Mississippi economy working slowly toward recovery

By The Associated Press

JACKSON — Mississippi’s economy is strengthening but is not fully recovered from the recession.

That’s what state economist Darrin Webb told lawmakers Thursday during a briefing at the Capitol.

Webb predicts it’ll be 2015 before Mississippi regains the employment level it had in February 2008 — the point at which the state started losing jobs.

State Treasurer Tate Reeves says Mississippi is in good shape with its level of bond debt. Repaying the long-term debt is taking about 8.1 percent of the current year’s state budget.

Legislators received the fiscal briefing as part of their lengthy process of writing a budget for the year that begins July 1.