JACKSON, Miss. (AP) — Overall consumer spending grew more slowly in Mississippi than in any other state in 2012, reflecting the state’s slow recovery from the recession.
A report released Thursday by the U.S. Commerce Department finds overall personal consumption spending grew 2.5 percent in Mississippi in 2012, compared to 4.1 percent nationwide. With other figures showing Mississippi’s economy grew by a brisk 3.5 percent that year, it suggests gains didn’t make it to the pockets of residents, or if so, they didn’t spend the money.
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