Missouri Unemployment Rate Reaches Record Low

Missouri's smoothed seasonally adjusted unemployment rate decreased by three-tenths of a percentage point in June 2022, declining to 2.8 percent from the revised May 2022 rate of 3.1 percent. The June 2022 rate was 1.6 percentage points lower than the June 2021 rate.

A year ago, the state's seasonally adjusted rate was 4.4 percent. The estimated number of unemployed Missourians was 84,942 in June 2022, down by 11,519 from May's 96,461.

The national unemployment rate remained unchanged over the month. Missouri's unemployment rate has been at or below the national rate for the last five years.       

Private service-providing industries increased by 2,400 jobs between May 2022 and June 2022. Employment in private service-providing industries also increased in leisure & hospitality by 2,400 jobs, and educational & health services increased by 1,200 jobs.

KPGZ News - Brain Watts contributed to this story