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The State of Mississippi’s Economy November 13, 2008 Oktibbeha County Leadership Development.

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Presentation on theme: "The State of Mississippi’s Economy November 13, 2008 Oktibbeha County Leadership Development."— Presentation transcript:

1 The State of Mississippi’s Economy November 13, 2008 Oktibbeha County Leadership Development

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4 Per Capita Income Source: U.S. Bureau of Economic Analysis

5 Non-Farm Monthly Employment Growth Source: U.S. Bureau of Labor Statistics and IHL Calculations

6 Mississippi Employment by Major Industry, 1990 - 2008 Source: U.S. Bureau of Labor Statistics

7 Goods Producing Verses Service Producing Jobs in MS Source: U.S. Bureau of Labor Statistics

8 Mississippi 14.7% United States 10.1% Less than 10% 10% to 20% 20% and Above No Manufacturing Manufacturing Employment as a Percentage of Total Employment, 2007

9 Mississippi Non-Farm Earnings By Major Source, 2007 0.8% 1.5% 2.6% 3.0% 4.9% 5.0% 6.1% 9.1% 15.5% 17.1% 10.0% Percentages represent share of total in 2007 MS Total Nonfarm Earnings in 2007, was $55.1 Billion Source: U.S. Bureau of Economic Analysis 24.3%

10 Mississippi Retail Sales Three Month Moving Average Source: Mississippi Tax Commission and IHL Calculations

11 Mississippi Retail Sales Jan. – July, 2005 VS. 2008 Loss 0.0% to 15.0% Between 15% and 25% Greater than 25% Source: Mississippi Tax Commission Mississippi 19.0% Hancock -31.4% Issaquena -27.9% Quitman -20.5% Choctaw -15.1% Benton -10.6% Montgomery -8.8% Yalobusha -8.4% Coahoma -7.7% Claiborne -3.8% Newton -3.2% Humphreys -1.9% Tunica -1.1% Tishomingo -0.9% Attala -0.4% Webster 2.1% Washington 2.2% Grenada 3.6% Simpson 4.1% Chickasaw 4.5% Tate 4.6% Marshall 4.9% Jeff. Davis 6.2% Wayne 7.3% Winston 8.2% Lee 9.2% Monroe 10.5% Perry 10.6% Kemper 10.6% Oktibbeha 10.9% Lowndes 11.2% Leflore 11.2% Alcorn 11.9% De Soto 12.3% Yazoo 12.7% Hinds 13.2% Clay 13.6% Sunflower 13.7% Lauderdale 13.9% Noxubee 14.0% Pike 14.2% Calhoun 15.2% Panola 15.4% Lincoln 16.1% Bolivar 16.2% Scott 16.7% Rankin 17.2% Madison 17.2% Leake 17.2% Sharkey 17.3% Smith 17.6% George 19.9% Wilkinson 21.0% Neshoba 21.5% Greene 21.6% Prentiss 21.8% Holmes 23.0% Lafayette 23.5% Marion 24.0% Warren 24.3% Covington 24.8% Amite 25.1% Franklin 26.4% Lawrence 27.5% Itawamba 27.7% Tippah 27.9% Carroll 29.4% Harrison 31.0% Stone 33.4% Lamar 33.8% Jones 37.6% Jefferson 38.9% Adams 39.5% Forrest 41.3% Copiah 43.7% Pontotoc 48.9% Pearl River 52.4% Jackson 59.2% Union 70.1% Clarke 72.1% 101.1% Walthall 135.1% Jasper 174.0% Tallahatchie

12 Retail Sales Pull Factor, 2006 Less than 0.50 0.51 to.75.75 to 1.00 1.00 and over Source: Mississippi Tax Commission and IHL Calculations 0.19 Carroll 0.24 Benton 0.27 Amite 0.29 Tallahatchie 0.30 Issaquena 0.31 Kemper 0.33 Lawrence 0.33 Franklin 0.34 Quitman 0.36 Clarke 0.37 Jefferson 0.38 Yalobusha 0.38 Greene 0.40 Choctaw 0.41 Holmes 0.41 Walthall 0.44 Calhoun 0.44 Perry 0.45 Marshall 0.45 Smith 0.46 Claiborne 0.46 Webster 0.47 Noxubee 0.48 Itawamba 0.49 Tippah 0.50 Wilkinson 0.51 Jeff. Davis 0.52 Newton 0.53 Yazoo 0.54 Copiah 0.54 Clay 0.54 Pontotoc 0.55 Sunflower 0.55 Jasper 0.56 Monroe 0.57 Sharkey 0.58 Tate 0.59 Chickasaw 0.60 Humphreys 0.62 Leake 0.62 Prentiss 0.63 Union 0.64 Montgomery 0.65 Simpson 0.67 Hancock 0.70 Winston 0.70 Coahoma 0.71 Attala 0.71 Scott 0.73 Bolivar 0.76 Covington 0.80 Neshoba 0.81 George 0.82 Oktibbeha 0.82 Lafayette 0.83 Warren 0.84 Madison 0.85 Stone 0.89 Pearl River 0.90 Jackson 0.90 Panola 0.90 Leflore 0.93 De Soto 0.94 Wayne 0.95 Washington 0.98 Alcorn 1.02 Lowndes 1.02 Hinds 1.07 Marion 1.07 Adams 1.08 Jones 1.08 Lauderdale 1.12 Lincoln 1.12 Rankin 1.16 Pike 1.18 Grenada 1.25 Lee 1.31 Forrest 1.46 Harrison 1.48 Lamar 2.17 Tunica 0.63 Tishomingo

13 Mississippi Average Fall Enrollment by Grade, 1995-2005 Average Number of Births 6 Years Prior to 1 st Grade 42,353 Average Number of “Traditional” Graduates 23,722 On average, for the last 10 school years, about 41,700 students entered 9 th grade, yet only 26,000 enrolled in the 12 th grade. Even less graduated with a traditional H.S. diploma. What happens each year to lose those 15,700+ students? Source: Annual Reports of the State Superintendent of Public Education

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17 Workforce Participation by Educational Attainment Mississippians 25-64 Years of Age, 2005 Source: U.S. Census, American Community Survey

18 Unemployment Rate by Educational Attainment Mississippians 25-64 Years of Age, 2005 Source: U.S. Census, American Community Survey

19 Median Annual Earnings by Educational Attainment Mississippians 25-64 Years of Age, 2005 Source: U.S. Census, American Community Survey

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21 Mississippi Male Incarceration Rates by Educational Attainment Source: Calculated for 2000 Census and US Department of Justice Data

22 Investing in Education Source: Calculations by IHL based on Appropriations data for 2005

23 Net Returns to the State from Individuals by Educational Attainment Source: Calculations based on education costs and 45 Years of lifetime work.

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