Unemployment rate rising
Mississippi’s seasonally adjusted unemployment rate for July 2010 was 10.8 percent. The state’s seasonally adjusted series reported an over the month decrease of two-tenths of a percentage point from 11.0 in June.
When compared to one year ago, the rate was 1.1 percentage points higher than the 9.7 percent reported for July 2009. The Nation’s seasonally adjusted unemployment rate remained unchanged over the month at 9.5, but was one-tenth of a percentage point higher than the year ago rate of 9.4 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. These adjustments make it easier to observe the cyclical and other nonseasonal movements in a data series. Amounts are seasonally adjusted at the National and State levels only.