• DecUnemploymentRates DecUnemploymentRates
  • MS Agriculture Industry Production Values info_6
  • images/slider images/EconDec3.JPG EconDec3
  • MS Agriculture Industry Production Values info_6
  • images/slider images/Survey3.JPG EconDec3
  • images/slider images/CPBB_Tution_Inflation_Adjusted.jpg Fed Res1
  • Percent Change in State PerStudent Spending Fed Res2
  • MS Value of Residential Building Permits
  • Tax chart Tax chart


Feature Topics

December 2012 Agriculture & Natural Resources Industry Report

Agriculture remains a prime economic engine in Mississippi, representing approximately 24% of the state's revenue (or over $7 billion) and providing approximately 29% of its jobs. Although agriculture is risky, subject to weather events and pest infestations, it remains the most necessary of vocations: of the 7 billion people in the world today, approximately a billion are malnourished. read more...


Readers Comments

We were privileged to participate in this roundtable discussion and hope that you will benefit from the summary printed in this publication.
Beth Howell Hansen
Chief Executive Officer
Mississippi Association of REALTORS
As usual, this is an outstanding edition of "Economy Watch." Keep up the good work. This is a valuable publication for the business, government, and non-profit sectors
Lewis Whitfield
CREATE Foundation
Please email your comments at bizservices@cobilan.msstate.edu

--->

Economic Indicators

Building permits in April 2013 were at a seasonally adjusted annual rate of 1,017,000, up 14.3 percent from the revised March rate and up 35.8 percent from April 2012.

May 16, 2013 / read more...

----------------------------------------------------------------------------

March 2013 business inventories were $1,640.9 billion, unchanged from February and up 4.5 percent from March 2012. Sales in March 2013 were $1,269.6 billion, down 1.1 percent from the previous month and up 1.8 percent from one year earlier.

May 13, 2013 / read more...

----------------------------------------------------------------------------

April 2013 retail and food services sales were $419.0 billion, an increase of 0.1 percent from March 2013 and 3.7 percent higher than April 2012.

May 13, 2013 / read more...

----------------------------------------------------------------------------

March 2013 wholesale inventories were $503.1 billion, up 0.4 percent from the revised February level and up 4.7 percent from one year earlier. Sales were $414.7 billion, down 1.6 percent from the revised February level but up 1.3 percent from March 2012.

May 9, 2013 / read more...

----------------------------------------------------------------------------

March 2013 new orders for manufactured durable goods decreased 4.0 percent, to $467.3 billion. Shipments fell 1.0 percent, to $481.8 billion.

May 3, 2013 / read more...




Tax Corners

Tentative dates and locations for the 2013 Annual Income Tax Course :

Gulfport, MS – December 9-10, 2013

Jackson, MS – December 10-11, 2013

Tunica, MS – December 12-13, 2013

West Monroe, LA – December 9-10, 2013

Baton Rouge, LA – December 12-13, 2013

----------------------------------------------------------------------------

Tax Tips

Based on the statute of limitations, records need to be kept for three years after filing returns. However, if you file a fraudulent return or don't file a return (when you're required to do so), there's no limit. If you unreport your income by more than 25%, limitations period and the required record retention is 6 years. If you file a claim for a loss from worthless securities, the limitations period is 7 years. Keep records relating to your cost basis in property until the limitations period expires after you dispose of the property. read more...


----------------------------------------------------------------------------

Market Snapshots

Currencies US $
Euro 1.314
Pound 1.5529
Yen 0.101
Yuan 0.1624
Canada $ 0.9944
Hong Kong $ 0.1288
Gold 1,468.00
Stock Market
Dow 14,968.89
NASDAQ 3,392.97
S&P 1,617.50
Lending Rates
Fed Funds 0.14
3 Month Libor 0.47
Prime 3.25
U.S. Treasury Rates
3 Month 0.04
2 Year 0.22
5 Year 0.74
10 Year 1.80

Sponsors