Mississippi State Economist Corey Miller wants to know what happened to the 42,000 workers that left the labor force since February 2020.
In an address at a Stennis Capitol Press luncheon Dec. 18, he also said that he an economic downturn for Mississippi through 2025. Yet, those concerns were focused on a continued low percentage of labor force participation in the Magnolia State.
“Labor force participation in Mississippi is an issue that received attention from researchers, members of the media, and state officials in recent years," Miller was quoted by the Magnolia Tribune.
Mississippi has one of the lowest labor force participation rates in the country.
According to the U.S. Bureau of Labor Statistics, the state typically ranks 43rd in the U.S. on an annual average for labor force participation. Since 2013, Mississippi has been in the 49th position, just above West Virginia.
Data from 2022 shows that 54.9% of the state’s possible labor force was engaged in work, compared to the nation’s rate of 62.2%. (Magnolia Tribune 12/18/23) State Economist concerned with Mississippi's declining labor force participation rate - Magnolia Tribune
No comments:
Post a Comment