Missouri Reports Third Straight Monthly Unemployment Rate Drop

The recovery from COVID-19 is reflected in some of the numbers from the Missouri Department of Economic Development’s Monthly Jobs Report.

Missouri’s seasonally adjusted unemployment rate dropped from 7.8 percent in June to 6.9 percent in July. That is nearly a full percentage point drop. The estimated number of unemployed Missourians was 211,177 in July. That is down from the June figure by a little over 25,000 workers.

That makes three straight monthly drops in the unemployment rate. Missouri unemployment rate had reached a record low of 3 percent in July of 2018. It was still as low as 3.5 percent in January and February of this year before the COVID-19 spike began in March. The unemployment rate peaked at 10.2 percent in April before a slight decrease in May.

Missouri remains under the national unemployment rate of 10.2 percent.