Connect with us

The Center Square

Mississippi unemployment rate holds steady at record low 2.8% | Mississippi

Published

on

www.thecentersquare.com – By Steve Wilson | The Center Square – 2024-07-24 10:12:00

(The Center Square) – Federal data shows Mississippi’s unemployment rate remained at a record low 2.8% in June for the third consecutive month.

That is an improvement over June 2023, when the rate was 3.1%. The national unemployment rate in June was 4.1%. 

The number of unemployed grew from 35,600 to 47,100. Initial unemployment claims were down from 6,338 in May to 5,652 in June. Continuing claims increased from 27,799 in May to 37,506 in June, as benefits paid grew from $4.06 million in May to nearly $5 million in June. 

The state’s labor force participation rate also climbed for a third month, improving slightly from 53.8% in May to 54% in June. That trails the national average of 62.6%, according to the federal Bureau of Labor Statistics.

In June, there were nearly 1.19 million jobs in Mississippi, with a decrease of 3,000 nonfarm positions in June, but a gain of 7,300 jobs for the year so far. According to data from the Mississippi Department of Employment Security, the private education and health care services sector had the largest job losses in June. 

Thirty-one counties in Mississippi posted unemployment rates either less than or equal to the state’s unadjusted rate of 3.7%, which was lower than the national average (4.3%).

Union County was 2.5% and followed by Rankin County (2.7%) and Lafayette County in northern Mississippi (2.8%).

The highest unemployment rate was in Jefferson County in southwest Mississippi at 14.9%, followed by neighboring Claiborne County at 9.3% and tiny Issaquena County at 8.6%. 

Among the state’s most populated counties, DeSoto County in the Memphis metro area had an unadjusted rate of 3.4%. In the Jackson metro, Madison County was at 3% while Hinds County was at 3.7%.

In Hattiesburg, Lamar County had an unadjusted rate of 3% while Forrest was at 3.5%. 

In the three-county coastal region, Harrison County was 3.4% with neighboring counties Jackson and Hancock each 3.8%. 

According to the monthly report, “historically, Mississippi’s unemployment rate has increased from May to June as the full impact of students entering the labor force occurs.” The seasonally unadjusted unemployment rate grew from 2.9% in May to 3.7% in June. 

Read More

The post Mississippi unemployment rate holds steady at record low 2.8% | Mississippi appeared first on www.thecentersquare.com

News from the South - Louisiana News Feed

Louisiana officials provide updates following historic winter storm | Louisiana

Published

on

www.thecentersquare.com – By Nolan McKendry | The Center Square – 2025-01-22 16:20:00

SUMMARY: Louisiana Governor Jeff Landry held a news briefing to address the severe winter storm impacting the state, which has resulted in historic snowfall of up to 12 inches and subfreezing temperatures. This storm is the most significant in over a century for South Louisiana. Officials praised the Department of Transportation and Development for their round-the-clock road clearing efforts, although many routes remain closed due to hazardous conditions. Residents are advised to avoid unnecessary travel, monitor real-time road updates, and exercise caution with heating sources to prevent fires. Fortunately, no fatalities have been reported despite over 100 weather-related incidents.

Read the full article

The post Louisiana officials provide updates following historic winter storm | Louisiana appeared first on www.thecentersquare.com

Continue Reading

News from the South - Georgia News Feed

Georgia lawmakers looking to address House Bill 581 opt-out | Georgia

Published

on

www.thecentersquare.com – By Kim Jarrett | The Center Square – 2025-01-22 14:21:00

SUMMARY: Georgia lawmakers are considering legislation to address local governments opting out of House Bill 581, which freezes property assessments at the rate of inflation. The bill was approved by 63% of voters in November, but some entities, including Oglethorpe and Gwinnett counties, have opted out, citing reasons like maintaining educational services or local homestead exemptions. Local governments must hold public hearings to file their intent to opt out by March 1. Critics, like the Tax Foundation, warn the bill could negatively impact the housing market by discouraging homeowners from selling and complicating new construction. Some governments are still deciding.

Read the full article

The post Georgia lawmakers looking to address House Bill 581 opt-out | Georgia appeared first on www.thecentersquare.com

Continue Reading

News from the South - Louisiana News Feed

Potential offshore wind energy revenues rendered moot by Trump memorandum | Louisiana

Published

on

www.thecentersquare.com – By Nolan McKendry | The Center Square – 2025-01-22 12:18:00

SUMMARY: Louisiana may lose revenue from a recently passed constitutional amendment related to offshore wind and renewable energy royalties due to President Trump’s memorandum halting new wind energy leasing on the Outer Continental Shelf and pausing federal approvals for existing projects. This scrutiny extends to existing leases, beginning with the Lava Ridge Wind Project, which faces reevaluation. Wind energy is criticized for hidden environmental costs, reliability issues, and the extensive resources required compared to fossil fuels. With U.S. Department of the Interior plans for Gulf of America offshore wind leasing rights, Trump’s order threatens these developments, stalling progress on potential projects.

Read the full article

The post Potential offshore wind energy revenues rendered moot by Trump memorandum | Louisiana appeared first on www.thecentersquare.com

Continue Reading

Trending