Today, the Missouri Department of Economic Development released the March 2019 jobs report. Missouri’s seasonally adjusted unemployment rate stood at 3.3%, making March the 32nd consecutive month in which Missouri’s rate has been lower than the national unemployment rate and the 48th consecutive month in which Missouri has had an equal or lower rate. Missouri’s unemployment rate has fallen almost 1% since January 2017.
Missouri has nearly 2.9 million jobs in non-farm employment. Employment reached all-time highs earlier this year with sectors like Manufacturing and Professional, Scientific and Professional Services beating the national growth rate in March by 0.8% and 1.6%, respectively.
March Jobs Report: What You Need to Know
Unemployment Remains Low
- Missouri’s March unemployment rate was 3.3% compared to the U.S. rate of 3.8% seasonally adjusted.
- The estimated number of unemployed Missourians in March was 101,737.
Missouri Employment is Up
- Non-farm employment increased by an estimated 4,700 jobs this month, bringing the seasonally adjusted jobs estimate to 2,897,400.
- Over the past year, payroll employment has grown by 10,300 jobs.
Employment Gains By Industry Over the Past Year
- Professional, Scientific and Technical Services (+7,900 jobs, up 4.9%)
- Manufacturing (+6,400 jobs, up 2.4%)
- Health care and Social Assistance (+8,000 jobs, up 1.9%)
- Accommodation and Food Services (+4,600 jobs, up 1.7%)