Missouri Releases Jobs Report

Missouri’s unemployment rate stayed unchanged from December of 2022 to January of 2023. Missouri’s seasonally adjusted unemployment rate was 2.7 percent for the month. That is a rate decrease of point-2 percent from last January’s 2.9 percent.

Missouri non-farm payroll employment increased by 11,600 jobs from December 2022 to January 2023, and the seasonally adjusted unemployment rate remained unchanged at 2.7 percent in January 2023. Private industry employment increased by 12,200 jobs, and government employment decreased by 600 jobs. Over the year, there was an increase of 83,100 jobs from January 2022 to January 2023.

Revised data for 2022 show that seasonally adjusted total non-farm payroll employment increased at a faster rate than originally estimated in 2022 for every month except January and February. On net from January 2022 to December 2022, revised estimates show Missouri gained 33,500 more jobs in the year than reported in the original estimates.

The national unemployment rate decreased from 3.5 in December 2022 to 3.4 in January 2023. Missouri’s unemployment rate has been at or below the national rate for more than five years.

Missouri’s non-farm payroll employment was 2,968,600 in January 2023, up by 11,600 from the revised December 2022 figure. The December 2022 total was revised upward from the preliminary estimate with an increase of 23,700 jobs.