WATER VALLEY – Unemployment in Mississippi and Yalobusha County continues to drop after the state’s economy generated 2700 more jobs statewide in April than in March.
In Yalobusha County, the unemployment rate for April is 8.3 percent. That’s down from 9 percent in March, according to the most recent figures from the Mississippi Department of Employment Security.
The figures show 5320 people employed in April with 480 out of work as compared to 530 in March.
However, the April labor force was 5,800, down from 5,880 in March. The labor force is defined by MDES as the estimated number of people eligible for work or actively looking for work.
Just four years ago in April 2009, the unemployment rate was 12.7 percent. And, just one year before that in April 2008, the rate was 5.7 points less at 7 percent.
In comparison to the five surrounding counties, the Yalobusha unemployment rate was less than Panola (10.8), Tallahatchie (10.9), Calhoun (9.1) and Grenada (8.5); but more than Lafayette (6.0).
Initial unemployment insurance claims went down by half over the month, going from 42 in March to 21 in April. Continuing claims also went down, going from 427 in March to 343 in April.
The April 2013 initial claims (21) are less than in April 2012 (41) as are the April 2013 continuing claims (343) compared to April 2012 (447).
More was paid in unemployment insurance claims in April 2013 ($59,720) than in March 2013 ($56,961). Those figures are both less than the $63,082 paid out in April 2012.
Mississippi’s unadjusted unemployment rate for April 2013 was 8.2 percent, decreasing five-tenths of a percentage point from the previous month’s rate of 8.7 percent.
The number of unemployed decreased 6,500 over the month, while the employed total increased 6,300 from the prior month.
The Nation’s unadjusted unemployment rate for April 2013 at 7.1 percent was down five-tenths of a percentage point over the month.
For the month of April 2013, only twenty-six counties in Mississippi posted unemployment rates less than or equal to the state’s rate of 8.2 percent. Rankin County posted the lowest unemployment rate for the month of April at 4.8 percent.
Five counties reported rates greater than 15.0 percent. Issaquena County had the highest unemployment rate for April at 17.3 percent.