Sunday, May 19, 2024

State Unemployment Drops to Record 2.8%

 Governor Tate Reeves issued the following statement. 

The U.S. Bureau of Labor Statistics announced that Mississippi’s unemployment rate reached a new record low of 2.8% in April 2024.

“If you want to work, there’s a job for you in Mississippi,” said Governor Tate Reeves. “We have record-shattering private sector investment and thousands of new high-paying jobs coming to our state, which is helping to drive down unemployment to record lows. I’m incredibly proud of all the hardworking Mississippians across the state for making this possible. This is another major win for Mississippi.”

Mississippi’s new all-time low unemployment rate is another major win for the state. Mississippi was recognized as one of the top five states for high-quality pre-K. Mississippi’s high school graduation rate is currently at an all-time high and better than the national average, and the state led the nation in fourth grade reading and math gains.

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.

Kingfish note: Unfortunately, the state's labor participation rate remains at a record low.  The Federal Reserve (St. Louis) reports it was only 53.9% in April although it has risen one-half percent since January.  


Anonymous said...

Why would anyone want to work? Work is exploitative. Parasitic landlords don’t deserve passive income from the fruits of my labor. Nope, I decided long ago there is no point in earning a dime so some boss can earn a dollar. Besides, the boomers exported the good jobs to pad their retirement funds. Now they are importing cheap foreign labor the jobs that can’t be exported.

Sol Juette said...

Figures don't lie, but liars will figure..

Anonymous said...

He uses statistics as a drunken man uses lamp-posts... For support rather
than illumination."
- Andrew Lang (1844-1912)

Anonymous said...

Governors making press releases like this think they are bragging. In reality they are telling every single company or manufacturer that might be looking to come to Mississippi that they should look elsewhere. There are no people here to fill the jobs you need filled.

Anonymous said...

Tater is running for CHS senate seat next election cycle.

Anonymous said...

Too many people lying on the couch all day getting their news from ABC’s The View. Not just in Mississippi, but all over the country. Cut off their government benefits, and they would have to go to work to eat. But then the Democrats wouldn’t have their government slaves anymore.

Anonymous said...

As usual the messenger shooters crawl out from their holes to display their hate for Reeves.

Krusatyr said...

Employment/Unemployment Rate is meaningless without context of those seeking work and those not.

I quit giving it any respect about 25 years ago.
Uncle Sugar pays bums to be a sidelined loaf, wasting the gift of life to suckle thin gray milk off the government teat.

Anonymous said...

KF spot on with the participation rate comment….plus data centers don’t employ lots of people and they are low paying jobs. Legalization of marijuana and AI perfect…. Perfect timing.

Anonymous said...

4:00 makes an excellent observation. And most of the cities west of I-55, and especially Jackson, do not have viable metrics for sustainable economies (income, education, health care services, job opportunities, business climate, etc.

Anonymous said...

I guess it will be hard to blame a "bad" economy on Biden now.

Anonymous said...

May 19, 2024 at 3:41 PM
You should look up what the CHIPS act does. The next couple decades are going to be reshoring. But this attitude is exactly why Mississippi will remain last so long as a sizeable minority keeps this stupid idea alive. Look I'm not a Biden fan by any means but the CHIPs act is what the US has needed after 40 years of off shoring jobs.

Anonymous said...

Labor force participation rate in MS has also been declining, which helps the reported unemployment rate %.

Anonymous said...

I absolutely do not believe this!!!

Anonymous said...

I went to jr college and finished about 3 years ago. I have not had a job since I finished, but the govt is paying me every month.

Anonymous said...

"And most of the cities west of I-55, and especially Jackson, do not have viable metrics for sustainable economies (income, education, health care services, job opportunities, business climate, etc. "

I live in Annandale (Madison) and I'm pretty sure we are west of I-55. It seems pretty nice here.

Anonymous said...

"I guess it will be hard to blame a "bad" economy on Biden now."

Someone else is in charge and to blame? Please enlighten us, O wise one......

Anonymous said...

Tate is acting as if that’s a good thing. Nobody is looking for work. And that’s a good thing?

Anonymous said...

The labor force participation rate is utterly meaningless, but talking heads and others have grabbed-hold of that statistic as if it defines the state in comparison to other states.

There is no way in hell to arrive at the numbers since the data is made up from a small telephone sampling. And if the numbers WERE accurate, they still have no meaning.

Anonymous said...

