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Labor Force Increases, Pushes Jobless Rate Up

Staff Report

WATER VALLEY – Yalobusha County’s unemployment rate declined by two-tenths of a percentage point in November.

But, in actuality the same number of people were unemployed while the county’s labor force grew by 40. The labor force is defined as the estimated number of people eligible for work or actively looking for work.

There were 660 people unemployed in October and 660 unemployed in November, according to the latest figures from the Mississippi Department of Employment Security.

Yalobusha County’s 13 percent rate is lower than the November 2009 rate of 13.6 percent. However, the average rate for November during the preceding four years was only 7.9 percent.

Yalobusha’s rate is also higher than the five surrounding counties; Grenada (12.6), Tallahatchie (10.8), Panola (12.5), Lafayette (7.4), and Calhoun (10.2).

Initial unemployment insurance claims were up more than double with 138 in November as compared to 60 in October. Continuing claims increased from 550 in October to 638 in November.

Mississippi’s unemployment rate for November was 9.8 percent, an increase of one-tenth of a percentage point from October’s rate of 9.7 percent. When compared to the November 2009 rate of 9.6 percent, the rate increased two tenths of a percentage point.

The number of unemployed increased 1,500 over the month, while the employed total increased 3,100 from the prior month.

The Nation’s unemployment rate for November  at 9.3 percent was up three-tenths of a percentage point over the month, but was down one-tenth of a percentage point from the year ago rate of 9.4 percent.

For the month of November, only eighteen counties in Mississippi posted unemployment rates less than or equal to the state’s rate of 9.8 percent.

Rankin County posted the lowest unemployment rate for the month of November at 6.3 percent. Noxubee County had the highest unemployment rate for November at 19.8.

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