DED releases April jobs report

May 15, 2019
Jobs are growing with unemployment at near historic lows.

April jobs report highlights:

• Missouri non-farm payroll employment increased by 11,800 jobs in April.
• Missouri's seasonally adjusted unemployment rate stood at 3.3 percent.

To view the April 2019 jobs report, click here


Economic indicators you need to know:

Job growth and record low unemployment drive workforce needs  

  •  • The number of jobs in the state continues to rise.
  •  • Missouri’s economy added 11,800 jobs this month.
  •  • Unemployment remained steady at near record lows.
  •         o Missouri’s seasonally adjusted unemployment rate was 3.3 percent.
  •         o Out of the roughly 3 million individuals in Missouri’s civilian labor force, 101,701 were unemployed in April.
  •  • Missouri sees over the year job gains across key industries.
  •         o Professional, Scientific and Technical Services (+6,000 jobs, up 3.7 percent)
  •         o Accommodation and Food Services (+7,300 jobs, up 2.8 percent)
  •         o Manufacturing (+6,500 jobs, up 2.4 percent)
  •         o Health Care and Social Assistance (+9,900 jobs, up 2.3 percent)

 

 Missouri exports reach all-time high 

  • • Missouri’s 2018 exports reached a record high of $14,499,772,351.
  • • Exports are a major driver for economic growth.
  •         o Exports account for nearly 7 percent of Missouri’s GDP.
  •         o They support approximately 90,000 jobs in the state, according to the International Trade Administration.
  • • Automotive vehicles and parts have consistently been Missouri’s number one export category over the past four years,
  •   according to data recently released by the U.S. Census Foreign Trade Bureau and WISER Trade.
  •         o Exports in this category accounted for nearly $2.1 billion in 2018, an almost 4 percent increase over 2017.
  • • Chemicals and aerospace products and parts each accounted for nearly $1 billion in 2018 exports.
  • • Pharmaceuticals and medicines topped $700 million, and oilseeds and grains reached almost $500 million, rounding out the
  •   top five sectors for 2018.

 

Data driven policy: Thousands stand to benefit from Governor's workforce agenda

Four key pieces workforce and economic development legislation passed this week, each designed to meet employer needs across the state and make Missouri more competitive. 

  • Missouri Fast Track: Fills workforce gaps through financial aid for adult learners pursuing education and training in high
  •   demand industries.
  • Missouri Works - Deal Closing Fund: Gives Missouri a negotiating tool to close deals with companies by granting tax
  •   credits earlier in a business expansion, and includes a claw back provision.
  • Automotive Economic Development Tools: Helps retain automotive jobs by granting $5 million in tax credits annually
  •   to automotive manufacturers that invest $500 million or more in plant upgrades and agree to retain current workers.
  • Missouri One Start: Improves Missouri’s workforce programs that help businesses recruit, onboard, and train large
  •   numbers of job applicants during major expansions.
  •         o Since July 2018, 209 companies have committed to training over 26,000 Missouri workers through the state's
  •         workforce development programs.
  •  

Recent Business Announcements in Missouri: 

 

More Economic Development News: