According to Missouri Department of Economic Development statistics, Missouri’s unemployment rate fell to 6.7 percent in November.
The latest unemployment rate is the lowest it has been in 49 months. Also declining however is Missouri’s employment rate, which decreased by 6,800 in November.
“The fact that Missouri’s unemployment rate is the lowest in 49 months is encouraging,” said Ray McCarty, president of Associated Industries of Missouri. “However, because the total number of jobs has also decreased, there is still a need for Governor Nixon and legislators to come together on pro-business legislation that will promote job growth in the Show Me State. Programs like a 50 percent business income tax cut or worker’s compensation reform would give businesses the certainty they need to reinvest in their companies and create jobs.”
According to the department’s release, the U.S. unemployment rate for November was 7.7 percent.