Mo Unemployment Rate Stagnant In August

Missouri’s unemployment rate inched upward in August as compared to July. The Missouri Department of Economic Development says the state’s seasonally adjusted employment was down by 1,200 jobs over the month and job losses for the year are up slightly in revised figures. Missouri seasonally adjusted unemployment rate was up by one-tenth of a percentage point to 7.0 percent from 6.9. The estimated number of unemployed Missourians was 215,249 in August 2020, up by 3,825 from July’s revised 211,424.

A year ago, the state’s seasonally adjusted rate was 3.2 percent, and the not-adjusted rate was 3.5 percent.

There were some private-sector employment gains experiences in leisure and hospitality that was up 3,600 jobs and 3,100 jobs alone in accommodation and food services, 3,400 more jobs in federal government, and 1,400 jobs in retail trade. The job losses were 2,800 in local government, 2,400 in wholesale trade, 1,600 in educational and health services, 1,000 in manufacturing, and 1,000 in financial activities.