57K new jobs created in Missouri over 12 months

Recent findings from the U.S. Bureau of Labor Statistics show Missouri tied for the largest significant unemployment rate decrease in the nation last month.

According to a news release, part of the credit for the decrease can be attributed to 57,100 new jobs for the state in the last 12 months – a figure that beat all eight of Missouri’s neighboring states.

“On my very first day in office, I pledged to turn Missouri’s economy around and create good jobs for working families across our state,” Gov. Jay Nixon said in the release. “Over the last eight years, we’ve cut our unemployment rate in half, revitalized our manufacturing industry and made Missouri an internationally recognized center of high-tech innovation and entrepreneurship.”

The BLS report found Missouri’s nonfarm payroll employment grew by 1,900 jobs in November, reaching a new record high for the state with 2.8 million jobs. The state’s unemployment rate for November also went down by four-tenths of a point to 4.7 percent.

In August, Missouri was named the sixth-best state in the nation for its annual advanced manufacturing industry job growth and the eighth-best state in the nation for output growth of its advanced manufacturing industry, according to a new report from the Brookings Institution.

According to the study, what emerges on the national level is a picture of progress and drift that shows momentum in the manufacturing sub-sector; a major slump in energy; and strong, widely distributed growth in high-tech services— all of which adds up to a somewhat narrowed map of growth overall.

Also notable from the study: growth came from a narrower set of automotive manufacturing and tech service industries in the last two years.

“In fact, just three auto industries and four digital services industries accounted for more than 60 percent of the nation’s advanced-sector growth over the time period,” according to the study.



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