Missouri Monthly Jobs Report

August 2020

The pace of Missouri labor market’s recovery was essentially flat in August 2020. Employment, seasonally adjusted, decreased by 1,200 jobs over the month, and over-the year job losses increased slightly from upwardly revised July levels. The state’s seasonally adjusted unemployment rate increased by one-tenth of a percentage point from July 2020 to August 2020. 

Missouri’s seasonally adjusted unemployment rate has now been either below or equal to the national rate for 66 consecutive months. The national unemployment rate was 8.4 percent in August 2020. 

The estimated number of unemployed Missourians was 215,249 in August 2020, up by 3,825 from July’s revised 211,424.

Missouri’s smoothed seasonally adjusted unemployment rate went up by a tenth of a percentage point in August 2020, increasing to 7.0 percent from the July 2020 rate of 6.9 percent.

Due to on-going impacts of COVID-19 shutdowns, the August 2020 rate was still more than double the August 2019 rate. The rate had reached a record low of 3.0 percent starting in July 2018, before edging up a tenth of a point in November 2018 and again in December 2018. The rate had remained at 3.2 percent through April 2019 before decreasing by a tenth of a point in May 2019. It then began a slow increase, reaching 3.4 percent in October 2019, where it remained for the remainder of 2019. The rate was steady at 3.5 percent in January and February 2020 before the COVID-19 spike began in March 2020. The rate peaked at 10.2 percent in April 2020 before decreasing slightly in May 2020, then moving strongly lower in June and July of 2020 as COVID-19 restrictions were eased.

The state’s not-seasonally-adjusted rate was 7.1 percent in August 2020, down by a tenth of a percentage point from the July 2020 not-seasonally-adjusted rate of 7.2 percent. The corresponding not-seasonally-adjusted national rate for August 2020 was 8.5 percent.  

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

Missouri’s seasonally adjusted nonfarm payroll employment was 2,778,900 in August 2020, down by 1,200 from the revised July figure. At a less than one percent decline, employment was essentially flat for the month. However, the July 2020 total was revised upward by 18,900 from the preliminary estimate, producing a revised increase of 88,300 jobs from June 2020 to July 2020 and a revised decrease of 123,400 jobs from July 2019 to July 2020.

Private-sector employment gains did occur in some industries over the month, with increases continuing in leisure & hospitality (+3,600 jobs, of which 3,100 were in accommodation & food services), federal government (+3,400 jobs) and retail trade (+1,400 jobs). However, those gains were exceeded by losses in local government (-2,800 jobs), wholesale trade (-2,400 jobs), educational & health services (-1,600 jobs), manufacturing (-1,000 jobs) and financial activities (-1,000 jobs). It should be noted that the estimated job loss in local government was based on seasonal adjustment factors using a statistical time series that preceded the COVID-19 pandemic. Future data may find this adjustment to be less applicable as employment during the pandemic has varied from historic trends.

Total payroll employment decreased by 125,800 jobs from August 2019 to August 2020. As in July, over-the-year job losses were widespread among the major sectors of the labor market, with only construction spared. Goods-producing industries lost 5,500 jobs over the year, and service-providing industries lost 122,700 jobs. Manufacturing employment was down by 8,000 (-2.9 percent), while construction showed an increase of 2,800 jobs (+2.2 percent). Among service-providing industries, leisure & hospitality lost 49,000 jobs over the year. The sector had lost half its total employment between April 2019 and April 2020, but has cut that loss to 15.9 percent between August 2019 and August 2020. Trade, transportation & utilities lost 23,100 jobs (-4.3 percent), while employment in educational & health services was down by 21,800 (-4.5 percent). Professional & business services lost 15,000 jobs (-3.9 percent) and the information sector lost 5,700 jobs (-11.9 percent). Government employment was down by 2,400 jobs (-0.5 percent) over the year.

See the full Jobs Report here.

