25 Latest Additions
  • Home
  • News
    • Local News
    • Farm News
    • Military News
    • State News
    • National News
  • KTTN Sports Site
  • Weather
  • Contact KTTN
  • KTTN Site Search
  • Other Information
    • DMCA Policy
    • Media Outlets: Using Our Content
    • Website Disclaimer
    • EEO Reports

Trending Now

  • Audio: Missouri man kills wife and her 2 kids before killing himself March 5, 2021
  • Audio: Missouri House passes measure to limit health departments in extended shutdowns of business March 5, 2021
  • Chillicothe Area Arts Council to host Rhonda Vincent in a “Meet & Greet Listening Party” March 5, 2021
  • Bucklin man charged with sex crimes against 13-year-old girl March 5, 2021
  • Chillicothe City Council to hold public hearing and consider several ordinances at March 8 meeting March 5, 2021
  • Grundy County Commission accepting applications for full-time road and bridge employee March 5, 2021
  • North Central Missouri College Nursing Program earns NLN CNEA Accreditation March 5, 2021
  • Missouri Clean Water Commission to hold public hearing regarding design of CAFO March 5, 2021
  • Sullivan County Route FF to temporarily close for improvement project in Green Castle March 5, 2021
  • MoDOT planned road work in north Missouri for the week of March 8, 2021 March 5, 2021

Increase in labor force sends unemployment higher in Missouri during December, 2020

State News January 22, 2021 KTTN News
Jobs Report or unemployment
Share2
Tweet
Reddit
Share
Pin
Share
2 Shares

Missouri non-farm payroll employment increased again in December 2020, but a large increase in the civilian labor force sent unemployment higher. Employment, seasonally adjusted, increased by 10,400 jobs over the month, and over-the-year job losses from COVID-19 shutdowns fell below 100,000. However, the state’s seasonally adjusted unemployment rate increased by 1.3 percentage points from November 2020 to December 2020 as the civilian labor force increased by more than 70,000 over the month. The labor market still showed substantial losses from 2019 levels, and ongoing COVID infections pose a threat of continued economic challenges.

Missouri’s smoothed seasonally adjusted unemployment rate increased by 1.3 percentage points in December 2020, jumping to 5.8 percent from a revised November 2020 rate of 4.5 percent.

The estimated number of unemployed Missourians was 180,137 in December 2020, up by 45,701 from November’s 134,436.

Despite the increase, Missouri’s seasonally adjusted unemployment rate has now been either below or equal to the national rate for 69 consecutive months. The national unemployment rate was 6.7 percent in December 2020. 

Due to lingering layoffs from COVID-19 shutdowns, Missouri’s December 2020 rate was also 2.4 percentage points higher than the December 2019 rate. After record lows in 2018 and slow increases in 2019, the rate spiked beginning in March 2020 as a result of the COVID-19 pandemic. The rate peaked at 10.2 percent in April 2020 before decreasing slightly in May 2020, then moving strongly lower in June and July of 2020 as COVID-19 restrictions were eased. After a growing number of COVID-19 cases in August 2020 caused a small setback for the labor market, unemployment again decreased sharply in September 2020, followed by smaller decreases in October 2020 and November 2020, before an increase of 70,532 in the statewide civilian labor force in December 2020 caused a substantial jump in unemployment.

The state’s not-seasonally-adjusted rate was also 5.8 percent in December 2020, up by 1.8 percentage points from the November 2020 not-seasonally-adjusted rate of 4.0 percent. The corresponding not-seasonally-adjusted national rate for December 2020 was 6.5 percent. A year ago, the state’s seasonally adjusted rate was 3.4 percent, and the not-adjusted rate was also 3.4 percent.

EMPLOYMENT

Missouri’s seasonally adjusted nonfarm payroll employment was 2,809,800 in December 2020, up by 10,400 from the revised November figure. In addition, the November 2020 total was revised upward by 2,300 from the preliminary estimate, producing a revised increase of 19,700 jobs from October 2020 to November 2020 and a revised decrease of 105,800 jobs from November 2019 to November 2020.

Service-providing industries accounted for over 90 percent of the private-sector employment gains over the month, with the largest increases in trade, transportation & utilities (+6,300 jobs), professional & business services (+3,100 jobs), and leisure & hospitality (+1,800 jobs). Educational & health services, however, went against the trend, losing 1,100 jobs). Among goods-producing industries, non-durable goods manufacturing had the only substantial gain, adding 1,400 jobs, while durable goods manufacturing lost 500 jobs and construction was essentially unchanged. Government employment showed only minor changes, adding 300 jobs over the month. It should be noted that seasonal adjustment factors may be subject to revision, given that they are based on a statistical time series that preceded the COVID-19 pandemic.