3:41pm Please go back to Columbia and talk about your love of Hamas. I bet you wear those rounded glasses and tell people what your pronouns are. This country rewards those who take risk and innovate. If that ain't your bag, welcome to the 9 to 5.

7:31pm I came here to say this. Low unemployment means nothing in a state with a Nation leading labor non-participation rate. The real challenge is to address this ugly data point instead of trying to trick us with lies, damn lies, and statistics. Ri the bandaid off. Cut on the lights and watch the roaches scatter!

8:23pm You do know you are part of the 2.8%, right?

Anonymous said...

3:41 PM, we see you gobblied up the “everything that’s wrong in America is the boomer generation’s fault” propaganda and received your indoctrination diploma. Congrats on taking the bait.

While many if not most boomers do deserve blame for raising a bunch of gullible wimps that are more than willing to believe any crock of HS the propaganda puppeteers run up their flag poles, LBJ, as just one example, was born many decades too early to be called a boomer.

As another example, the DEI Prez would have lost Indiana and North Carolina in 2008 if not for the under the age of 30 voters, and who knows which other states if not for the many younger “enthusiastic campaign volunteers” (it was “so cool!”).

But, 3:41 PM, you and the others looking for some “phantom someone” to blame should keep on taking that bait. The propaganda puppeteers really appreciate you!

Anonymous said...

Three statisticians go deer hunting with bows. They see a giant buck in the woods. Statistician #1 fires his arrow--it goes 10 yards to the left. Statistician #2 fires his arrow--it goes 10 yards to the right. Statistician #3 throws down his bow and yells, "We got it!"

Anonymous said...

Tater has a degree in economics. Bwa ha ha.

Anonymous said...

8:00 AM- From Millsaps too!

Anonymous said...

In growth, Mississippi is 36th of the 50 states in the last 5 years.

In the 3rd quarter of 2023 growth was .8% which was an improvement from -1.8% in the second quarter.

It's pretty sad when North Dakota and Wyoming had over 5% growth.

Utah and Idaho have a better economic outlook and if you've been to either place, that's hard to understand.

But, look geez people who believe Donald Trump is not only sane but also ordained by God, that the 2020 election was stolen,that Hannity( who couldn't manage to get out of college) is a genius, and Putin is actually a good guy, will believe anything.

Anonymous said...

Unemployment rates, employment rates, labor force participation rates, re-employment, new jobs, new hires, jobs created, dropped out of labor force, under-employed....All of these data are based entirely on guestimates, estimates, surveys, perceived trends, forced government reporting and, lastly...revisions each month to the prior figures.

I'm not guessing or pointing fingers or speaking out of school. Worked in that arena for three decades.

Statisticians gave us this: If a woman has her head in a 400 degree oven and her feet in a tub of ice water, on average...she is comfortable.

Anonymous said...

30 years of total Republican control in the statehouse.

Must be the Dems fault.

Anonymous said...

May 20, 2024 at 9:48 AM, what I believe is your obsession with Trump has become detrimental to your ability to be rational. Counseling is strongly encouraged.

Anonymous said...

@ 10:31 - Even in the best of times, it's not easy to overcome 150 years of democrat control.

Anonymous said...

Most important part of the gov’s statement is “those that want to work” you got to have a population that wants to work for the numbers to mean anything. These folks have figured out that the difference in earnings between working blue collar job and being on government assistance is only a few thousand dollars. Why work? The government pays you not to work.

Anonymous said...

The unemployment could drop to 0% and the same people would still not be working.

Room317MetropolHotel said...

If you're unskilled and you get a job at a fast food restaurant or other job that does not require skills, I can guarantee you that these three things will happen:
1. You will be paid every two weeks, not every week
2. You will be allowed to work 30, maybe 32 hours a week, and
3. You will make $10/hour.

I understand # 2 because the federal law is such that if the employee works over a certain threshold, they must be offered benefits. Don't like it, but understand it.

I also understand $10/hour because supply and demand is what it is.

For the life of me, I cannot understand # 1. Someone coming to work at a business that meets these conditions does not have two weeks' worth of cash reserves in order to wait until the first check is paid. I'm ok with going a week in the hole, but not two - or even more, depending on when you started work and when the pay period ends.

Things like this are a deterrent to people working.

Recent Comments

Search Jackson Jambalaya

Subscribe to JJ's Youtube channel


Trollfest '09

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.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).

Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.

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.

Note: Security provided by INS.

Trollfest '07

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.

Note: Security provided by INS