Unemployment rate down slightly to 5.8 percent


Putnam County's unemployment rate dropped from 3.2 percent in September to 3 percent in October.

At the same time, the state's labor force decreased by 7,789 people (-2.6 percent) from October of previous year. In September the unemployment rate was 3.4 percent and it dropped in October to 3.3 percent.

The counties with unemployment at three percent or less included Hampshire (3.0), Doddridge (2.9), Pendleton (2.7) and Jefferson (2.6). The change reflects a decline in the Teton County workforce of 1,143 workers.

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Lane County had predictable seasonal jobs losses from September to October. However, the number of people who were employed increased 200, bringing the labor force to 48,000.

Oktibbeha County continues to lead the way for the Golden Triangle area and surrounding counties, which reported unemployment rates including: Lowndes (4.8 percent), Clay (6.1 percent), Choctaw (4.3 percent), Webster (4.7 percent), Chickasaw (4.9 percent), Winston (5.3 percent) and Noxubee (6.4 percent). In October, 6,125 residents seeking work did not have jobs, a 24.3 percent reduction from almost 8,100 residents in October 2016. State government had 400 fewer jobs year over year while nondurable goods manufacturing had 100 fewer jobs.

In comparison to one year ago unemployment has dropped significantly.

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Statewide, the October unemployment rate fell from 4.8 percent a year ago to 4.6 percent, and nationwide, the rate fell from 4.7 percent to 3.9 percent.

Seasonally-adjusted data removes the effects of events that follow a more or less regular pattern each year such as the influences of weather, holidays, the opening and closing of schools and other recurring seasonal events. The civilian labor force dropped by 300 to 89,600.

Manufacturing was up 400 jobs, or 2.9 percent, from October 2016 to October 2017.

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Looking at the entire state, October unemployment rates decreased in four counties, remained the same in seven counties and increased in 84 counties. Carroll County's was the same at 5.2 percent.