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Nation’s debt default would hurt Mississippi’s already fragile jobs market more than most

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Nation’s debt default would hurt Mississippi’s already fragile jobs market more than most


Mississippi’s already lackluster employment numbers would be impacted more than most states if Congress does not raise the debt limit to pay the nation’s bills.

If there is a long-term lapse in the nation’s ability to pay its debt, the state could lose as many as 64,000 jobs or 5.4% of its workforce, according to a recent report by Moody’s Analytics, a subsidiary of Moody’s credit rating agency. In a short-term scenario, Mississippi would lose as many as 21,700 jobs or 1.23% of its workforce. Moody’s predicts only five states would lose a larger percentage of their workforce than Mississippi.

“The blow to the economy would be cataclysmic,” Moody’s said of a “prolonged breach” of the debt limit. Moody’s reasons that states that depend more on federal revenue would be the ones most negatively impacted if the nation defaults on its debt.

The Republican leadership of the House is currently refusing to raise the nation’s debt limit to pay past commitments made by Congress unless multiple cuts are made to future spending. Congressional leaders and President Joe Biden currently are negotiating a deal that will result in raising the credit limit. If no deal is reached, projections are the nation could be unable to pay its debt starting in early June.

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The debt limit debate comes as Gov. Tate Reeves has touted the state’s job growth as part of his reelection campaign. The Republican Reeves will likely face Democratic Northern District Public Service Commissioner Brandon Presley in the November general election.

After April’s unemployment rate of 3.4% was announced for Mississippi, Reeves said: “Reaching a record low unemployment rate in back-to-back months speaks volumes to Mississippi’s momentum. Our education system is thriving, jobs are plentiful, and there are more opportunities than ever before. We’re making historic investments in workforce development and infrastructure and are attracting thousands of high-paying jobs to every region of the state. It’s a great day to be a Mississippian.”

Despite those low unemployment numbers, data from the U.S. Bureau of Labor Statistics reveals that there were fewer Mississippians working in April of this year than in April 2022. In April 2023, 1.212 million were employed — 8,089 fewer than were working a year ago.

April marks the seventh consecutive month where there were fewer Mississippians working than in the prior year, according to BLS data. There are 2,073 fewer jobs in April 2023 than in January 2020 when Reeves took office, though April 2023 numbers are still preliminary.

Employment numbers have been tenuous in Mississippi for some time. The state’s highest levels of employment occurred in May 2000, when there were 1.24 million employed. That number has never been surpassed.

Mississippi’s labor force participation rate also peaked in early 2000, when 62.85% of the people eligible to work were employed. The state’s rate is currently at 54.5% and trails the national average of 62.9% and all other states with the exception of West Virginia.

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Responding to those numbers in the past, Reeves has said there are jobs available for people who want to work.

But those jobs pay less than jobs in other states. Mississippi has the lowest mean or average household income at $65,156 per year. Mississippi has trailed the rest of the nation in per capital income for decades, though Reeves points out per capital income has increased by 21% or $8,100 since 2019.

Wages in Mississippi, like in the rest of the nation, have been increasing since the pandemic. Personal income in Mississippi grew by an annualized rate of 4.1% between the third and fourth quarters of 2022. During the same period, the nation’s personal income grew by an annualized rate of 7.4%, according to the Bureau of Economic Analysis.

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Mississippi

Mississippi man dies of an apparent overdose in MDOC custody in Rankin County

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Mississippi man dies of an apparent overdose in MDOC custody in Rankin County


A 41-year-old man incarcerated at Central Mississippi Correctional Facility in Rankin County died Thursday of an apparent overdose.

Mississippi Department of Corrections Commissioner Burl Cain confirmed the death in a news release.

The man was identified as Juan Gonzalez. According to prison records, he was serving a four-year sentence on multiple convictions in Hinds County and was tentatively scheduled for release in May 2025.

“Because of the unknown nature of the substance, the Mississippi Emergency Management Agency and the Mississippi Department of Health were notified,” MDOC reported.

