The Missouri labor market’s recovery continued in June, following the major job losses earlier in the year from COVID-19 shutdowns.
A news release from Missouri Workforce Development says seasonally-adjusted employment 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 to June, 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, decreasing to 7.9 percent from a revised May rate of 10.1 percent.
The national unemployment rate was 11.1 percent in June.
Missouri’s seasonally-adjusted unemployment rate has now been either below or equal to the national rate for 64 consecutive months.