Mississippi Records New Low in Unemployment Rate, Governor Announces

Published 8:39 am Monday, January 8, 2024

Governor Tate Reeves revealed that Mississippi has reached a new record low in the state’s not seasonally adjusted unemployment rate. According to data from the Mississippi Department of Employment Security, the state achieved a historic low of 2.6% in November 2023.

“Records were made to be broken, and that’s what Mississippi continues to do,” stated Governor Tate Reeves. “With historic lows in unemployment, more Mississippians are working good jobs across the state. I’m proud of what we’ve accomplished together and look forward to keeping the momentum going in 2024.”

This new record low is part of a series of positive economic developments for Mississippi. The state has achieved an all-time low seasonally adjusted unemployment rate five times since March 2023. Mississippi has also been recognized as a top-five state for high-quality pre-K education. Furthermore, the state’s high school graduation rate has reached an all-time high, and Mississippi is leading the nation in fourth-grade reading and math gains. In 2023, Mississippi was acknowledged as a top-ten state for doing business.

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Adding to these successes, in 2022, Mississippi set a record in new private capital investment by finalizing over $6 billion in new economic development projects. This notable achievement includes the most significant economic development project in Mississippi’s history—a $2.5 billion investment expected to create 1,000 jobs with an average annual salary of nearly $100,000.

Governor Tate Reeves expressed pride in the state’s economic accomplishments, emphasizing the collaborative efforts that have contributed to Mississippi’s positive trajectory. As the state continues to break records and achieve new milestones, Governor Reeves remains optimistic about the economic outlook for Mississippi in the coming year.