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Missouri unemployment rate holds steady

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While Missouri employers added a net 8,300 nonfarm jobs in May, the state’s unemployment rate was flat, according to the Department of Economic Development.

The Show-Me State’s jobless rate held steady at 3.9 percent, the same as in April and March. The flat rate in April stopped six straight months of declines.

The DED data is seasonally adjusted. Job gains in May were led by:
    •    leisure and hospitality, at 4,200;
    •    professional and business services, 3,700;
    •    manufacturing, 1,800;
    •    educational and health services, 1,700; and
    •    trade, transportation and utilities, 700.

The gains offset industries including mining, logging and construction, which lost 3,900 jobs, and government and financial activities, which each lost 700 jobs, according to the DED.

The latest data from the U.S. Bureau of Labor Statistics put the Springfield metropolitan statistical area’s unemployment rate at 3.3 percent in April.

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