Unemployment Down, Revenues Up for MO

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by Sam Clanton

 

MISSOURI – Missouri’s unemployment rate falls to 4-point-3 percent in January – the lowest it’s been since June of 2001, and below the national average of 4-point-9 percent.

The State Department of Economic Development says nonfarm payroll employment grew by 58-hundred jobs, with healthcare and social assistance industries adding 24-hundred new positions.

Construction grew by 16-hundred jobs, and durable goods manufacturing added over 12-hundred jobs.

In other financial news, the State Budget Director announced Wednesday that 2016 fiscal year-to-date net general revenue collections have increased 3-percent compared to 2015.

Sales and use tax collections grew by more than 6-percent in February, and individual income tax collections have increased 5-point-7 percent, year-to-date.

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