Missouri employers added 3,500 jobs in February, on a seasonally adjusted basis, and the state’s unemployment rate decreased to 4.1 percent, reported the department.
The Missouri Department of Economic Development relayed positive information regarding jobs in the state during its latest report.
Missouri employers added 3,500 jobs in February, on a seasonally adjusted basis, and the state’s unemployment rate decreased to 4.1 percent, reported the department. Total non-farm payroll employment in Missouri grew to 2,880,500 in February. Accommodation and food services employment was up by 4,700 jobs over the month, while professional, scientific and technical services added 2,200 jobs. Employment in construction increased by 2,500 personnel.
Over the past year, payroll employment has grown by 54,000 jobs, a 1.9 percent increase. Most industry sectors reported gains. The largest were in:
- Accommodation and food services — 12,700
- Health care and social assistance — 8,500
- Professional, scientific and technical services — 7,000
- Construction — 5,600
- Retail trade — 4,500
Missouri’s smoothed seasonally adjusted unemployment decreased a tenth of a point from 4.2 percent in January to 4.1 percent in February.
The current rate is four-tenths of a point lower than the year-earlier rate and is at its lowest level since October 2000.
Missouri’s unemployment rate has now been below the national rate for 23 consecutive months.