The Mississippi Department of Employment Security has released their latest unemployment numbers for the month of May.
Last month’s unemployment rate was recorded at 4.7% which is the third lowest level of unemployment ever recorded in Mississippi.
That is just slightly higher than the 4.5% record that was set back in March of 2017. The numbers are based on a survey of employers and is recognized as the most reliable indicator of job growth.
The Labor Force, which is made up of everyone who has a job or is looking for a job, increased in May by 2,900 to 1,278,200. Since May 2017, the Labor Force fell by 3,500.
The number of people working in Mississippi rose in May by 1,600 to 1,218,700. In the past year, employment in the state increased by 4,300 and \while the number of unemployed Mississippians increased by 1,300 in May to 59,500, the number of unemployed Mississippians decreased by 7,800.
