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County’s Jobless Rate Continues To Increase

By Jack Gurner

WATER VALLEY – Unemployment continues to rise in Yalobusha County with a 1.2 percent increase from May to June.

The unemployment rate for June was 12.1 compared to 10.9 in May.

According to the latest unadjusted figures from the Mississippi Department of Employment Security, there were 750 people out of work in June compared to 680 in May.

The number of people employed went from 5570 in May to 5430 in June. The labor force also decreased over the month, going from 6250 in May to 6180 in June. The labor force is defined as the estimated number of people eligible for work or actively looking for work.

The June 2011 unemployment rate is down only .7 percent from the June 2010 rate of 12.8 percent. Five years ago, in June 2006, the rate was 8.2 percent. But, the current rate is still almost 5 percentage points lower than the 17 percent reached in 2009.

In comparison to the five surrounding counties, the Yalobusha unemployment rate was less than Panola (12.8), but higher than Tallahatchie (11.9), Grenada (11.4), Calhoun (9.7), and Lafayette (9.5).

Both initial unemployment insurance claims and continuing claims decreased over the month. Initial claims were 84 in June compared to 100 in May. Continuing claims went from 594 in May to 563 in June.

Mississippi’s unadjusted unemployment rate for June 2011 was 11.0 percent, increasing nine-tenths of a percentage point from the previous month’s rate of 10.1 percent.

When compared to the year ago rate of 10.7 percent, the rate increased three-tenths of a percentage point.

The number of unemployed increased 14,000 over the month, while the employed total decreased 3,000 from the prior month.

The Nation’s not seasonally adjusted unemployment rate for June 2011 at 9.3 percent was up six-tenths of a percentage point from the prior month, but decreased three-tenths of a percentage point from the year ago rate of 9.6 percent.

For the month of June 2011, only twenty-one counties in Mississippi posted unemployment rates less than or equal to the state’s rate of 11.0 percent. Rankin County posted the lowest unemployment rate for the month at 6.5 percent and Tunica County had the highest at 19.8 percent.

Historically, Mississippi’s unemployment rate has increased from May to June as the full impact of students entering the labor force occurs.

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