Wednesday, July 4, 2012

Missouri jobless rate resumes climb in May - Puget Sound Business Journal (Seattle):

adamovaichive.blogspot.com
The state’s seasonally adjusted unemploymeny rate increased to 9 percentin May, up from 8.1 percen in April. April’s 0.6 point decreasew in unemployment nowappears anomalous, with the May increase part of an upwarrd trend dating back to state officials said. Approximately 272,000 Missourians were estimatedd to have been jobless during the monthof May. Nonfar m payroll employment decreasedby 3,700 jobs in May, markin the smallest monthly decrease since employment beganh to drop sharply last November.
Job losses were concentratee inmanufacturing (-3,700) and construction (-1,600), which were partlh offset by gains in health care and social assistancre (2,000) and local government (900). Over the past employment droppedby 74,300 or 2.7 percent. The main exceptions to the downwarde trend over the year have been private educationaservices (2,500), health care and social assistance federal government (2,700) and local government (3,300). The national unemployment rate in Maywas 9.4 percent. Nonfarm payroll employment in May was downin St. Louias by 4,100, led by automobile industry layoffs and a cutbacjk of federal employees following the end ofsome pre-2010 Censue activities.

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