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Economy
The latest news from every corner of the state, including policy emerging from Missouri's capitol.

Missouri June Jobs Report Reveals 7.9 Percent Unemployment Rate, A Drop By 2.2 Percent From May

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Missouri Department of Economic Development
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Missouri's jobs report was released Thursday, July 16, for the month of June. 
 
The Missouri labor market’s recovery continued in June 2020, following the major job losses earlier in the year from COVID-19 shutdowns.
 

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Credit Missouri Department of Economic Development
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Strong statewide employment numbers in May and June show that we have recovered about one third of jobs lost between February and April.

Employment, seasonally adjusted, increased by 71,600 jobs over the month, and over-the year job losses, were less than the past two months. 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.

 
While Missouri's June employment numbers reflect some improvement, the state's unemployment rate dropped significantly in June, from 10.1 percent to 7.9 percent, and it remains well below the national level, at 11.1 percent. However, the rate is still above where Missouri was before the impact of COVID-19. 
 
 
The Department of Economic Development (DED) has launched three new programs designed to provide relief to businesses and support economic recovery during the COVID-19 pandemic as part of the state's Show Me Strong Recovery Plan. These programs include the Emergency Broadband Investment Program, a Small Business Grant Program, and the "Show Me Strong Personal Protective Equipment Retooling Program.

 

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Credit Missouri Department of Economic Development
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Missouri has plenty of work ahead to return to early 2020 employment levels, but recent months indicate our state is headed in the right direction.