Mississippi ranks at bottom of study for healthy economy

Finding a job and keeping a job are key to a healthy economy.

So is getting paid for the work that you do.

But, SeniorLiving.org reports people who live in Mississippi are still at or near the bottom of their study.

Here’s what they found.

Unemployment rates here are right in the middle at number 25. That means the jobs that are available are being filled and that sounds pretty good.

But they also found that the people without a job are having trouble getting one. That’s what they call the change in unemployment. Mississippi is 41st there.

And, we are at the absolute bottom when it comes to annual wage. Mississippians on average are just not paid as much as people who live in all other states.

But the formula that pulls Mississippi’s economy down is called the per capita gross domestic product.

The Gross Domestic Product looks at how much each one of us spends. That’s the per capita part. Then it looks at how much the state government spends on us – from education to roads. It looks at business investments and the kind of products we make and send to other people, and the type of products sent to us.

After averaging everything on that list, Mississippi ranks at number 51.

And this matters because all of this affects the quality of life for people who live in Mississippi – and could affect whether or not a new business makes the decision to move to the state. That new business could mean more jobs. And the whole cycle begins again.

Categories: Local News

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