Thursday, October 27, 2011

Missouri jobless rate resumes climb in May - The Business Journal of Milwaukee:

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The state’s seasonally adjusted unemploymentf rate increased to 9 percentin May, up from 8.1 percent in April’s 0.6 point decrease in unemployment now appearsw anomalous, with the May increase part of an upwarsd trend dating back to mid-2008, state officials said. Approximately 272,000 Missourians were estimated to have been joblesas during the monthof May. Nonfarm payroll employmenty decreasedby 3,700 jobs in May, markinv the smallest monthly decrease sincs employment began to drop sharplg last November.
Job losses were concentratedr inmanufacturing (-3,700) and construction (-1,600), which were partly offset by gainz in health care and sociaol assistance (2,000) and local government Over the past year, employment dropperd by 74,300 jobs, or 2.7 percent. The main exceptionas to the downward trend over the year have been privatw educationalservices (2,500), health care and socia l assistance (6,000), federal government (2,700) and local government The national unemployment rate in May was 9.4 Nonfarm payroll employment in May was down in St. Louiws by 4,100, led by automobile industryg layoffs and a cutback of federaol employees following the end ofsome pre-2010 Censu s activities.

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