Friday, June 16, 2023

Mississippi Unemployment Reaches New Low

 Governor Tate Reeves issued the following statement. 

The U.S. Bureau of Labor Statistics today announced that Mississippi’s unemployment rate reached a new record low in May 2023. May’s 3.2% unemployment rate marks the third consecutive month that Mississippi set a new record low.

“Mississippi has done it again,” said Governor Tate Reeves. “Mississippi’s unemployment rate is at an all-time low because we’re making record investment in Mississippians and creating thousands of high-paying jobs around the state. Whether it’s in education or economic development, Mississippi is rising up the ranks. Our state is growing stronger every day and we have momentum.”

On top of the all-time low unemployment rate, Mississippi is finding success on multiple fronts. Recently, Mississippi has garnered national attention for its historic academic achievement in fourth-grade reading. Additionally, high school graduation rates are at an all-time high and above the national average.

Last year, Mississippi finalized a record $6 billion in new economic development. This included 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 nearly $100,000. Earlier this week, Governor Reeves announced that the state of Mississippi was again honored with a Silver Shovel Award by Area Development magazine for economic development excellence. Since 2019, per capita personal income in Mississippi has risen by over $8,100 or almost 21%.


13 comments:

Anonymous said...

Because so many have dropped out of the labor pool. Labor participation here is the lowest in the country. Do a press release about that.

Anonymous said...

Those are Presley voters who have dropped out of the labor force. And you think his promises of more freebies, handouts, and feel good shit he can't deliver is going to stimulate them to jump back in? Get real.

Anonymous said...

Thanks to economic policies from the Biden administration, Mississippis economy, along with the rest of the nation, is now crushing it.

Fixed

Anonymous said...

this isn’t something to brag about. You’re really telling any company that is looking to do business in Mississippi that they will struggle to find workers

Anonymous said...

Did Tater say 'good paying jobs'? Kingfish won't delve into the labor force participation rate because he doesn't understand it. Maybe he can bootleg off something the State Auditor says and go from there.

Nobody is taking a 'good paying job' unless they're simply switching from a job they already have. Even Tater knows that.

Anonymous said...

Reeves makes an occasional hollow political boast but he deserves another term for his leadership. Lil Choke is the albatross around his neck and Reeves has finessed the Jxn mayor's rank incompetency as politely and effectively as humanly possible.

Jackson must take responsibility for the punk it put in office and change leadership so good businesses and worthy residents are not scared off.

Anonymous said...

Tate didn’t take credit for unemployment rising under his watch but somehow is now responsible when it stops. Political hack like the rest of them.

Anonymous said...

@ 5:22 - Businesses bringing quality jobs don't hope to hire the unemployed. The goal, as always, is to entice employed people (with work backgrounds) to join the new business. And you do that by offering competitive salary and benefits.

Anonymous said...

Two comments:

1. As others have noted, the labor force participation rate is way down, in Mississippi and nationally. Those who care should look into the various U numbers and particularly note U-3 vs. U-6, and compare to the LFPR (CIVPART) since the 1980s. There are benign reasons for the drop such as aging and retiring "Boomers" (but not economically or financially benign - see PERS and other pension funds as one example), but cherry-picking numbers is typical pol bullshit. Which brings us to the next comment.

2. Tater, like most other pols and those who write releases for them, doesn't have enough hands to wield another shovel. One wonders if anyone at "Area Development" considered the optics of using their own shovel to award one?

Anonymous said...

I like your knowledge of acronyms, but you lost me at shovels.

PS: Aging and retiring 'boomers' has no more to do with the labor force participation rate (LFPR) than agricultural employment and family farm members exempted from DOL FLSA.

PS: Cute that you threw in a reference to PERS.

Don Drane said...

@ 3:21...You don't know that. Nobody knows the true number who have 'dropped out', if there is such a number.

Such numbers are equally as meaningless as the 'average number of breaths taken by a group of people over the last three days'. First, the number can't be accurately derived and second, even if it could be, the number is meaningless.

Of course if you compare the average number of breaths taken in Mississippi with the Arkansas number, you've got to find great value in that, right? Only eggheads on government payrolls (and consultants) find value in such minutia.

Numbers dropping out of the labor force are pure guesswork based on hoodoo calculations, small household surveys, estimates, and guestimates.

Meanwhile - Here's just one example of government created confusion:

“Labor Force Participation Rate is the number of people in the labor force as a percentage of the civilian noninstitutional population...the participation rate is the percentage of the population that is either working or actively looking for work.”

So, while Mississippi touts itself as a great place to retire, where benefits aren't taxed...at the same time, we moan and wail when the LFPR is negatively affected by retirees who lower that (meaningless) calculation. If 5000 retirees move to Mississippi next year, the LFPR will plunge even lower. So What?

Most who say they utilize such estimates to make business decisions have no idea how the numbers are derived.

Anonymous said...

6:10, gauging our workforce participation rate is not as hard as you make it out to be. Just drive through a Jackson.

Anonymous said...

11:10 - In order to drop out of the labor force, one must have first been part of it. So, your point is not valid. Sorry.


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Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

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In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.


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Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

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