Missouri unemployment rate declines slightly, remains historically high

Missouri’s unemployment rate dipped in May to 10.1%, down from 10.2 % in April, but it remained more than three times higher than in May 2019, according to data released Thursday by the Missouri Department of Economic Development.

Seasonally adjusted employment increased by 32,900 jobs for May as businesses began to partially reopen following two months of economic shutdown due to the COVID-19 pandemic. However, total employment in the state was down by 260,600 jobs compared to May 2019.

Kansas City increased non-farm employment by 11,800 jobs, while St. Louis added 11,100 jobs during the month of May, according to the Missouri Economic Research and Information Center.

Missouri’s jobless rate was steady at 3.5% during January and February 2020 before the coronavirus-induced spike began in March.


Tags:, , ,

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more