© 2024 University of Missouri - KBIA
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Missouri's Jobless Rate Down Slightly In May But Still High

Unemployment in Missouri dropped slightly in May but was still nearly three times what it was before the coronavirus arrived.

Data released Thursday by the state Economic Development Department shows that the seasonally adjusted unemployment rate hit 10.1% in May. That was down from 10.2% in April and was lower than the national May rate of 13.3%. It was higher than the state's 9.9% unemployment rate during the peak of the Great Recession. Unemployment was at 3.5% in February when the virus arrived.

Joblessness increased to 4.4% in March before it skyrocketed in April.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.