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Dept. of Economic Development
releases October 2016 Jobs Report
Substantial growth and a historic milestone highlight Missouri's job report for October 2016.
According to seasonally adjusted data released today by the Missouri
Department of Economic Development, Missouri’s nonfarm payroll employment grew
by 9,300 jobs in October, reaching a new record high for the state with
2,838,500 jobs. The month’s employment increase was on top of the jobs gained
in September; the increase from August to September was revised upward to
10,100 from the original estimate of 6,700. In the last twelve months, Missouri
has gained 50,900 jobs.
 The state’s unemployment rate for October also edged down to 5.1 percent.
Missouri’s largest private-industry employment growth for the month occurred in administrative, support & waste management services (+5,200 jobs), followed by health care & social assistance (+4,200 jobs) and trade, transportation& utilities (+2,400 jobs). Companies interested in learning more about Missouri’s resources for new and expanding businesses should visit www.ded.mo.gov.
October’s job report is a positive indicator that Missouri's economy continues to move forward. Earlier this year, the state's unemployment
rate dropped to it's lowest point in 11 years. Additionally,
personal income averages have increased by nearly 2 percent each year over the last
five years.
For more information about the October 2016 job report, click here.
Help us spread the news through Facebook and
Twitter! If you’re looking for a great place to visit, live, get an education,
or start a business, you can find resources and information at mo.gov or ded.mo.gov.
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