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Jobless Rate Continues To Move Higher

By Jack Gurner

WATER VALLEY – Yalo-busha County’s unemployment rate climbed for a second month to 13.2 percent in October.

But, it is up just half a percentage point from September’s rate of 12.7 percent, according to the latest numbers from the Mississippi Department of Employment Security.

The October report shows that there were 20 more people unemployed last month (660) than in September (640) out of a labor force of 5020. The labor force is defined as the estimated number of people eligible for work or actively looking for work.

The 13.2 percent rate is lower than the October 2009 rate of 14.7 percent. However, the average rate for September during the preceding four years was only 8 percent.

Yalobusha’s rate is also higher than the five surrounding counties; Grenada (12.8), Tallahatchie (10.2), Panola (12.7), Lafayette (7.3), and Calhoun (10).

Initial unemployment insurance claims were about the same with 60 in October to 59 in September. Continuing claims increased from 507 in September to 550 in October.

Mississippi’s unemployment rate for October 2010 was 9.7 percent, constant from the prior month. When compared to the October 2009 rate of 10.0 percent, the rate decreased three-tenths of a percentage point.

The number of unemployed increased 1,200 over the month, while the employed total increased 6,000 from the prior month. The Nation’s unemployment rate for October 2010 at 9.0 percent was down two-tenths of a percentage point over the month, and was down five tenths of a percentage point from the year ago rate of 9.5 percent.

For the month of October 2010, only nineteen counties in Mississippi posted unemployment rates less than the state’s rate of 9.7 percent.

Rankin County posted the lowest unemployment rate for the month of October at 6.3 percent followed by DeSoto and Madison Counties at 7.0 percent. Five counties reported rates greater than 15.0 percent. Noxubee County had the highest unemployment rate for October at 19.2 percent.

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