Total payroll employment decreased by 89,600 jobs from December 2019 to December 2020. Over-the-year job losses were widespread among the major sectors of the labor market, with only construction and “other services” spared. However, a large increase of 7,900 jobs in construction did produce a net gain of 2,400 jobs over the year in goods-producing industries, despite a loss of 5,500 jobs in manufacturing. Meanwhile, service-providing industries lost 92,000 jobs from December 2019 to December 2020. Leisure & hospitality continued to be the industry group most severely impacted by the COVID-19 pandemic, losing 56,600 jobs over the year, a decrease of 18.3 percent. Educational & health services lost 11,400 jobs (-2.3 percent), professional & business services lost 4,900 jobs (-1.3 percent), information lost 3,400 jobs (-7.3 percent), financial activities lost 2,000 jobs and trade, transportation & utilities lost 1,900 jobs (-0.3 percent). Government employment decreased by 12,000 jobs (-2.7 percent) over the year.

See the full Jobs Report here.

Post Views: 249

Related

Share2
Tweet
Reddit
Share
Pin
Share
2 Shares

Sharing

  • Facebook
  • Twitter
  • Pinterest
  • Email
  • Print

Tags

00, 000, 10, 105, 11, 12, 13, 134, 18, 19, 2, 20, 2018, 2019, 3, 3 percent, 30, 300, 34, 36, 4, 40, 400 jobs, 5, 50, 6, 6.5, 60, 600, 7, 70, 8, 80, 9, 90, 900, ABLE, AC, ACC, account, ACT, activities, actor, ad, add, adding, addition, adjustment, after, ag, again, against, age, AL, all, ally, AP, April, April 2, April 20, ark, arm, ate, August, august 20, auto, back, based, Bee, before, begin, beginning, bus, Business, c, case, cases, cat, cause, CC, challenge, challenges, change, changes, CIA, civil, co, construction, continue, cord, CTE, cut, December, December 2, decrease, despite, DJ, down, draft, during, eat, Economic, Ed, education, educational, employ, employment, end, ends, er, fact, farm, FEC, fell, financial, follow, for, force, form, from, full, gains, GED, give, going, Good, goods, government, group, grow, growing, Hall, hang, health, health services, her, hey, high, higher, Hospital, ICE, ID, ill, impact, increase, increased, increases, industries, industry, information, IS, IT, Job, July, jump, June, just, LA, lab, labor, labor market, largest, lay, layoffs, level, losses, low, LT, Ma, Major, Mall, man, manufacturing, march, Mark, mate, May, May 2, men, Minor, Miss, Missour, Missouri, Missourian, Missourians, Mo, month, months, MORE, most, nation, national, net, NF, NL, no, Non, not, note, November, November 2, November 20, number, October, October 2, off, on, only, other, OU, over, own, PA, pay, payroll, peak, percent, PI, pit, pond, preliminary, private, pro, produce, producing, professional, RA, rat, rate, rate increase, read, recede, record, red, report, respond, responding, restrict, restriction, restrictions, revised, ring, RN, Ron, row, S, sea, season, SEC, see, sent, September, September 2, September 20, series, service, services, set, severely, show, shut, sing, slow, small, smaller, son, sour, spa, spread, state, statewide, Ted, that, THE, threat, THS, tie, ties, time, to, total, transport, transportation, trend, TRI, UCA, UMB, unemployment, unemployment rate, up, US, use, used, UT, utilities, VA, vat, Vice, vision, war, Ward, WEN, were, win, with, year

Post navigation

Missouri State Highway Patrol announces new Troopers assigned to Northwest Missouri
Operator of farm tractor life-flighted to Columbia after pulling into path of SUV
Avatar

KTTN News

http://www.kttn.com

Listen To KTTN Live

Listen on Online Radio Box!

Like Us On Facebook

Like Us On Facebook

Listen to KGOZ Live

Listen on Online Radio Box!

