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Yalobusha’s Jobless Rate Continues To Ease Down

By Jack Gurner

WATER VALLEY – Yalobusha County’s unemployment rate is still falling, going down almost a full percentage point from March to April.

There were 640 people unemployed last month for a 10.6 percent rate as opposed to 690 people in March when the rate was 11.5 percent, according to the latest figures from the Mississippi Department of Employment Security.

The number of people employed went from 5290 in March to 5430 in April. Plus, there was an increase in the labor force from 5980 to 6070 over the period. The labor force is defined as the estimated number of people eligible for work or actively looking for work.

The April 2011 unemployment rate is down one and eight-tenths points from the 12.4 rate in April of 2010. Five years ago, in April of 2006, the rate was 6.6 percent.

In comparison to the five surrounding counties, the Yalobusha unemployment rate was less than Tallahatchie (10.7) and Panola (11.7), but higher than Grenada (10.5), Calhoun (8.6), and Lafayette (7.4).

Initial unemployment insurance claims were down by two with 54 in April as compared to 56 in March. Continuing claims decreased to 385 from 494 in March. A year ago in April of 2010 there were 600 continuing claims.

Mississippi’s unadjusted unemployment rate for April 2011 was 10 percent, decreasing three-tenths of a percentage point from the previous month’s rate of 10.3 percent. When compared to the April 2010 rate of 9.9 percent, the rate increased one-tenth of one percentage point.

The number of unemployed decreased 3,200 over the month, while the employed total increased 14,200 from the prior month.

The nation’s unemployment rate for April 2011 at 8.7 percent was down five-tenths of a percentage point over the month, and eight-tenths of a percentage point from the year ago rate of 9.5 percent.

For the month of April 2011, only twenty-five counties in Mississippi posted unemployment rates less than or equal to the state’s rate of 10 percent.

Rankin County posted the lowest unemployment rate for the month of April at 6.3 percent followed by Madison County at 7.1 percent, and our neighbor to the north, Lafayette County, coming in third at 7.4 percent.

Issaquena County had the highest unemployment rate for April at 19.6 percent followed by Tunica County at 18 percent.

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