Home » NEWS » Mississippi payrolls rise in July, but jobless rate ticks up

Mississippi payrolls rise in July, but jobless rate ticks up

Employers added workers to Mississippi payrolls in July, reversing three months of losses, but the jobless rate rose slightly.

Mississippi’s unemployment rate rose to 6 percent from 5.9 percent in June. That’s below July 2015’s 6.3 percent rate. The workforce and number of people reporting jobs fell, and the number of unemployed people was flat at 76,000.

Mississippi had June’s sixth-highest jobless rate among states, with Alaska worst at 6.7 percent. The nationwide jobless rate was 4.9 percent.

The separate payroll survey, used by many economists as their top labor market indicator, improved even as the worker survey worsened. Payrolls increased in July by 4,000 to 1.14 million, about 8,000 over July 2015 levels.

The U.S. Labor Department Friday released both sets of figures, adjusted to cancel out seasonal changes.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Associated Press

Leave a Reply

Your email address will not be published. Required fields are marked *

*