Jobless Rates Spike Amid Pandemic - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 27, 2020 Newswires
Share
Share
Post
Email

Jobless Rates Spike Amid Pandemic

Daily Corinthian, The (MS)

It could be worse.

The dire labor force report for April issued Tuesday by the Mississippi Department of Employment Security included an unemployment rate of 13.2 percent for Alcorn County, up from 4.2 percent in March and 4.1 percent a year ago. All of the northeast corner counties fared worse, however, with rates going over 20 percent in Lee, Union, Itawamba and Pontotoc counties.

"Many of our largest employers have been on the essential business list, and that has been an advantage for us," said The Alliance President Clayton Stanley.

One that was not on the essential list – Corinthian Furniture – kept some of its people employed in the manufacture of personal protective equipment.

But for residents who are affected by loss of employment related to the pandemic, it is "a huge dilemma that we're quite concerned about," said Stanley.

Alcorn County saw 1,604 first-time claims for unemployment insurance in April, compared to 37 a year ago. Continued claims numbered 4,611, up from 181 a year ago. Claims began to spike in March, with 683 first-time claims and 409 continued claims.

Stanley said The Alliance tried to be as responsive and informative as possible during the shutdown but will have a big role to play in the economic restart.

"There was little we could do to prevent the layoffs, but we have great opportunity and responsibility to get people re-employed," he said.

Alcorn County had 1,960 categorized as unemployed for the month, compared to 670 in March and 660 in April 2019. The number counted as employed was 12,860, compared to 15,500 in March and in April 2019.

Among neighboring counties, Tishomingo County had a jobless rate of 15.8 percent; Prentiss County, 17.5 percent; and Tippah County, 19.5 percent. Alcorn County ranked 35th among the 82 counties; Tishomingo, 52nd; Prentiss, 65th; and Tippah, 68th. Mississippi's rate was 15.6 percent, rising from 4.8 percent in March, and the U.S. rate was 14.4 percent, rising from 4.5 percent in March in not seasonally adjusted numbers.

Rates across the state ranged from 7.6 percent in Smith County to 31.7 percent in Tunica County, which was hard hit by the casino industry shutdown during the state's sheltering order.

The state lost 113,400 non-farm jobs over the month and 119,800 over the year. The number of unemployed increased 125,500 over the month, while the number employed decreased 202,200 over the month.

State Economist Darrin Webb presented his economic outlook to the Mississippi Senate on Tuesday, forecasting a long recovery from what he expects to be a short recession. Webb expects conditions to begin to improve in the third quarter as the economy restarts, continuing into 2021-22. Full recovery could come by 2023, he said.

"The damage is very deep," Gov. Tate Reeves said in Tuesday's daily briefing. "We know that we have a long road ahead."

Older

Interest Rates May Help Job Market

Newer

New Mexico Studies Single-Payer Care Amid Pandemic

Advisor News

  • SEC nears settlement with accused scammer Tai Lopez
  • The 3 things that shrink your Social Security income
  • Proposed legislation takes aim at Social Security shortfall
  • The overlooked retirement security risk that must be addressed
  • What advisors should know about hedge funds in retirement planning
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Highlighted for Surprising Price Action
  • Trademark Application for “EMPOWER YOUR MONEY” Filed by Empower Annuity Insurance Company of America: Empower Annuity Insurance Company of America
  • Built-in guaranteed annuities: What advisors should know
  • Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
  • Why job boards are failing insurance agencies
More Annuity News

Health/Employee Benefits News

  • An Application for the Trademark “THE HARTFORD” Has Been Filed by Hartford Fire Insurance Company: Hartford Fire Insurance Company
  • Data on Colon Cancer Reported by Researchers at Tokyo University of Science (Association between Low-Dose Aspirin Use and Colorectal Cancer Incidence Using Japanese Large-Scale Health Insurance Claims Data): Oncology – Colon Cancer
  • Research Conducted at University of Queensland Has Provided New Information about Disability and Health (Vertical and Horizontal Equity In Support for Children With Disabilities: a Cross-sectional Analysis of Australia’s National Disability …): Health and Medicine – Disability and Health
  • Pennsylvanians are dropping health coverage through Pennie, citing higher plan costs as the number one reason
  • Public worker health plans poised for another year of premium hikes
More Health/Employee Benefits News

Life Insurance News

  • AM Best Revises Outlooks to Stable for Missouri Farm Bureau Group’s Members and Farm Bureau Life Insurance Company of Missouri
  • Globe Life Inc. (NYSE: GL) Highlighted for Surprising Price Action
  • AM Best Assigns Credit Ratings to China Ping An Insurance (Hong Kong) Company Limited
  • Reliance Matrix Expands Employee Navigator Integration with New Evidence of Insurability (EOI) API Enhancement
  • How AI is changing the insurance claims process and what it means for accident victims
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet