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Missouri unemployment rate continues to shrink
4/21/2017 11:22 AM
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Missouri’s unemployment rate shrunk in March, marking the sixth-straight month of decreases.
Last month’s jobless rate was 3.9 percent, a dip from 4.1 percent in February, according to a news release. The seasonally adjusted jobless rate began falling in October.
Despite the unemployment rate improvement, the Show-Me State’s nonfarm payroll ranks declined by 13,400 positions to 2.87 million in March from 2.88 million in February.
Industries with losses included:
• mining, logging and construction, down 3,600 jobs
• trade, transportation and utilities, down 3,600;
• education and health services, down 3,200;
• leisure and hospitality, down 3,100; and
• professional and business services, down 1,300.
Offsetting industries included manufacturing, which was up by 1,900 jobs, and financial activities, which increased by 900, according to the release.
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