Missouri July unemployment falls below 7% as hospitality sees job gains

The unemployment rate in Missouri dropped again in July to 6.9%, according to a report from the Missouri Economic Research and Information Center. That’s down from June’s rate of 7.9%, but it’s more than double the July 2019 rate of 3.3%.

The national unemployment rate for July was 10.2%. Missouri’s unemployment rate has been less than or equal to the national rate for 65 consecutive months, the report said.

For the month of July, more than 210,000 people were unemployed in the state, a decrease of about 25,000 from the previous month. Total nonfarm employment was more than 2.7 million in July 2020, an increase of more than 52,000 from June.

The unemployment rate was steady at 3.5% in January and February 2020 before the COVID-19 outbreak started in March. The peak unemployment rate was 10.2% in April 2020 before slightly decreasing in May and continuing a downward trend since.

In July, about 8,300 jobs were created in goods-producing industries and 43,000 in service-providing industries in Missouri. One of the industries hit hardest by COVID-19, leisure and hospitality, added about 14,000 jobs in July.

Tags:, ,

Leave a Reply

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