Mississippi’s Employment Situation
July 22, 2016
Unemployment Rate Still At The Lowest Level In More Than Eight Years. This is the latest information announced today by the Mississippi Department of Employment Security.
Mississippi’s seasonally adjusted unemployment rate was 5.9% in June, which was unchanged from the rate a month earlier in May. This rate is the lowest level of unemployment in Mississippi since December 2007, when the unemployment rate was also 5.9 percent. The June 2016 rate is five-tenths of a percentage point lower than a year ago in June 2015 when the rate was 6.4 percent.
Also, the number of unemployed Mississippians declined again in June to 75,400. The June figure is the lowest number of unemployed individuals in our state since February 2004. The June 2016 number of unemployed Mississippians is 100 lower than a month earlier in May 2016 when the number was 75,500 and 5,400 lower than a year ago in June 2015 when the number was 80,800.
The number of people working in Mississippi declined in June by 9,400 to 1,204,100; however, for the year since June 2015, employment in our state posted an increase of 15,700.
The Labor Force, which is made up of everyone who has a job or is looking for a job, fell in June by 9,500 to 1,279,500; however, over the year since June 2015, the Labor Force increased by 10,300 as more Mississippians got jobs or started seeking employment.
A separate survey of Mississippi employers indicated that the number of jobs declined in June by 4,800 to 1,137,100; however, in the year since June 2015, the number of jobs increased by 5,500.
For details or questions on this information, please contact Mary Willoughby at (601) 321-6260 or by email at: email@example.com.