The labor market for Central Missouri showed mixed results for the October 2020 Jobs Report. Overall, seasonally adjusted employment throughout Missouri increased by 6,400 jobs for the month, but over-they-year job losses remained high, according to the Missouri Economic and Research Information Center (MERIC).
The Missouri unemployment rate decreased by 0.2 percentage points from September 2020 to October 2020, but the civilian labor force decreased more than 16,000.
To view the data specific to the Central Region, click here.
“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 6.9 percent in October 2020,” according to MERIC.
Total payroll employment decreased by 121,800 jobs from October 2019 to October 2020. As in September, over-the-year job losses were widespread among the major sectors of the labor market, with only construction and “other services” spared.”
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Goods-producing industries lost 3,500 jobs over the year, and service-providing industries lost 118,300 jobs. Manufacturing employment was down by 12,800 (-4.6 percent), while construction, aided by less severe COVID-19 restrictions for outdoor work, showed an increase of 9,600 jobs (+7.6 percent).
Among service-providing industries, leisure & hospitality lost 55,600 jobs over the year, a decrease of 17.9 percent. Educational & health services lost 19,000 jobs (-3.9 percent), while employment in trade, transportation & utilities was down by 18,000 (-3.3 percent).
Professional & business services lost 13,600 jobs (-3.6 percent) and the information sector lost 3,400 jobs (-7.3 percent). Government employment moved to the negative side of the spreadsheet, losing 9,300 jobs (-2.1 percent) over the year.
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To view the full October 2020 Missouri Job Report, click here.