Mississippis not seasonally adjusted unemployment rate for December 2013 was 7.3 percent, decreasing three-tenths of a percentage point from the previous months rate of 7.6 percent, according to the December Labor Market Report from the Mississippi Department of Employment Security.
When compared to the December 2012 rate of 9.1 percent, the rate decreased 1.8 percentage points. The number of unemployed decreased 5,400 over the month, while the employed total decreased 7,800 from the prior month. The nations not seasonally adjusted unemployment rate for December 2013 at 6.5 percent was down one-tenth of a percentage point over the month, and was 1.1 percentage points below the year ago rate of 7.6 percent.
Mississippis not seasonally adjusted nonfarm employment decreased 1,500 over the month but was 19,100 higher than one year ago. Industry sectors registering the largest monthly employment losses were government; and leisure and hospitality.
For the month of December 2013, 26 counties in Mississippi posted unemployment rates less than the states rate of 7.3 percent. DeSoto and Rankin counties posted the lowest unemployment rate for the month of December at 4.5 percent. Clay County had the highest unemployment rate for December at 15.6 percent followed by Holmes County at 14.4 percent.
Across South Mississippis 10 counties, the labor force dropped by 3,530 over the month while the number of employed declined by only 2,530, dropping the unemployment rate from 7.7 percent in November to 7.3 percent in December. Compared to one year ago, the number employed declined by 10,650 but the labor force declined by 17,440, thereby dropping the unemployment rate from 9.0 percent in December 2012 to 7.0 percent in December 2013. Employment gains over the year were in leisure and hospitality and transportation and utilities, while losses occurred in government and manufacturing sectors.
Along the three Mississippi Coast counties, a loss of 300 leisure and hospitality sector jobs was offset by an increase of 300 retail jobs and 100 manufacturing jobs in December, but losses in government, construction and other sectors netted a loss over the month; compared to last year, leisure and hospitality and construction (in Jackson County) employment are up by 1,000 employed and retail is up 300 jobs, while most other sectors are down. Jackson Countys construction gains are primarily supported by the $1.4 billion construction at Chevron.
The seasonally adjusted unemployment rate for December 2013 was 8.0 percent. The states seasonally adjusted series reported an over the month decrease of three-tenths of a percentage point from 8.3 in November. The rate decreased nine-tenths of a percentage point when compared to December 2012. The nations seasonally adjusted unemployment rate decreased three-tenths of a percentage point over the month from 7.0 to 6.7 percent, and was 1.2 percentage points lower than the year ago rate of 7.9 percent.
In December 2013, there were 500 more jobs in Mississippi than in November 2013, and 18,900 more than December 2012, according to the seasonally adjusted results from a survey of Mississippi employers.
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 nonseasonal movements in a data series. Amounts are seasonally adjusted at the national and state levels only.