Missouri’s unemployment rate in August dropped to its lowest level in 18 years, state officials announced this morning.
The state’s jobless rate moved down a tenth of a point to 3.3 percent from 3.4 percent in July and 3.5 percent in June. Missouri’s unemployment rate hasn’t been lower than 3.3 perent since February 2000, according to a news release.
During August, Missouri nonfarm payroll ranks rose by 1,000 jobs compared with July. Private-sector jobs, which increased by 2,700, led the way, according to the release.
Industry increases in professional and business services, up by 4,000 jobs, financial activities, up 1,100, and leisure and hospitality, also up 1,100, were partially offset by drops in trade, transportation and utilities, down 1,800, local government, down 1,600, and manufacturing, down 1,500.
With its latest unemployment rate, Missouri’s figure has been below the U.S. jobless rate — currently 3.9 percent — for 40 consecutive months, according to the release.
The first of SBJ's forums detailing Economic Growth Survey results is held.
Scott Shotts, partner with Missouri Spirits, says when they started in 2011 there were approximately 300 distilleries in the U.S. and now there are more than 3,000 so competition has grown significantly. Diversification of their business model has helped them succeed.
Matthew Blystone of Theta Float Spa had the financial means to start the unique business, but used crowdsourcing for pre-orders to determine market interest in addition to gathering a nice cash reserve before opening.
Avery Parrish with the Springfield Regional Arts Council explains how businesses can display local art in their spaces for a fraction of the price of investing in a permanent collection. The corporate partnership program allows a business to select from a customized portfolio of local artists' work curated based on the company's mission and aesthetic that can be switched out every six or 12 months.
After a year of experiential market research, Danny Collins, 37 North founder and guide, found three ways they plan to expand. Some were anticipated and others were not expected until they …
Inspirational speaker Chad Porter shares his story of turning a tragic accident that took him to the darkest depths into a rewarding career as a motivational speaker and business coach.
"For me success is...a little bit fleeting. Today's success and goal achieved only lasts about that long," says Curtis Millsap, owner of Millsap Farms. Look beyond the day-to-day financial achievements to the long-term victories.
Danny Collins, 37 North founder and guide, took his experience as an expedition manager for National Geographic Unique Lodge of the World in Ecuador to start his Ozarks based outdoor activity company. Since launching the company, he has relied on post-trip evaluations and prospective customer input to guide the course.
Jennifer Rothschild, author and speaker, says, "With the blessing of the success that we've experienced came something I did not expect, which was the need to lead. And, I am a reluctant leader." She realized that her ministry was managed very well, but the ministry's most valuable asset, the people, were not being led well. She gives you three choices she had to make as a reluctant leader. Jennifer Rothschild was one of nine leaders who presented at the 2018 Springfield Business Journal's 90 Ideas in 90 Minutes.
Miles Boyer, Office Manager for the Southern Region of the Builders’ Association, recognizes they are competing for their members' time. That means doing new and different thing are of value to guarantee that their members will participate in classes and events.
Ömer Önder, owner of Springfield Diner, learns the results of a customer survey conducted by Longitude LLC. Dustin Myers and Jeremy Wells, owners of the branding agency, inform Ömer that his customers are looking for a shift in his menu offerings. Made to Order is an ongoing sbjLive documentary series in collaboration with Springfield Business Journal tracking the rebranding of a local restaurant. See ongoing coverage at: sbj.net/madetoorder