MDN.ORG:
Missouri Digital News
MDN.ORG
Mo. Digital News
Missouri Digital News
MDN.ORG:
Mo. Digital News
MDN.ORG:
Missouri Digital News
MDN.ORG:
Missouri Digital News
MDN.ORG
Mo. Digital News
Missouri Digital News
MDN.ORG:
Mo. Digital News
MDN.ORG:
Missouri Digital News
The Director of the department of economic development gives an upbeat assessment of the state economy.
Joe Driskill, the director of the department of economic development, says there are many signs that indicate Missouri's economy is improving.
Driskill says more people are going to work, incomes are on the rise, the number of businesses in Missouri are growing, and that companies are moving back towards profitability.
But he says the recent economic growth has not yet had a positive impact on the state's budget:
General revenue collections net refunds decreased by 3.1% between fiscal years 2002 and 2003.
Driskill says the full impact of the expanding economy may not start to show up until the fall.
soc
Date: July 1, 2003
State Capital Bureau
The Director of the Department of Economic Development says the state's economy is expanding.
Joe Driskill, the director of the department of economic development, says the size of the work force is growing and wages are growing, which suggests businesses are getting back to profitability.
The state's unemployment rate was 5.3% in May, compared with the national rate of 6.1%.
But Driskill says the national recession continues to have a negative impact on the state:
Driskill says it could be months before the recent economic expansion has a positive impact on the state.
The Department of Revenue reported that general revenue collections net refunds decreased 3.1% between fiscal years 2002 and 2003.
soc
Date: July 1, 2003
State Capital Bureau
The director of the department of economic development says the state's economy is growing.
Joe Driskill, the director of the department of economic development, gave an upbeat assessment of the state's economy on Tuesday.
Driskill says the size of the work force is growing and wages are going up, which suggests businesses are heading back toward profitability.
The state's unemployment rate in May was 5.3%, compared with the national rate of 6.3% in May.
But Driskill says it could be months before the recent economic expansion will have a positive impact on the state's budget:
The Department of revenue reports that general revenue collections net refunds decreased by 3.1% between fiscal year 2002 and 2003.