Mississippi News

Record low for not seasonally adjusted unemployment rate

Mississippi reached a new record low in the state’s not seasonally adjusted unemployment rate in November. The state level was 2.6 percent for the month, according to the Mississippi Department of Employment Security.

“Records were made to be broken, and that’s what Mississippi continues to do,” said Gov. Tate Reeves. “With historic lows in unemployment, more Mississippians are working good jobs across the state. We look forward to keeping the momentum going in 2024.”

The state has hit an all-time low seasonally adjusted unemployment rate five times since March 2023.

Among the past year achievements, Mississippi was recognized as a top 10 state for doing business.

In 2022, Mississippi set a record in new private capital investment when it finalized over $6 billion in new economic development projects. This includes the largest economic development project in Mississippi’s history, a $2.5 billion investment that will create 1,000 jobs with an average annual salary of almost $100,000.

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