Jobs Situation Marginally Improved Last Month

JACKSON, MS (Ben Caxton) — Mississippi’s job market improved modestly in September as payrolls grew slightly and unemployment ticked down. The jobless rate fell to 5.2 percent in September from 5.3 percent in August. A year ago the state’s unemployment rate was 5.7. Fewer people reported having jobs but even more quit the labor force as Mississippians without jobs decreased from 68,000 to 66,000. Mississippi’s jobless rate tied for fourth-highest among states, with Alaska worst at 7.2 percent. Nationally the rate fell to 4.2 percent in September from 4.4 percent in August. The separate payroll survey is the labor market indicator for economists. It rose slightly to a post-recession high of 1.15 million, about 8000 jobs above last year but almost 1 percent below the pre-recession peak. The U.S. Labor Department released figures Friday, adjusted to cancel out seasonal changes.

 

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