Region’s jobless rate rises again

By NEMS Daily Journal

Rising for the second straight month, the unemployment rate in Northeast Mississippi increased in July; at the same time, it reached its highest point this year.
The jobless rate for the region hit 10.7 percent – four-tenths higher than June.
It’s the highest rate for the 16-county region since December, but well below last July’s 12.8 percent.
According to preliminary figures from the Mississippi Department of Employment Security, 198,790 people were employed in the region in July, while 24,010 were unemployed.
In June, 199,870 were employed, with 23,130 unemployed.
Statewide, the jobless rate in July was 9.1 percent, up from 8.8 percent a month earlier.
The state figures are based on seasonally adjusted data, which removes the effects of regular patterns such as holidays, opening and closing of school and other recurring events.
County numbers are released as unadjusted figures only.
On an unadjusted basis, the state’s unemployment rate was 10.1 percent.
The number of unemployed Mississippians rose to more than 121,000 from 118,000 in June, well below 147,000 from a year ago.
The national unemployment rate rose to 8.3 percent in July from 8.2 percent in June.
Only Lafayette County (9.1), Lee (9.7), Pontotoc (8.6) and Union (9.0) recorded jobless rates below 10 percent in July.
Clay County’s 18.9 percent rate was the highest in the state.
In July, the number of initial unemployment insurance claims was 12,465, compared to 12,041 a month earlier. More than $20.7 million was paid, compared to $16.3 million in June and nearly $19 million a year earlier.

Click video to hear audio