July 2020

The Missouri labor market continued to recover in July 2020, following major job losses due to COVID-19 shutdowns earlier in the year. Employment, seasonally adjusted, increased by 52,200 jobs over the month. Over-the year job losses, though still substantial, have diminished as the economy has gradually reopened. Missouri’s smoothed seasonally adjusted unemployment rate decreased to 6.9 percent in July 2020 from a revised June 2020 rate of 7.8 percent, a decrease of nine-tenths of a percentage point. 

Missouri’s seasonally adjusted unemployment rate has now been either below or equal to the national rate for 65 consecutive months. The national unemployment rate was 10.2 percent in July 2020. 

The estimated number of unemployed Missourians was 211,177 in July 2020, down by 25,026 from June’s 236,203. 

Due to lingering layoffs from COVID-19 shutdowns, the July 2020 seasonally adjusted unemployment rate was still more than double the July 2019 rate. The rate had reached a record low of 3.0 percent starting in July 2018, before edging up a tenth of a point in November 2018 and again in December 2018. The rate had remained at 3.2 percent through April 2019 before decreasing by a tenth of a point in May 2019. It then began a slow increase, reaching 3.4 percent in October 2019, where it remained for the remainder of 2019. The rate was steady at 3.5 percent in January and February 2020 before the COVID-19 spike began in March 2020. The rate peaked at 10.2 percent in April 2020 before decreasing slightly in May 2020, then moving strongly lower in June and July of 2020 as COVID-19 restrictions were eased. 

The state’s not-seasonally-adjusted rate was 7.2 percent in July 2020, down by seven-tenths of a percentage point from the June 2020 not-seasonally-adjusted rate of 7.9 percent. The corresponding national rate was 10.5 percent. 

A year ago, the state’s seasonally adjusted rate was 3.2 percent, and the not-adjusted rate was 3.8 percent.

Missouri’s seasonally adjusted nonfarm payroll employment was 2,761,200 in July 2020, up by 52,200 from the revised June figure. In addition, the June 2020 total was revised upward by 19,800 from the preliminary estimate, producing a revised increase of 91,400 jobs from May 2020 to June 2020 and a revised decrease of 189,800 jobs from June 2019 to June 2020.

Private-sector employment gains over the month were again widespread, with substantial increases continuing in both goods-producing industries (+8,300 jobs) and service-providing industries (+43,900 jobs). Goods-producing gains were divided between manufacturing (+6,000 jobs) and construction (+2,300 jobs). Among service-providing industries, leisure & hospitality – the sector hardest hit by COVID-19 – added 14,500 jobs in July, with 11,600 of those coming in accommodation & food services. Trade, transportation & utilities added 5,900 jobs, educational & health services added 4,200 and professional & business services added 3,300. 

While payroll employment improved over the month, it still showed a sizable decrease over the year, though less so than in the earlier months of the COVID-19 pandemic. Total payroll employment decreased by 142,300 jobs from July 2019 to July 2020. As in June, over-the-year job losses were widespread among the major sectors of the labor market, with only construction spared. Goods-producing industries lost 2,900 jobs over the year, and service-providing industries lost 139,400 jobs. Manufacturing employment was down by 5,700 (-2.1 percent), while construction showed an increase of 3,100 jobs (+2.4 percent). Among service-providing industries, leisure & hospitality lost 59,200 jobs over the year. The sector had lost half its total employment between April 2019 and April 2020, but has cut that loss to 19.2 percent between July 2019 and July 2020. Trade, transportation & utilities lost 21,900 jobs (-4.0 percent), while employment in educational & health services was down by 19,000 (-3.9 percent). Professional & business services lost 17,600 jobs (-4.6 percent) and the information sector lost 5,800 jobs (-12.1 percent). Government employment was down by 9,000 jobs (-2.1 percent) over the year.

See the full Jobs Report here.

 

 

June 2020

July 16, 2020

Jefferson City

The Missouri labor market’s recovery continued in June 2020, following the major job losses earlier in the year from COVID-19 shutdowns. Employment, seasonally adjusted, increased by 71,600 jobs over the month, and over-the year job losses, though still substantial, were less than in April and May. The state’s seasonally adjusted unemployment rate decreased more than two full percentage points from May 2020 to June 2020, while May’s rate was unchanged from preliminary estimates.

