WATER VALLEY – Yalobusha County’s unemployment rate for April dropped seven-tenths of a percent from March but is identical to April of last year, according to the latest figures released by the Mississippi Department of Employment Security.
The April figure of 7.2 percent unemployment is almost three-tenths percent lower than the average for the month for the past five years, according to statistics from the MDES.
Mississippi’s unemployment rate dropped to 5.5 percent, which is the lowest for the month since 2004 when the rate was 5.2 percent.
Continuing the trend, the US unemployment rate also dropped four-tenths percent to 4.8 percent. However, that is higher than the April 2007 rate of 4.3 percent.
Yalobusha County’s labor force in March was reported by the MDES at 5,440 with 390 unemployed.
Mississippi’s nonfarm employment, which is counted by the location of establishments, posted a gain of 1,800 over the month and was 5,400 higher than the total reported for April 2007.
Neighboring Lafayette County posted one of the lowest rates in the state of 4 percent. Only Rankin County was lower with a 3.6 percent rate.
The MDES predicts the labor force will continue to grow as we approach summer as students enter the labor force temporarily.