Mitchell’s unemployment rate is above 5 percent for the first time in nearly a year, but a report with the data says employment fluctuations are a normal part of the economic recovery.
According to data released Friday morning by the state Department of Labor, the city’s February unemployment rate was 5.2 percent. That matches the unemployment rate from last March and is the highest rate since then. It’s the city’s third consecutive month of rising unemployment.
Mitchell was hit with a double dose of bad economic news Friday as the average gas price in the city hit $3.479 and the unemployment rate spiked to 4.9 percent.
The average gas price is about 20 cents higher than a week ago. The unemployment rate — which covers the month of January but was just released Friday — is up 0.8 percentage points from the previous month.
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