Missouri’s smoothed seasonally adjusted unemployment rate went down by 2.2 percentage points in June 2020, decreasing to 7.9 percent from a revised May 2020 rate of 10.1 percent. The national unemployment rate was 11.1 percent in June 2020. Missouri’s seasonally adjusted unemployment rate has now been either below or equal to the national rate for 64 consecutive months.

Employment, seasonally adjusted, increased by 71,600 jobs over the month to total 2,689,200. Combining May and June, Missouri recovered approximately one-third of the jobs lost in March and April. The estimated number of unemployed Missourians was 237,649 in June 2020, down by 65,998 from May’s 303,647.  

The state’s not-seasonally-adjusted rate was also 7.9 percent in June 2020, down by 1.9 percentage points from the May 2020 not-seasonally-adjusted rate of 9.8 percent. The corresponding national rate was 11.2 percent.  

Missouri’s seasonally adjusted rate had reached a record low of 3.0 percent starting in July 2018, before edging up a tenth of a point in November 2018 and again in February 2018. The rate had remained at 3.2 percent through May 2019 before decreasing by a tenth of a point in June 2019. It then began a slow increase, reaching 3.4 percent in October 2019, where it remained for the remainder of 2019. The rate was steady at 3.5 percent in January and February 2020 before the COVID-19 spike began in March 2020.

A year ago, the state’s seasonally adjusted rate was 3.1 percent, and the not-adjusted rate was 3.4 percent.

Missouri’s seasonally adjusted nonfarm payroll employment was 2,689,200 in June 2020, up by 71,600 from the revised May figure. However, the May 2020 total was revised downward by 21,800 from the preliminary estimate, producing a revised increase of 50,900 jobs from April 2020 to May 2020 and a revised decrease of 282,400 jobs from May 2019 to May 2020.

Private-sector employment gains over the month were widespread, with substantial increases in both goods-producing industries (+9,700 jobs) and service-providing industries (+61,900 jobs). Goods-producing gains were concentrated in manufacturing (+9,900 jobs). Among service-providing industries, leisure & hospitality – the sector hardest hit by COVID-19 – added 36,400 jobs in June, with 31,100 of those coming in accommodation & food services. Trade, transportation & utilities added 20,500 jobs, professional & business services added 4,400 and “other services” added 2,700. An exception to the gains occurred in educational & health services (-3,000 jobs). An increase of 3,100 jobs in local government was mostly offset by a loss of 2,800 jobs in state government, while federal government employment showed little change.

While payroll employment improved over the month, it still showed a sizable decrease over the year, though less so than in April and May. Total payroll employment decreased by 209,600 jobs from June 2019 to June 2020. As in May, over-the-year job losses were all but universal, with only federal government (+1,000, helped by hiring for the decennial census of population) and construction spared. Goods-producing industries lost 16,000 jobs over the year, and service-providing industries lost 193,600 jobs. Manufacturing employment was down by 16,100 (-5.8 percent), while construction showed a small increase of 400 jobs (+0.3 percent). Among service-providing industries, leisure & hospitality lost 77,300 jobs (-25.1 percent) over the year. The sector had lost half its total employment between April 2019 and April 2020, but has cut that loss to a quarter of its total employment between June 2019 and June 2020. Trade, transportation & utilities lost 26,700 jobs (-4.9 percent), while employment in professional & business services was down by 23,900 (-6.3 percent). Educational & health services lost 20,800 jobs (-4.3 percent). Government employment decreased by 28,500 jobs, (-6.5 percent), with losses of 18,900 jobs in local government and 10,600 jobs in state government.

 

May 2020

June 18, 2020

Jefferson City

NOTE: Between the April 2020 preliminary and final estimates, some revisions were made to the seasonal adjustment factors for statewide employment and unemployment estimates by the Bureau of Labor Statistics. As a result of these revisions, the April 2020 seasonally adjusted unemployment rate was revised upward from 9.7 percent to 10.2 percent, while there was no revision to the not-seasonally-adjusted unemployment rate. In addition, the Missouri seasonally adjusted unemployment rate for March 2020 was revised downward to 3.9 percent, putting it below the national unemployment rate for that month.

