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Magnolia is considered a Large Town with a population of 10,339 and 1,613 businesses. 13 in 2018 were added to the Magnolia Chamber of Commerce business directory which was more than 2017 which had 3.

The economy of Magnolia employs 5,935 people and has an unemployment rate of 8.8%. Some of the largest industries in Magnolia are Professional Services (208),Restaurants (56), and Baptist Churches (33).
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