20 • July 24 - 25, 2020 STATE Courtesy of MO Dept. Economic Development JEFFERSON CITY: The Missouri labor market’s recovery continued in June 2020, following the major job losses earlier in the year from COVID-19 shutdowns. Employment, seasonally adjusted, 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 2020 to June 2020, 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 2020, decreasing to 7.9 percent from a revised May 2020 rate of 10.1 percent. The national unemployment rate was 11.1 percent in June 2020. Missouri’s seasonally adjusted unemployment rate has now been either below or equal to the national rate for 64 consecutive months. Employment, seasonally adjusted, increased by 71,600 jobs over the month to total 2,689,200. Combining May and June, Missouri recovered approximately one-third of the jobs lost in March and April. The estimated number of unemployed Missourians was 237,649 in June 2020, down by 65,998 from May’s 303,647. The state’s not-seasonally-adjusted rate was also 7.9 percent in June 2020, down by 1.9 percentage points from the May 2020 not-seasonally-adjusted rate of 9.8 percent. The corresponding national rate was 11.2 percent. bransonglobe.com Missouri Department of Economic Development releases June jobs report Missouri’s seasonally adjusted rate had reached a record low of 3.0 percent starting in July 2018, before edging up a tenth of a point in November 2018 and again in February 2018. The rate had remained at 3.2 percent through May 2019 before decreasing by a tenth of a point in June 2019. It then began a slow increase, reaching 3.4 percent in October 2019, where it remained for the remainder of 2019. The rate was steady at 3.5 percent in January and February 2020 before the COVID-19 spike began in March 2020. A year ago, the state’s seasonally adjusted rate was 3.1 percent, and the not-adjusted rate was 3.4 percent. Missouri’s seasonally adjusted nonfarm payroll employment was 2,689,200 in June 2020, up by 71,600 from the revised May figure. However, the May 2020 total was revised downward by 21,800 from the preliminary estimate, producing a revised increase of 50,900 jobs from April 2020 to May 2020 and a revised decrease of 282,400 jobs from May 2019 to May 2020. Private-sector employment gains SEE JOBS REPORT, PAGE 21
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