WATER VALLEY – Unemployment continues to rise in Yalobusha County, going from 9.5 percent in May to 10 percent in June.
The most recent figures from the Mississippi Department of Employment Security show that 5,150 people were employed in June with 570 out of work as compared to 560 in May.
The labor force also went down, going from 5,800 in May to 5,720 in June. 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 June 2009, the unemployment rate was 16.5 percent. And, just one year before that in June 2008, the rate was 7.4 points less at 9.1 percent. The current rate is less than in June for the past four years.
In comparison to the five surrounding counties, the Yalobusha unemployment rate was less than Panola (12.5), Tallahatchie (12.7), Calhoun (10.9) and Grenada (10.1); but more than Lafayette (7.3).
Initial unemployment insurance claims fell considerably in June, going from 100 in May to 52 in June. Continuing claims went up, going from 371 in May to 489 in June.
The June 2013 initial claims (52) are almost the same as in June 2012 (53). But, the June 2013 continuing claims (489) are less than in May 2012 (523).
Mississippi’s unadjusted non-farm employment increased 1,800 over the month and 26,200 from one year ago.
Mississippi’s unadjusted unemployment rate for June 2013 was 9.7 percent, increasing four-tenths of a percentage point from the previous month’s rate of 9.3 percent.
When compared to the June 2012 rate of 10 percent, the rate decreased three-tenths of a percentage point.
The number of unemployed increased 7,200 over the month, while the employed total increased 1,700 from the prior month.
The Nation’s unadjusted unemployment rate for June 2013 at 7.8 percent was up five-tenths of a percentage point over the month, but was six-tenths of a percentage point below the year ago rate of 8.4 percent.