DED releases May jobs report

May jobs report highlights:

  • Missouri non-farm payroll employment increased by 2,500 jobs in May
  • Missouri’s seasonally adjusted unemployment rate remained at 3.3 percent.

To view the May 2019 jobs report, click here.

Economic indicators you need to know: 

Job growth and record low unemployment fuel Missouri’s workforce

  • The number of jobs in the state continues to rise.
    • Missouri’s economy added 2,500 jobs this month.
    • Over the past year, employment has grown by 31,000 jobs. 
  • Unemployment remained steady at near record lows.                      
    • Missouri’s seasonally adjusted unemployment rate was 3.3 percent.
    • Out of the roughly 3 million individuals in Missouri’s civilian labor force, only an estimated 101,321 were unemployed in May.
  • Missouri continues to see over-the-year job gains across key industries.
    • Accommodation and Food Services (+10,400 jobs, up 4 percent)
    • Manufacturing  (+7,600 jobs, up 2.8 percent)
    • Health Care and Social Assistance (+10,800 jobs, up 2.6 percent)
    • Professional, Scientific and Technical Services (+4,200 jobs, up 2.6 percent) 

Missouri sees growth in annual average wages

  • Missouri has seen wage growth every year for the past four years.

Missouri’s annual average wage growth over time. Source: U.S. Bureau of Labor Statistics.

  • Missouri’s statewide annual average wage reached an all-time high of $49,050 in 2018, a 3.6 percent increase over 2017 and a 10.6 percent increase over 2014. 
  • Several Missouri counties saw particularly high average wage increases in 2018:
    • Newton County, home to Neosho and metro Joplin (+13.7 percent)
    • St. Louis County (+5.2 percent) and St. Louis City (+4.2 percent)
    • Webster County, home to Marshfield and metro Springfield (+4.4 percent)
  • 74 percent of Missouri’s 114 counties had an annual average wage increase of more than 2 percent in 2018. Only three counties have seen wage decreases since 2014.
  • St. Louis City and County each had an annual average wage of over $60,500 in 2018. Jackson County, home to Kansas City and Independence, reached an annual average wage of $56,500.

The figures above are drawn from the Quarterly Census of Employment and Wages (QCEW), a cooperative program between the U.S. Bureau of Labor Statistics and the Missouri Department of Economic Development. A full breakdown of QCEW data can be found here

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