Missouri unemployment edges up to 4.3% in June

Missouri’s seasonally adjusted unemployment rose another percentage point in June, reaching 4.3%, according to state unemployment data released Wednesday. The slight increase in June matched that of the previous month.

Despite the rate inching up relative to May, June’s unemployment represented a significant year-over-year improvement from last June’s rate of 8.1%. Missouri employers have added 130,000 jobs in that span.

Missouri had a net gain of 4,200 nonfarm jobs in June. Major growth was seen in the service-providing industry, with 4,000 new jobs, and leisure and hospitality, with 1,600.

Large employers in Missouri like General Motors and Ford that have struggled with the global semiconductor shortage have been forced to close intermittently in recent months, contributing some to the state’s unemployment. Durable goods manufacturing — which includes vehicles — saw a loss of 1,300 jobs in June.

The financial activities industry also lost 1,200 jobs last month, and the educational and health services sector shed 900.


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

Learn more