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Unemployment Rate Eases Higher

WATER VALLEY – Yalobusha County’s unemployment rate for May rose 1.5 percent from April and 1 percent from May of last year, according to the latest figures released by the Mississippi Department of Employment Security.

The May figure of 8.7 percent unemployment is two-tenths percent higher than the average for the month for the past five years, according to statistics from the MDES.

Mississippi’s unemployment rate rose to 6.9 percent, which is nine-tenths percent higher than May 2007 when the rate was 6 percent.

Continuing the trend, the US unemployment rate also rose four-tenths percent to 5.2 percent. That is nine-tenths higher than the May 2007 rate of 4.3 percent.

Yalobusha County’s labor force in May was reported by the MDES at 5,520 with 480 unemployed.

Mississippi’s non-farm employment, which is counted by the location of establishments, showed a loss of 700 jobs over the month, but was still 2,100 higher than the total reported for May 2007.

Unemployment rates in-creased over the month in eighty counties. Rankin County reported the lowest unemployment rate for the month of May at 4.3 percent. Thirteen counties reported double digit unemployment rates.

Changes in the labor force conditions from April to May could be traced, largely, to the annual entry of students into the labor force estimates along with temporary layouts occurring throughout the state, according to the MDES.

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