Most Viewed Articles

  • Pickup strikes retail building in Trenton with driver allegedly leaving the scene of the crash
    Pickup strikes retail building in Trenton with driver allegedly leaving the scene of the crash
  • Scammers informing Missouri residents they are from Western District of Missouri Attorney's office
    Scammers informing Missouri residents they are from Western District of Missouri Attorney's office
  • Business man threatens to distribute sexual images after failing to complete work on home in Daviess County
    Business man threatens to distribute sexual images after failing to complete work on home in Daviess County
  • Missouri corrections officer charged with taking bribes to smuggle illegal drugs to inmates
    Missouri corrections officer charged with taking bribes to smuggle illegal drugs to inmates
  • Missouri man pleads guilty to illegal firearms following armed standoff with police officers
    Missouri man pleads guilty to illegal firearms following armed standoff with police officers
  • Audio: Missouri man kills wife and her 2 kids before killing himself
    Audio: Missouri man kills wife and her 2 kids before killing himself
  • Audio: Chillicothe is one of the only Missouri cities to offer 10 gigabit broadband internet
    Audio: Chillicothe is one of the only Missouri cities to offer 10 gigabit broadband internet
  • Unionville man and three from Moberly, along with four others, indicted in $4.1 million meth conspiracy
    Unionville man and three from Moberly, along with four others, indicted in $4.1 million meth conspiracy
  • Fugitive child sex offender from Livingston County arrested in Oklahoma
    Fugitive child sex offender from Livingston County arrested in Oklahoma
  • Trenton Middle School Announces March "Students of the Month"
    Trenton Middle School Announces March "Students of the Month"

RSS UPI National News

  • NFL hires Maia Chaka as league's first Black female on-field official
  • N.Y. State Senate votes to revoke Gov. Andrew Cuomo's emergency powers
  • Senate hits roadblock in COVID-19 relief 'vote-a-rama'
  • 'Gut feeling' leads Michigan woman to $1 million Mega Millions jackpot
  • Mars rover Perseverance makes first drive on Red Planet
  • George Floyd death: Appeals court orders judge to rethink 3rd-degree murder charge for Derek Chauvin
  • Israel's Benny Gantz: plans to attack Iran nuclear sites updated
  • Watch: Missing New Jersey cat turns up four years later in Pittsburgh
  • Humans evolved to use water much more efficiently than apes
  • Car bomb kills several at busy Mogadishu, Somalia, restaurant
  • Watch: Turkey crashes through window into California dentist's office
  • Raytheon receives $74M contract for AMRAAM missile integration
  • Hospital costs for substance use patients exceed $13B annually, study finds
  • Watch: Photo found in used book returned to family decades later
  • Watch: New York woman finds empty apartment behind bathroom mirror

RSS Yahoo News

  • Live stimulus updates: Senators reach agreement on $300 unemployment benefit after hours of negotiations
  • Judge dismisses lawsuit by Democratic AGs to recognize ERA
  • Lake of the Ozarks Realtor Offered $1.5K to Have Her Former Mother-in-Law Killed: Prosecutors
  • 30,000 U.S. organizations hacked by espionage unit linked to Chinese government
  • Racial justice, LGBTQ groups urge prosecutor to drop charges against Jussie Smollett
  • Two top Cuomo aides leave amid sexual harassment, nursing home scandals
  • The 8 Senate Democrats who voted against raising the minimum wage are collectively worth over $43 million
  • Skier narrowly survives avalanche by jumping off 100-foot cliff in California
  • NASA's new Mars rover hits dusty red road, 1st trip 21 feet
  • The 7 Best Refrigerators on the Market, According to Kitchen Designers
  • World's oldest known wild bird has another chick at age of 70
  • Ripping F-35 costs, House Armed Services chairman looks to ‘cut our losses’
  • Scientists are casting one of the largest telescope mirrors ever made on Earth
  • Wyoming governor quietly mobilized Guard troops in Cheyenne
  • Adopted woman in NC learns biological dad is ‘Family Annihilator’ wanted by FBI
  • Woman Has a Meltdown After Argument Over Boxes With Korean Man in Brooklyn
  • Texas regulators will not correct $16 billion in electricity ‘overcharges.’ Why?
  • Affidavit: Man found Tiger Woods unconscious after SUV crash
  • A man in jail tried to hire a hitman to kill the witnesses in his court case but the guy was actually a federal informant
  • Another storm to swoop into the Pacific Northwest
Home News State News Increase in labor force sends unemployment higher in Missouri during December, 2020
Copyright © 2021 by KTTN-FM 92.3 and KGOZ -FM 101.7 . Theme: DW Focus by DesignWall.
Proudly powered by WordPress
2 Shares
Share2
Tweet
Reddit
Share
Pin