Tuesday, November 17, 2009

Missouri unemployment plateaus as national rate continues to climb


Missouri's unemployment rate plateaued in Oct. as the national rate increased by four-tenths of one point.

In Missouri, the unemployment rate last month declined to 9.3 percent, down two-tenths of one point from Sept.

The Missouri Dept. of Economic Development released the new figures Monday, ahead of the full release of all states by the federal Bureau of Labor Statistics this Friday.

“The October unemployment percentages suggest that Missouri’s job market continues to stabilize while demonstrating what independent economic sources have already been reporting about the health of our state’s economy,” Gov. Jay Nixon said in a prepared statement. “We are encouraged by these improving indicators and determined to move forward in creating good-paying jobs and continuing to work to secure investment in Missouri.”

Total employment also increased by 4,000 last month, with sizable gains in manufacturing and private educational and health services sectors.

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