County’s rate holds steadyBy DEMETRIUS THOMPSON AND STAFF REPORTS,
Newton County’s unemployment rate remained steady at 6.4 percent for July according to data from the Mississippi Department of Employment Security. The rate was also 6.4 percent for June. Newton County was ranked as the 34th lowest in the state, behind Tunica County.
The rate is two tenths of a percentage point lower than the previous two years when the rate was 6.6 percent for July. The rate for July is the lowest since 2007 when the jobless rate was 6.2 percent.
The seasonally adjusted unemployment rate for July was 5.2 percent. The state’s seasonally adjusted series reported an over the month increase of two-tenths of a percentage point from 5.0 in June.
When compared to one year ago, the rate was seven-tenths of a percentage point lower than the 5.9 percent reported for July 2016.
The nation’s seasonally adjusted unemployment rate at 4.3 percent decreased one-tenth of a percentage point over the month, and was six-tenths of a percentage point lower than the year ago rate of 4.9 percent.
In July, there were 1,800 more jobs in Mississippi than in June, according to the seasonally adjusted results from a survey of Mississippi employers. Over the year since July 2016, the number of nonfarm jobs increased 5,800. The last time there were more than the current 1,153,100 jobs in Mississippi was May 2008.
Seasonally adjusted data removes the effects of events that follow a more or less regular pattern each year such as the influences of weather, holidays, the opening and closing of schools, and other recurring seasonal events. These adjustments make it easier to observe the cyclical and other non-seasonal movements in a data series. Amounts are seasonally adjusted at the national and state levels only.
Mississippi’s not seasonally adjusted unemployment rate for July at 6.1 percent was un-changed over the month. When compared to the July 2016 rate of 6.4 percent, the rate decreased three-tenths of a percentage point.
The number of unemployed decreased 300 over the month, while the employed total decreased 2,100 from the prior month. The nation’s not seasonally adjusted unemployment rate for July at 4.6 percent was decreased one-tenth of a percentage point over the month, and five-tenths of a percentage point from a year ago.
Mississippi’s not seasonally adjusted nonfarm employment decreased 8,600 over the month but was 11,200 higher than one year ago. The government sector registered the largest monthly employment loss, while the trade, transportation and utilities sector had the largest monthly gain.
For the month of July, 30 counties in Mississippi posted unemployment rates less than or equal to the state’s rate of 6.1 percent. Rankin and Union Counties posted the lowest unemployment rate for the month of July at 4.1 percent followed by DeSoto County at 4.4 percent.
Jefferson County had the highest unemployment rate for July at 17.0 percent followed by Holmes County at 11.7 percent.