YOUR BUSINESS AUTHORITY

Springfield, MO

Missouri unemployment rate hits 17-year low

Posted online

The Show-Me State’s seasonally adjusted unemployment rate landed at a 17-year low in October, according to the Missouri Department of Economic Development.

Last month, the Missouri jobless rate was 3.5 percent, compared with 3.8 percent in September and 4.6 percent in October 2016, according to a news release.

During October, employers statewide added a net 1,000 nonfarm jobs.

The increase was led by:
    •    health care and social assistance, at 2,900 jobs;
    •    manufacturing, 2,400; and
    •    leisure and hospitality, 2,100.

Partially offsetting the improvements were 2,500 job losses in both retail trade and local government, according to the release.

According to the U.S. Bureau of Labor Statistics’ most recent data, the national unemployment rate was 4.1 percent in October and the Springfield metropolitan statistical area jobless rate was 2.9 percent in September. The BLS data is not seasonally adjusted.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Flip Side of Bitcoin: Cryptocurrency technologies maturing, finding place in business

The development of cryptocurrency software may leave a lasting effect in business.

Most Read
SBJ Live logo
MOST-WATCHED VIDEOS
Be Inspired - Stimulating Your Creativity

“I think that is probably one of the most important things you could do, is to keep up with the trends, but not get muddled in them and not get so sucked in that that is the only thing you do,” …

Best Advice - Live by Principles "We all want to build something, we all want to do something fun," says Tez Ward, a financial adviser with Morgan Stanley. "But then once it's built, we set it to the side and move on." Ward says the …
Demand Pull Inventory Control “We’re doing really complicated math, forecasting way in the spring, what we’re gonna need in inventory by what date,” says Shawn Askinosie, the Founder and CEO of Askinosie Chocolate. The …
Need to Focus Leads to Sale of Business “It’s been hard for me to choose. There is a point when I knew I needed to focus on one of these businesses,” says Elle Feldman, owner of Elle’s Patisserie and Lavare Spa (now rebranded as …
My Mentor - My Teammate in Life “He was a strong man of faith and courage and very wise - my biggest supporter in any endeavor in life,” says Tami North, Executive Director of the Rogersville Area Chamber of Commerce and one of …