Missouri December Jobs Report Released

Missouri’s seasonally adjusted unemployment rate inched up by one-tenth of a percentage point from November to December as the state’s non-farm payroll employment decreased by 5,000 jobs.

Private industry employment decreased by 5,300 jobs and government employment increased by 300 jobs. The state’s seasonally adjusted unemployment rate was 2.8 percent in December 2022, an increase of one-tenth of a percentage point from 2.7 percent in November 2022. Over the year, there was an increase of 47,600 jobs from December 2021 to December 2022, and the unemployment rate decreased by 1.1 percentage points, from 3.9 percent in December 2021 to 2.8 percent in December 2022.

Construction, mining, and logging jobs declined by 4,500 jobs. Private service-providing industry jobs in leisure were down by 3,600 jobs. Professional and and business service jobs were down by 1,200 jobs.

The national unemployment rate decreased from 3.6 in November 2022 to 3.5 in December 2022. Missouri’s unemployment rate has been at or below the national rate for the last five years.

Missouri’s labor force participation rate was 62.6 percent in December 2022, three-tenths of a percentage point higher than the national rate of 62.3 percent. Missouri’s employment-population ratio was 60.9 percent in December 2022, eight-tenths of a percentage point higher than the national rate of 60.1 percent.

Over the year, total payroll employment increased by 47,600 jobs from December 2021 to December 2022.

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