The Missouri labor market’s recovery continued in June 2020, following the major job losses earlier in the year from COVID-19 shutdowns. Employment, seasonally adjusted, increased by 71,600 jobs over the month, and over-the year job losses, though still substantial, were less than in April and May. The state’s seasonally adjusted unemployment rate decreased more than two full percentage points from May 2020 to June 2020, while May’s rate was unchanged from preliminary estimates.
Missouri’s smoothed seasonally adjusted unemployment rate went down by 2.2 percentage points in June 2020, decreasing to 7.9 percent from a revised May 2020 rate of 10.1 percent. The national unemployment rate was 11.1 percent in June 2020. Missouri’s seasonally adjusted unemployment rate has now been either below or equal to the national rate for 64 consecutive months.
While Missouri’s June employment numbers reflect improvement, work is still ahead. The state’s unemployment rate dropped significantly in June (from 10.1 percent to 7.9 percent) and it remains well below the national level (11.1 percent), but the rate is still above where Missouri was before the impact of COVID-19.
The state’s not-seasonally-adjusted rate was also 7.9 percent in June 2020, down by 1.9 percentage points from the May 2020 not-seasonally-adjusted rate of 9.8 percent. The corresponding national rate was 11.2 percent.
To see the Missouri Civilian Labor Force Data, click here.