Jobless rate rises, but streak continues

news_economic_greenDaily Journal

The unemployment rate for Northeast Mississippi increased for the second consecutive month in June to its highest level since September.

Nevertheless, the region recorded its 12th consecutive month with unemployment under 10 percent, the longest stretch since 2008, prior to the recession taking hold.

Estimates provided by the Mississippi Department of Employment Security show a collective 9.2 percent jobless rate for the 16 counties making up the region, compared to a revised 8.4 percent rate in May.

The June 2013 unemployment rate was 10.4 percent.

It should be noted that individual county labor data is not adjusted to account for seasonal changes – such as school and holidays – while state and national numbers are.

For the first six months of the year, unemployment is running 8.3 percent for the region. In the first half of 2013, the figure was 9.9 percent.

MDES estimates 193,600 employed across Northeast Mississippi in June, with 19,960 unemployed.

With the exception of Marshall County, every county in the region posted higher jobless rates than a month earlier.

Six counties climbed into double-digit unemployment rates, none higher than Clay County’s 18.1 percent, which also was the state’s highest.

Union County (6.9) and Alcorn County (7.3) posted the lowest rates in the region, which put them among the top 10 lowest in the state. and Lafayette County was close behind at 7.4 percent.

Statewide, the seasonally adjusted unemployment rate for June was 7.9 percent, up from 7.7 percent in May. The June 2013 rate was 8.7 percent.

The national jobless rate for June was 6.1 percent, down from 6.3 percent a month earlier and 7.5 percent a year ago.