Empower Mississippi’s latest study sheds light on the factors influencing workforce participation in the Magnolia State. The report, conducted in collaboration with the National Strategic Planning and Analysis Research Center at Mississippi State University, delves into the demographics of individuals who are less likely to seek employment opportunities.
According to data from the U.S. Bureau of Labor Statistics, Mississippi has consistently held the lowest workforce participation rate in the nation. Despite experiencing economic growth and low unemployment rates, the state struggles with a lagging labor force participation rate. Empower Mississippi’s CEO, Grant Callen, emphasizes the importance of understanding these trends to help more Mississippians experience the benefits of work.
The report highlights the impact of educational attainment on workforce participation. Individuals with post-secondary degrees, particularly associate’s degrees, exhibit higher levels of participation in the workforce. Conversely, those without a high school diploma are least likely to seek employment. Lt. Governor Delbert Hosemann has proposed legislation to address this issue by providing free community college tuition to Mississippians, aiming to increase workforce participation rates.
Demographics also play a significant role in workforce participation. The study reveals that individuals aged 25-44 have a higher participation rate compared to those aged 45-64. Gender disparities are evident, with a higher percentage of males holding jobs than females. Additionally, Hispanic residents have the highest rate of workforce participation, followed by non-Hispanic black residents and white residents.
As Mississippi grapples with low workforce participation rates, efforts are underway to address these challenges. Empower Mississippi’s ongoing research aims to provide valuable insights for policymakers and leaders in the state to boost the economy and improve the lives of Mississippians. Future reports from Empower will continue to explore solutions to increase labor force participation rates and drive economic growth in the Magnolia State.
In conclusion, the study conducted by Empower Mississippi and the National Strategic Planning and Analysis Research Center sheds light on the complex factors influencing workforce participation in Mississippi. By understanding the role of education, demographics, and other key factors, policymakers can work towards creating opportunities for more Mississippians to enter the workforce and experience the benefits of employment.