The state hits an unemployment rate of 4.6% in January 2022.
Last week, a state employment and unemployment report by the US Bureau of Labor Statistics showed ten states hit record unemployment rates in January 2022, including Mississippi.
The BLS report showed Nebraska and Utah had the lowest unemployment rates in the nation in January, but Mississippi, Arkansas, Georgia, Montana, Oklahoma and West Virginia had all set new records for the lowest unemployment rates since 1976.
In January 2021, Mississippi had an unemployment rate of 6.6% which fell sharply by 2 points to 4.6% in January 2022.
Unemployment rates were lower in 19 states and stable in 29 states. Forty-nine states and the District of Columbia recorded declines in the unemployment rate from a year earlier and one state was little changed.
The report states:
“Nebraska and Utah had the lowest unemployment rates in January, 2.2% each. The next lowest rates were in Indiana, 2.4%, and Kansas, 2.6%. Rates in these four states set new series lows, as did rates in the following six states (all state series begin in 1976): Arkansas (3.2%), Georgia (3.2% ), Mississippi (4.6 percent), Montana (2.7 percent), Oklahoma (2.7 percent) and West Virginia (4.1 percent).The District of Columbia had the highest unemployment rate, 6.3%, followed by New Mexico, 5.9%, and California, 5.8% A total of 18 states had unemployment rates below the US figure of 4 .0%, 14 states and the district had higher rates and 18 states had rates that were not significantly different from the nation.
The Hill reported that Mississippi, among several other states, is expected to surpass its pre-pandemic employment totals in the next two months. The group of states has only a few thousand fewer jobs than during the pandemic.
“Historic hiring spree continues in Mississippi,” Gov. Tate Reeves said on Twitter, sharing The Hill’s headline.
Historic hiring spree continues in Mississippi! https://t.co/KsRrVVKn1M pic.twitter.com/WONOp4P7MS
— Tate Reeves (@tatereeves) March 20, 2022
In a BLS Employment Situation Summary Report released on March 4, 2022, data showed that in February, total nonfarm payroll employment increased by 678,000 in February and the unemployment rate unemployment fell slightly to 3.8%.
“There is broad growth in the economy, with 1.2 million jobs added in 2022,” the US Department of Labor reported.
In February, the unemployment rate was 3.8% and we added 678,000 jobs. The economy is growing strongly, with 1.2 million jobs added in 2022. https://t.co/YhLEuaacSN pic.twitter.com/GUCoadrw2d
— US Department of Labor (@USDOL) March 4, 2022