Missouri’s labor market began a rebound in May 2020, following the major job losses in April 2020 from COVID-19 shutdowns. Employment, seasonally adjusted, increased by 32,900 jobs over the month, though still down by 260,600 over the year. Missouri’s smoothed seasonally adjusted unemployment rate decreased by a tenth of a percentage point in May 2020, decreasing to 10.1 percent from a revised April 2020 rate of 10.2 percent.

However, the May 2020 rate was more than three times higher than the May 2019 rate. The rate had reached a record low of 3.0 percent starting in July 2018, before edging up a tenth of a point in November 2018 and again in February 2018. The rate had remained at 3.2 percent through April 2019 before decreasing by a tenth of a point in May 2019. It then began a slow increase, reaching 3.4 percent in October 2019, where it remained for the remainder of 2019. The rate was steady at 3.5 percent in January and February 2020 before the COVID-19 spike began in March 2020.

April 2020

May 22, 2020

Jefferson City

The COVID-19 pandemic caused a severe downturn in the nation’s labor market in April 2020. In Missouri, seasonally adjusted employment decreased by 305,100 jobs over the month, and by 327,800 jobs over the year, the largest one-month and one-year decreases since the current data series began in 1990. The state’s seasonally adjusted unemployment rate increased to 9.7 percent over the month, more than doubling the previous month, and tripling over the year.

Missouri’s smoothed seasonally adjusted unemployment rate had its largest monthly and yearly increases ever in April 2020. The April 2020 rate of 9.7 percent was up by nearly six percentage points from the March 2020 rate of 3.9 percent and 6.5 percentage points from the April 2019 rate of 3.2 percent.

Missouri’s seasonally adjusted unemployment rate was below the national rate, which was 14.7 percent in April 2020.

The estimated number of unemployed Missourians was 292,690 in April 2020, up by 171,103 from March’s 109,616.

The state’s not-seasonally-adjusted rate was 9.8 percent in April 2020, up from 3.9 percent in March 2020. The corresponding national rate was 14.4 percent.  

Under normal circumstances, an increase in the unadjusted rate from March to April would be highly unusual, but COVID-19 resulted in unprecedented economic fluctuations. The rapidly changing economic situation will likely continue to evolve and be reflected in next month’s jobs report.

Missouri’s seasonally adjusted nonfarm payroll employment was 2,574,000 in April 2020, down by 305,100 from the revised March figure. Federal government (+200) and mining & logging (unchanged) saw less change than most sectors. Goods-producing industries lost 46,000 jobs over the month, and service-providing industries lost 259,100 jobs. Among goods-producing industries, durable goods manufacturing was hit the hardest, losing 26,700 jobs. Employment in construction decreased by 11,000, while non-durable manufacturing had a loss of 8,300 jobs. Among service-providing industries, accommodation & food services had the largest decrease, losing 110,700 jobs. Trade, transportation & utilities lost 42,600 jobs over the month. Professional & business services lost 29,500 jobs, and educational & health services lost 18,400 jobs. In the public sector, local government employment was down by 11,100, and state government lost 2,600 jobs. 

Payroll employment decreased by 327,800 jobs from April 2019 to April 2020. Only federal government (+1,100) saw an increase, helped in part by hiring for the federal census. Goods-producing industries lost 47,100 jobs over the year, and service-providing industries lost 280,700 jobs. Manufacturing employment was down by 38,000 (-13.7 percent), while construction, less severely affected because most work was outside, lost 9,000 jobs (-7.1 percent). Among service-providing industries, leisure & hospitality lost 152,100 jobs (-49.4 percent) over the year, shedding nearly half its employment. Trade, transportation & utilities lost 45,000 jobs (-8.3 percent), while employment in professional & business services was down by 27,800 (-7.3 percent). Educational & health services lost 21,500 jobs (-4.5 percent). Government employment decreased by 12,900 jobs, (-3.0 percent), with losses of 12,400 jobs in local government and 1,600 jobs in state government. 

