Missouri’s unemployment rate fell to 3.5% in October 2017 according to the DED Jobs Report
JEFFERSON CITY, MO/November 15, 2017 (STL.News) – Missouri’s unemployment rate fell to 3.5 percent in October, while total nonfarm payroll employment increased by 1,000 jobs, on a seasonally adjusted basis.
This is the lowest seasonally adjusted unemployment rate since July 2000. In October 2016, the rate was 4.6 percent. For comparison, the national rate in October 2017 was 4.1 percent.
Missouri’s seasonally adjusted rate has been below the comparable national rate for 31 consecutive months.
With reported government employment down by 3,500 in October, that leaves employment at private (non-government) employers up by 4,500 for October. Manufacturing employment grew by 2,400. Health care & social assistance employment increased by 2,900, while leisure & hospitality employers added 2,100 jobs.
These gains were partly offset by decreases of 2,500 in both retail trade and local government.
Over the past year, Missouri nonfarm payroll employment is up by 30,700 jobs, a gain of 1.1 percent. Most industries reported growth over the year. The larger increases were in:
-accommodation & food services (+11,400);
-professional, scientific & technical services (+8,700);
-health care & social assistance (+6,300); and
-financial activities (+5,700).
For the full labor report featuring industries that experienced employment gains and losses over the month click here.