Mississippi News

Unemployment rate again reaches record low

The U.S. Bureau of Labor Statistics has announced that Mississippi’s unemployment rate reached a new record low of three percent in March 2024.

“This is another sign that Mississippi’s economy is firing on all cylinders,” said Gov. Tate Reeves. “We’re attracting record private sector investment and creating thousands of high-paying jobs for Mississippians. Mississippi has momentum and this is our time.”

Mississippi’s new all-time low unemployment rate is another major win for the state, Reeves said.

Just one month into 2024, Mississippi set a record for new private sector investment in a year when it finalized approximately $12 billion in new economic development projects. This includes the largest economic development project in Mississippi’s history, a $10 billion private sector investment by Amazon Web Services that will create 1,000 jobs.