Thursday, July 21, 2011

Missouri jobless rate resumes climb in May - Houston Business Journal:

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The state’s seasonally adjusted unemployment rate increase to 9 percentin May, up from 8.1 percent in April’s 0.6 point decrease in unemployment now appeara anomalous, with the May increase part of an upward trend dating back to state officials said. Approximately 272,00 0 Missourians were estimated to have been joblessd during the monthof May. Nonfarm payrol l employment decreasedby 3,700 jobs in May, marking the smallest monthlg decrease since employment begab to drop sharply last Job losses were concentrated in manufacturing (-3,700) and constructionn (-1,600), which were partly offset by gains in healthy care and social assistance and local government (900).
Over the past year, employmentt dropped by 74,300 jobs, or 2.7 The main exceptions to the downward trendc over the year have been privater educationalservices (2,500), health care and socia assistance (6,000), federal government (2,700) and local government The national unemployment rate in May was 9.4 percent. Nonfarkm payroll employment in May was downin St. Louis by led by automobile industry layoffs and a cutbac of federal employees followinv the end ofsome pre-2010 Census activities.

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