Thursday, September 17, 2009

Missouri Department of Economic Development Releases Job Report Unemployment down tow-tenths of a percent

Missouri Department of Economic Development Release
JEFFERSON CITY– The Missouri unemployment rate increased by two-tenths of a point in August on a seasonally-adjusted basis, according to data released today by the Missouri Department of Economic Development (DED).

Missouri’s unemployment rate rose to 9.5 percent, as the state’s nonfarm payroll employment decreased by 6,700 jobs following a small increase in July. On a not-seasonally-adjusted basis, the rate was 9.4 percent. For comparison, the August U.S. unemployment rates were 9.7 seasonally-adjusted and 9.6 not-seasonally adjusted.

Durable goods manufacturing employment dropped by 3,500 for the month after an increase by the same amount in July, making employment for this industry category at approximately the same levels seen in May and June. Construction employment fell by 1,600, while administrative and support sectors shed 2,300 jobs. Leisure and hospitality employment was down by 1,400 as businesses in those sectors started to wind down summer employment earlier than usual. The major exceptions to the employment decreases were in health care and social assistance (+1,400) and local government, where an early beginning of the school year helped push employment up past 3,500.

In Missouri’s metropolitan areas, payroll employment was down in Kansas City and St. Louis but little changed in other areas. In the Kansas City area, small decreases were spread through a number of industries including government totaling approximately 3,200 jobs. In St. Louis, motor vehicle manufacturing and leisure and hospitality dominated the decreases, which totaled approximately 1,300 jobs.

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