Categorized | Business news, Economic development, Employment and jobs, Northeast Mississippi, Unemployment

Northeast Mississippi jobless rate ticks up a notch

For the first time in nine months, the unemployment rate for Northeast Mississippi increased. unemploymen image

The 16-county region posted an 8.9 percent jobless rate in March, up from 8.3 percent in February and the highest since September’s 9 percent showing.

Still, the March unemployment rate was better than last year’s 10.1 percent figure.

Also, so far this year the region hasn’t recorded a double-digit unemployment rate. In 2013, the first quarter averaged 10.3 percent unemployment; this year,  the average is  8.5 percent.

The Mississippi Department of Employment Security said last week that the state’s unemployment rate rose to 7.6 percent, from 7.4 percent a month earlier. Last year, it was 9 percent.

The national unemployment rate was flat from February to March at 6.7 percent, but below the 7.5 percent level of March 2013.

State and national figures are adjusted to reflect seasonal changes, while county figures are not. On an unadjusted basis, the state rate was 7.9 percent in March, down from February’s 8 percent and last March’s 8.5 percent.

Lafayette County (5.8 percent) had the lowest rate in the region in March, good enough for fifth-best in the state. Union County (6.3) has the second-best rate in the region and 10th best statewide.

Clay County (17.2) had the highest unemployment rate in the region and second-highest in the state.

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