March 2020

April 15, 2020

Jefferson City

Employment in Missouri decreased by 20,900 jobs over the month, and 12-month employment growth was lower than the March 2019 figure. The state’s seasonally adjusted unemployment rate was 4.5 percent, up by one percentage point from the February 2020 rate of 3.5 percent.

 

January 2020

March 4, 2020

Jefferson City

Employment increased by 9,000 jobs in January while the state’s seasonally adjusted unemployment rate increased slightly to 3.5 percent over the month.

The unemployment rate had reached a record low of 3.0 percent starting in July 2018, before edging up a tenth of a point in November 2018 and again in December 2018. The rate had remained at 3.2 percent through April 2019 before decreasing by a tenth of a point in May 2019. It then began a slow increase, reaching 3.4 percent in October 2019, where it remained for the remainder of 2019.

This marks the 42nd consecutive month in which Missouri’s rate has been lower than the corresponding U.S. rate (currently 3.6 percent).  The Missouri rate has been equal to or lower than the U.S. rate for 58 consecutive months.

The estimated number of unemployed Missourians was 109,659 in January 2020, up by 3,287 from December’s 106,372.

The not-seasonally-adjusted rate increased from 3.4 percent in December 2019 to 4.2 percent in January 2020.  This increase in the not-seasonally-adjusted rate is typical for January, when activity in outdoor-oriented industries like construction and recreation reaches a low point. The not-seasonally-adjusted unemployment rate normally peaks in January and February before starting a steady decrease that lasts through the spring. The corresponding national rate was 4.0 percent.

A year ago, the state’s seasonally adjusted rate was 3.2 percent, and the not-adjusted rate was 3.8 percent.

Missouri’s seasonally adjusted nonfarm payroll employment was 2,908,400 in January 2020, up by 9,000 from the December figure. However, the December figure was revised downward by 14,800 from the preliminary estimate as a result of the September 2019 benchmark of employment.

Private-sector employment gains over the month occurred in both goods-producing and service-providing industries, with goods-producing industries adding 2,700 jobs and private-sector service-providing industries adding 6,300 jobs. Employment in construction increased by 2,000, while manufacturing had a smaller gain of 700 jobs. Among service-providing industries, professional & business services gained 3,800 jobs, trade, transportation & utilities gained 1,900 jobs and leisure & hospitality gained 900 jobs. Exceptions to the upward movement occurred in health care & social assistance, which lost 2,400 jobs, and accommodation & food services, down by 1,600 jobs.

As a result of the 2019 benchmark, 12-month job gains were substantially diminished in January 2020. Over the past year, payroll employment grew by 7,100 jobs, or 0.2 percent. Goods-producing industries accounted for 2,200 of the increase, with all of the increase concentrated in construction (+3,300 jobs). Private-sector service-providing industries added 2,700 jobs over the year, with gains in professional, scientific, and technical services (+4,600, +2.9 percent); educational & health services (+3,600, +0.7 percent); and accommodation and food services (+2,700, +1.0 percent). Overall gains in service-providing industries were held down by losses in administrative & support services (-7,600, -4.8 percent); information (-2,400, -4.9 percent); and retail trade (-2,200, -0.7 percent). Employment in government increased by 2,200 over the year (+0.5 percent), with increases of 1,800 jobs in federal government and 800 in state government offsetting a loss of 400 jobs in local government.

NOTE: With the production of January 2020 data, estimates are now benchmarked to a base of September 2019. The benchmark process involves replacing sample-based estimates with hard numbers from the Quarterly Census of Employment and Wages (QCEW). 2019 estimates based on a September 2018 benchmark have been revised to conform to QCEW data through September 2019. One immediate result of the September 2019 benchmark was a notable reduction in 12-month employment increases.

