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Income growth 3rd in nation

Income growth 3rd in nation

By: Magnolia Tribune - March 27, 2008

The Clarion-Ledger, 3/27/8

Mississippi had the third-highest increase in per capita income among all states in 2007, according to a Bureau of Economic Analysis report released Wednesday.

“It is a continuation of what has been going on since 2004,” Gov. Haley Barbour said. Per capita income has increased about 19.5 percent since 2004, when he took office.

“We are replacing low-skill, low-wage jobs with high-skill, high-paying jobs,” Barbour said.

That is the good news.

The bad news is the state’s $28,845 in per capita income remains the lowest of any state in the nation.

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This article was produced by Magnolia Tribune staff.