Phil Pepper Mississippi Institutions of Higher Learning Presentation to 2010 LEARN Conference March 29, 2010.

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Presentation transcript:

Phil Pepper Mississippi Institutions of Higher Learning Presentation to 2010 LEARN Conference March 29, 2010

MississippiUnited States 2009 Populations Estimate (US Census) 2,951,996307,006, Total Personal Income, Billions (US BEA)$88.9$12, Unemployment Rate (US BLS)9.6%9.3% 2009 Unemployment Rate U-4 (US BLS)10.2%9.7% 2008 Workforce Participation Rate, 16 yrs+ (US Census)60.1%66.0% 2008 Per Capita Income (US BEA)$30,103$39,138 2

3

4

Mississippi Nonfarm Employment Source: U.S. Bureau of Labor Statistics 5 1,160.6 May 00 1,108.3 Jun 03 1,085.5 Feb 10 1,159.0 Jan 08

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

7 Source: U.S. Bureau of Economic Analysis and IHL. Trough-To-Peak

8 Average Annual Growth In Real Total Personal Income During Periods of U.S. Expansion

Source: U.S. Bureau of the Census 9

10 Percentage of Population in the Workforce

11 Source: FDIC

12 Red Bars Denote National Recessions: July 1990-March 1991; March 2001-November 2001; December 2007 – June 2009(Preliminary) 2010 Growth is the March Revised Estimate. Transfers to the G.F. -- Growth Over Prior Year

13 Red Bars Denote National Recessions: July 1990-March 1991; March 2001-November 2001; December 2007 – June 2009(Preliminary) 2010 Growth is the March Revised Estimate. Transfers to the G.F.-- Growth Over Prior Year

Red Bars Denote National Recessions: July 1990-March 1991; March 2001-November 2001; December 2007 – June 2009 (Preliminary) Growth is the March Revised Estimate. 14 Transfers to the G.F.-- Growth Over Prior Year

15 March 2010 is preliminary

 Growth in the US and MS will be below the long- term average for the foreseeable future  Job growth in particular will be anemic in MS  State revenue growth will be slow with greater frequency of negative years  Restructuring of State verses Federal government -- politics, politics, politics  Education, Education, Education 16

17 Questions or Comments?