Thursday, November 18, 2010
Missouri’s net payroll fell by 2,900 jobs in October and the state’s unemployment rate ticked up one-tenth of a point to 9.4 percent during the month.
Callaway County’s unemployment figures for October are not yet available but the county’s not seasonally adjusted jobless rate has been falling since August after gaining in May, June and July.
Callaway County’s jobless rate this year started at 8.5 percent in January. In February and March it was 8.7 percent. In April it fell to 7.0 percent but gained to 7.2 percent in May. It was 7.9 percent in June, 8.2 percent in July, 7.9 percent in August and 7.4 percent in September.
The national unemployment rate remained at 9.6 percent and has essentially remained unchanged since May.
Missouri’s not seasonally adjusted unemployment rate has been increasing since May when it was 8.7 percent. It was 9.3 percent in June and 9.4 percent in July and August.
Missouri’s seasonally adjusted unemployment rate was at 9.4 percent in October, compared to 9.3 percent in both August and September.
For October, the Missouri Department of Economic Development reports that the state lost 2,800 jobs in the arts, entertainment and recreation sector.
Missouri’s manufacturing sector added 1,800 jobs and more than 1,000 jobs were added by private educational services.
Total non-farm payroll in Missouri during October was 2,655,800 jobs, a seasonally-adjusted decrease of 2,900 from the September figure.
The national unemployment rate has remained at about 9.6 percent since May.
On Wednesday the U.S. Bureau of Labor Statistics reported the Consumer Price Index for all urban consumers increased 0.2 percent in October on a seasonally adjusted basis. During the last 12 months the nation’s all items index increased 1.2 percent before seasonal adjustment.
The gasoline index rose for the fourth consecutive month and accounted for almost 90 percent of the all items increase.
During the last 12 months, the consumer price index for all items less food and energy has risen 0.6 percent, t he smallest 12-month increase in the history of the index, which dates to 1957.
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