Mississippi employer payrolls set new record high in May
The Associated Press
June 24, 2019 10:42 AM
Preliminary data show Mississippi’s employers had more people on the payroll than ever before in May.
Payrolls — which are economists top labor market indicators — rose from 1.15 million people in April to 1.17 million people last month.
A separate survey of households was less positive, with Mississippi’s jobless rate rising to 5% from 4.9% in April. That’s also above May 2018’s 4.8%.
The number of people who reported having a job rose, but more slowly than the number of job seekers. The number of unemployed people in Mississippi rose slightly, to almost 63,000.
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May’s U.S. unemployment rate was level at 3.6% from April. That’s the lowest nationwide rate since 1969.
The U.S. Labor Department released figures Friday, adjusted to cancel out seasonal changes.