Unemployment charges, whereas considerably decrease than the alarming pandemic peak of 14.7% skilled in April 2020, stay a topic of concern, notably as economic experts bandy across the thought of a potential recession by 2023. The final financial recession—the Nice Recession of 2008-2010—despatched charges as much as 10% as of October 2009. It was not until the spring of 2019 that unemployment lastly went all the way down to the identical degree it sits at now.
As of August of this 12 months, nationwide unemployment is at 3.7%, 0.1% increased than in Might, marking a three-month stagnation—following a gradual drop since that aforementioned COVID-affected peak. Seasonally adjusted unemployment charges by state display a rather sizable spectrum, starting from simply 1.8% in Minnesota, to 4.5% in New Mexico and 5.2% within the District of Columbia. Additional breakdown by the U.S. Bureau of Labor Statistics reveals one more county-based spectrum inside every state.
To that finish, Stacker compiled an inventory of counties with the best unemployment fee in Mississippi utilizing information from the BLS. Counties are ranked by unemployment fee in July 2022, which as of this writing is probably the most present Bureau information.