WATER VALLEY – Yalobusha County unemployment is continuing to drop, going down another two percentage points over the past month.
The September rate of 12.9 percent takes the county out of the top ten for the state and 4.5 points below the 22-year high reached in July.
The number of unemployed persons in the county is 710, according to the latest figures from the Mississippi Department of Employment Security. That compares to 830 last month and 480 a year ago when unemployment was 8.8 percent.
The number of employed persons in the county is 4800, which is 90 more than last month. The total labor force is shown at 5510, down from 5540 last month.
The average unemployment rate in September for the preceding five years is 7.9 percent.
Mississippi’s not seasonally adjusted unemployment rate for September was 8.8 percent, decreasing from the previous month’s rate of 9.7 percent. When compared to the September 2008 rate of 7.1 percent, the rate increased nearly two percentage points.
The Nation’s not seasonally adjusted unemployment rate for September was down slightly over the month at 9.5 percent but was 3.5 percentage points higher than the year ago rate of 6.0 percent.
For the month of September 2009, only twenty-seven counties in Mississippi posted unemployment rates less than or equal to the state’s rate of 8.8 percent. Unemployment rates decreased over the month in all eighty-two counties.
Rankin County posted the lowest unemployment rate for the month of September at 5.6 percent followed by Scott County at 5.9 percent. Forty-one counties reported double-digit rates for the month with six counties reporting rates greater than or equal to 15.0 percent.