November 2019

December 18, 2019

Jefferson City

Unemployment rate remains low and unchanged in November

Missouri’s seasonally adjusted unemployment rate was 3.1 percent in November 2019, remaining unchanged from October. Seasonal adjustment is a statistical technique used to measure and remove influences of predictable seasonal patterns to show how employment and unemployment change monthly.

While the seasonally adjusted unemployment rate was unchanged over the month, employment in Missouri did increase strongly in November 2019, adding 5,300 jobs from October 2019.

Missouri has over-the-year job gains across key industries – with employment growing by 37,100 jobs, or 1.3 percent over the last year.

October 2019

November 14, 2019

Jefferson City

Unemployment rate remains low and unchanged in October

Missouri’s seasonally adjusted unemployment rate was 3.1 percent in October 2019, remaining unchanged from September. Seasonal adjustment is a statistical technique used to measure and remove influences of predictable seasonal patterns to show how employment and unemployment change monthly.

Missouri has over-the-year job gains across key industries – with employment growing by 35,200 jobs, or 1.2 percent over the last year.

September 2019

October 17, 2019

Jefferson City

Unemployment rate continues downward trend in September 

Missouri’s seasonally adjusted unemployment rate was 3.1 percent in September 2019, down a tenth of a percentage point from August. Seasonal adjustment is a statistical technique used to measure and remove influences of predictable seasonal patterns to show how employment and unemployment change monthly.

Missouri has over-the-year job gains across key industries – with employment growing by 32,100 jobs, or 1.1 percent over the last year.

 

August 2019

September 18, 2019

Jefferson City

Jobs continue to grow with unemployment decreasing slightly in August

Missouri’s seasonally adjusted unemployment rate was 3.2 percent in August 2019, down a tenth of a percentage point from July. Seasonal adjustment is a statistical technique used to measure and remove influences of predictable seasonal patterns to show how employment and unemployment change monthly.

Job growth and low unemployment rates fuel Missouri's workforce and economy

The number of jobs in the state continue to rise, while the unemployment rate remains low.

Over the past year, employment has grown by 38,200 jobs.

Missouri sees over-the-year job gains across key industries.

Health Care and Social Assistance (+13,700 jobs, up 3.2 percent)
Accommodation and Food Services (+6,600 jobs, up 2.4 percent)
Professional, Scientific, and Technical Services (+5,700 jobs, up 3.5 percent) 

Startups provide positive impact on Missouri's economy

As reported by MOSourceLink, an average of 40,797 new jobs were created each year by small, first-time employers over the past five years, making up a significant portion of the new jobs added to the state’s economy. Small businesses and startup firms create jobs and pioneer innovations that help Missouri move forward and compete in a global economy.

While these new and young firms, which have fewer than 20 employees, are focused around population centers, they also exist throughout the state and across a variety of industries. The highest density of firms hiring their first employee in Missouri in 2018 were in Health Care and Social Assistance, Information, Transportation and Warehousing, and Professional, Scientific, and Technical Services.

July 2019

August 14, 2019

Jefferson City

Jobs continue to grow with unemployment at near-record lows in July

Missouri's seasonally adjusted unemployment rate has remained at 3.3 percent for the past five months. Seasonal adjustment is a statistical technique used to measure and remove influences of predictable seasonal patterns to show how employment and unemployment change monthly.

 

Job growth and low unemployment rates fuel Missouri's workforce

• The number of jobs in the state continue to rise, while the unemployment rate remains low.
        o Over the past year, employment has grown by 34,700 jobs.
• Missouri sees over-the-year job gains across key industries.
        o Health Care and Social Assistance (+12,200 jobs, up 2.9 percent)
        o Accommodation and Food Services (+5,500 jobs, up 2.1 percent)
        o Professional, Scientific, and Technical Services (+3,900 jobs, up 2.4 percent) 

June 2019

July 17, 2019

Jefferson City

Jobs continue to grow with unemployment at near-record lows in June

Missouri's seasonally adjusted unemployment rate has remained at 3.3 percent for the past four months. Seasonal adjustment is a statistical technique used to measure and remove influences of predictable seasonal patterns to show how employment and unemployment change monthly.