Missouri’s April Unemployment Rate Remains Steady
Missouri’s smoothed seasonally adjusted unemployment rate remained unchanged in April 2023, holding steady at the revised March 2023 rate of 2.5 percent. The April 2023 rate increased by two-tenths of a percentage point from the April 2022 rate of 2.3 percent. The estimated number of unemployed Missourians was 77,913 in April 2023, up by 503 from 77,410 in March.
The state’s not-seasonally-adjusted unemployment rate decreased in April 2023, declining by three-tenths of a percentage point to 2.4 percent from the March 2023 not-seasonally-adjusted rate of 2.7 percent. A year ago, the not-seasonally-adjusted rate was 2 percent. The corresponding not-seasonally-adjusted national rate for April 2023 was 3.1 percent.
Missouri’s labor force participation rate was 63.2 percent in April 2023, six-tenths of a percentage point higher than the national rate of 62.6 percent. Missouri’s employment-population ratio was 61.6 percent in April 2023, 1.2 percentage points higher than the national rate of 60.4 percent. Missouri’s unemployment rate of 2.5 percent in April 2023 was nine-tenths of a percentage point lower than the national rate of 3.4 percent. Missouri’s unemployment rate has been at or below the national rate for eight years.
Missouri’s non-farm payroll employment was 2,974,600 in April 2023, up by 4,700 from the revised March 2023 figure. The March 2023 total was revised upward by 600 jobs from the preliminary estimate.
Goods-producing industries decreased by 200 jobs over the month, with manufacturing gaining 600 jobs and mining, logging, and construction losing 800 jobs over the month. Private service-providing industries increased by 3,900 jobs between March 2023 and April 2023. Employment in private service-providing industries increased in private education and health services; trade, transportation, and utilities; professional and business services (800 jobs); and information (200 jobs). Employment decreased in leisure and hospitality and financial activities. Total government employment increased by 1,000 jobs over the month, with an increase in local government (1,100 jobs) and a decline in federal government (-100 jobs). State government was unchanged over the month.