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According to a report released this morning by MNI, researcher and compiler of the extensive U.S. manufacturing data that powers IndustryNet, Mississippi lost manufacturing jobs for the first time in four years, led by a 2.2% loss in the transportation equipment industry. Although this year's loss amounted to a slight half percent decline (1,046 jobs), it stands in contrast to the nearly 4,500 jobs the state added in the years following the recession. The state's post-recession gain was largely due to a 24% rise in transportation equipment employment, as more manufacturers moved south to escape high labor costs in other states.
This past year's loss reflects a number of challenges faced by Mississippi manufacturers, including global competition and a strong dollar -- factors that plagu...(Full Article)
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