WATER VALLEY – Unemployment dropped a just a little over the month of November, going from 8.7 percent in October to 8.5 percent.
The most recent figures from the Mississippi Department of Employment Security show that 5,180 people were employed in November with 480 out of work as compared to 490 in October.
The labor force was down from October, going from 5,690 to 5,660 in November. 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 November 2009, the unemployment rate was 13.1 percent. And, just one year ago in November 2012, the rate was exactly the same as November of 2013, which is the lowest rate in the five year period.
In comparison to the five surrounding counties, the Yalobusha unemployment rate was less than Panola (9.8), Tallahatchie (10.2) and Calhoun (8.9); but more than Grenada (7.9) and Lafayette (5.2).
Initial unemployment insurance claims went down in November, going from 79 to 49. Continuing claims went up, going from 429 in October to 477 in November.