Hoping to find good warehouse spaces for rent in Mississippi? Go through the listings above and discover all the options we have for you.Mississippi is home to an array of industries, which contribute to the state's economy and labor force. According to the Mississippi Department of Employment Security, the state's total labor force was 1.2 million in 2021 (https://mdes.ms.gov/media/23357/labormarketdata.pdf)
The industries with the most employees included retail trade, manufacturing, health care and social assistance, accommodation and food services, and government. While the labor force is vital to the Mississippi economy, the Gross Domestic Product (GDP) is an indicator of economic health. The GDP of Mississippi was $127.3billion in 2021. (https://fred.stlouisfed.org/series/MSNGSP)
The leading contributors to the GDP included manufacturing at 17.7%, government at 15.8%, real estate at 11.6%, and health care and social assistance at 10.4%.
In recent years, Mississippi has seen economic trends that are both promising and concerning. One of the most promising trends is the job growth in the state. In 2017, Mississippi's unemployment rate was 3.4% in 2022 and counts with a civilian labor force of 1.3 million people. (https://mdes.ms.gov/media/23357/labormarketdata.pdf)
The most significant job growth came from leisure and hospitality, professional and business services, and trade, transportation, and utilities. On the other hand, there are concerning trends in Mississippi, such as the state's ranking in the nation. Mississippi ranked 34th in the nation for GDP and 50th for per capita personal income in 2021. (https://www.clarionledger.com/story/news/2022/04/01/gdp-growth-mississippi-economy-2021/7244897001/)
Despite the economic trends in Mississippi, the state's industries remain strong and essential to the economy. Manufacturing, retail trade, health care and social assistance, accommodation and food services, and government are the main industries, and they are supported by a labor force of 1.2 million. In addition, the GDP of Mississippi was $125.11 billion in 2021 (https://www.statista.com/statistics/248023/us-gross-domestic-product-gdp-by-state/)
with the manufacturing, government, real estate, and health care industries leading the way. While there have been both promising and concerning economic trends in Mississippi, the state's industries remain a core component of the economy.