Mississippi unemployment rate drops for fourth consecutive month

The Magnolia State’s jobless rate now sits at 3.1%. Mississippi is one of nine to hit new record lows.

Mississippi’s unemployment rate has declined for the fourth consecutive month, dropping to 3.1% – another record low for the Magnolia State. It is one of nine states to hit new record lows rate in the U.S. and 25th in the nation.

The U.S. Bureau of Labor Statistics released its State Employment and Unemployment Summary on Friday showing that Mississippi was one of only 11 states to see a drop in its unemployment rate in June 2023.

Governor Tate Reeves called the news “an incredible accomplishment for Mississippi.”

“It goes to show just how much momentum our state has,” Reeves said in a statement. “Whether it’s education or the economy, Mississippi continues to set records and make history. Our conservative approach to managing Mississippi is working.”

The national unemployment currently stands at 3.6%. In total, 22 states had rates lower than the national average.

According to BLS, New Hampshire and South Dakota had the lowest jobless rate in the U.S., each at 1.8%. The next lowest rates were in Nebraska and Vermont with 1.9%.

Nevada has the nation’s highest unemployment rate at 5.4%

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CORRECTION: A previous version of this article listed Mississippi as having the 6th lowest unemployment rate in the nation. That stat was in error and has since been corrected above.