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Unemployment rate remains at historic low

Photo Courtesy of Telesouth Communications Inc.

April’s unemployment numbers have been released, and Mississippi remains to see record lows.

According to the Mississippi Department of Employment Security, Mississippi’s unemployment rate in April 2018 was 4.6%, the second lowest level of unemployment ever recorded in Mississippi.

The rate has seen a significant drop since April 2017, when the rate was seven-tenths of a percentage point higher at 5.3%. The rate did increase by .1% since March.

The Labor Force, which is made up of everyone who has a job or is looking for a job, increased in April by 1,400 and now stands at 1,275,200. While this number increased over the month, the number is down by 7,100 from April 2017.

The number of people working in Mississippi rose in April by 500 to 1,217,000.  For the year since April 2017, employment in our state increased by 2,600.

The number of working Mississippians has increased, but so has the number of unemployed residents of the state. However, the rise does not seem to be a cause for concern as it increased by 900, up against a 9,700 person decrease over the past year.

The number of non-farm jobs in Mississippi edged downward by 1,100 in April to 1,164,500.  The April 2018 job figure is the second highest number of jobs ever recorded in Mississippi.

Over the year since April 2017, the number of jobs in our state increased by 14,900. These numbers are based on a survey of employers. That employer survey is recognized as the most reliable indicator of job growth.

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