Jobs Report Released For November

Missouri’s unemployment rate inched up in November by one-tenth of a percentage point.

The state’s seasonally adjusted unemployment rate was 3.2 percent in November. Private industry employment increased by 5,600 jobs. Government employment increased by 300 jobs. The November unemployment rate was 2.7 percent last November. The number of unemployed Missourians was 100,927 in November. That was up just over 3,100 jobs from October’s figure.

Missouri’s labor force participation rate was 63.5 percent in November 2023, seven-tenths of a percentage point higher than the national rate of 62.8 percent. Missouri’s employment-population ratio was 61.4 percent in November 2023, nine-tenths of a percentage point higher than the national rate of 60.5 percent. Missouri’s 3.2 percent unemployment is lower than the national rate of 3.7 percent. Missouri’s unemployment rate has been at or below the national rate for more than eight years.

Goods-producing industries increased by 4,300 jobs over the month, with gains of 3,000 jobs in manufacturing and 1,300 jobs in mining, logging, and construction. Private service-providing industries increased by 1,300 jobs between October 2023 and November 2023. Employment in private service-providing industries increased by 2,800 jobs in leisure and hospitality, 1,100 jobs in private education and health services, and 900 jobs in trade, transportation, and utilities. Employment decreased by 3,600 jobs in professional and business services.

Over the year, total payroll employment increased by 40,700 jobs from November 2022 to November 2023. The largest gain was in private education and health services and leisure and hospitality.