DED releases July 2018 jobs report
Jefferson City—Missouri’s unemployment rate edged down another tenth of a point to 3.4 percent in July, the lowest it’s been since June 2000. Nonfarm payroll employment in the state was little changed from the revised June level.
The state’s unemployment rate has been edging down
from the 3.7 percent level at the beginning of the year. Missouri’s rate has now been lower than the
comparable U.S. rate (currently 3.9 percent) for 39 consecutive months.
The July not-seasonally-adjusted rate was 3.8
percent in Missouri, compared to the U.S. figure of 4.1.
Nonfarm
payroll employment reached 2,904,400 in July, an increase of 100 from June,
Increased employment in some industries in July was
essentially offset by decreased employment in others. Durable goods
manufacturing employment was up by 2,000 over the month, while retail trade and
health care and social assistance each added 700 jobs. Decreases occurred in administrative,
support, and waste management services (-1,800) and arts, entertainment, and
recreation (-1,200). Other gains or
decreases were smaller.
Employment
has been trending upward, increasing by 8,800 jobs between May and July and by
34,700 (1.2%) since July 2017.
Over-the-year growth occurred in most reported industries. Health care and social assistance employment
was up by 10,900 jobs, while durable goods manufacturing added 5,600. Arts, entertainment and recreation; retail
trade; and administrative, support, and waste management services each added
between 3,500 and 4,000 jobs over the year.
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