Mississippi Metro Areas Lag Nation In Growth

JACKSON, MS (Ben Caxton) — Economic growth in Mississippi’s three metropolitan areas lagged the national average in 2016. Numbers released last week by the U.S. Commerce Department show the economy shrank slightly in the Gulfport-Biloxi-Pascagoula metro area, was flat in metro Jackson and grew in Hattiesburg. The Mississippi Gulf Coast economy shrank 0.5 percent with declines in professional business services, construction, and durable goods manufacturing, a category that includes shipbuilding. Hattiesburg’s economy grew 1.2 percent led by professional and business services, healthcare, and private educational services. Jackson was flat as growth in professional business services and durable goods manufacturing, including auto assembly, were offset by declines in natural resources and mining, finance and real estate and information technology. Metro areas nationwide grew 1.7 percent in 2016.

 


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