The labor market for Central Missouri showed further improvement for November 2020. Overall, seasonally adjusted employment increased by 17,400 jobs throughout Missouri, according to the Missouri Economic and Research Information Center (MERIC).
The state’s seasonally adjusted unemployment rate decreased by 0.2 percentage points from October 2020 to November 2020, and the civilian labor force increased more than 23,000
However, the labor market still showed substantial losses from 2019 levels, and a third wave of COVID-19 infections pose a threat of renewed economic challenges in the coming months.
To view the data specific to the Central Region, click here.
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According to MERIC, Missouri’s smoothed seasonally adjusted unemployment rate went down by 0.2 percentage points in November 2020, decreasing to 4.4 percent from the October 2020 rate of 4.6 percent.
Missouri’s seasonally adjusted unemployment rate has now been either below or equal to the national rate for 68 consecutive months. The national unemployment rate was 6.7 percent in November 2020, also down 0.2 percentage points from 6.9 percent in October 2020.
The estimated number of unemployed Missourians was 131,215 in November 2020, down by 4,766 from October’s 135,981.
Due to lingering layoffs from COVID-19 impacts, the state’s November 2020 rate was still 1 percentage point higher than the November 2019 rate.
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To view the full November 2020 Missouri Job Report, click here.