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The investigation into Gonzalez’s death remains ongoing.

This is a developing story and may be updated.



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Mississippi high school football scores for 2024 MHSAA Week 2

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Mississippi high school football scores for 2024 MHSAA Week 2


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Here is our Mississippi high school football scoreboard, including the second week of the season for MHSAA programs.

THURSDAY

Heidelberg 14, Quitman 8

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Independence 20, Byhalia 6

Myrtle 47, Potts Camp 18

North Pontotoc 41, Water Valley 19

Okolona 40, Calhoun City 0

Provine 16, Lanier 6

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One of the largest ever alligators is caught in Mississippi with hunters planning to EAT 800lbs monster

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One of the largest ever alligators is caught in Mississippi with hunters planning to EAT 800lbs monster


Mississippi’s 2024 alligator hunting season got off to a whopping start when a team of six hunters reeled in one of the largest monsters ever caught in the state.

The 14-foot-long, 802-pound alligator was caught in the Yazoo River, which stretches over 2,000 miles through Mississippi and Louisiana. 

The group stood proudly with their catch for photographs, and all six were needed to hold up the lifeless creature.

The yearly hunt kicked off last month and is set to run until September 9, allowing participants to take home their prize for ‘wallets, belts and eating,’ according to state rules.

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The group reeled in the alligator last week in the dead of night. Officials determine the creature measured 14 feet long and weighed over 800 pounds

There are more than 3,700 people participating in the 2024 hunt, with an average of five to six people on each team.

The rules state that permit holders may harvest up to two alligators over four feet long, but only one can be longer than seven feet.

The largest a alligator ever recorded was 19 feet, two inches long and weighed more than 2,300 pounds when it was caught in in Louisiana in 1890.

However, the most recent monster was captured in Arkansas by  Mike Cottingham in 2021.

Cottingham claimed the beast was 13 feet, three inches long and weighed 1,380 pounds.

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The largest in Mississippi, killed in 2023, was about three inches longer than the one captured this year. 

The team, which included Megan Sasser, braved torrential rains to capture the 60-year-old beast.

In a social media post, Sasser said she and her team are ‘still over the moon’ after reeling in the reptile last Friday. 

‘We sat through a monsoon for over 3 hours… crunched 2 poles, survived the death roll a few times, displaced everything in the boat, and still managed to bring this monster home,’ she continued. 

Brandi Robinson, also part of the winning team, explained that the giant alligator was spotted 250 yards away from the boat.

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Mississippi holds the hunt each year, allowing participants to capture no more than two alligators

Mississippi holds the hunt each year, allowing participants to capture no more than two alligators

Brandi Robinson (pictured), also part of the winning team, explained that the giant alligator was spotted 250 yards away from the boat

Brandi Robinson (pictured), also part of the winning team, explained that the giant alligator was spotted 250 yards away from the boat 

‘Everyone’s binoculars were immediately glued! It was a big one and we all knew that,’ she said, as reported by The State.

The boat slowly made its way toward the giant creature and the team waited for about 45 minutes for it to come back to the surface before wrestling with for about an hour.

It is not clear what tools were used to capture the alligator, but hunters can use everything from snatch hooks to harpoons and even firearms.

The six-person team loaded their catch into the boat and brought it to a local meat processing company, Red Antler. 

After taking pictures with the prized gator, the team took it to a local meat processing facility

After taking pictures with the prized gator, the team took it to a local meat processing facility

‘In the last five years, we here at Red Antler have processed probably about 3,000 alligators, and we have only got two that were over the 14-foot in length measurement,’ Shane Smith, owner of Red Antler Processing, told McClatchy News.

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The team took most of the meat home and donated the rest to Hunter Harvest, a nonprofit organization that gives hunted and harvested meat to families in need.

Sasser also shared a picture of her and the alligator on Facebook where friends called it  a ‘monster.’

However, not everyone was thrilled to see the giant catch.

One Facebook user commented: ‘That gator had to be at least 50 years old to have gotten that big. Such a shame. He’s a beautiful animal.’



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