Missouri Jobless Rate Dips Slightly In July

Missouri’s unemployment rate has edged down by a tenth of a point in July to 5.6 percent, on a seasonally adjusted basis. The rate is a tenth of a point lower than it was a year ago and marks the first decrease in seasonally adjusted unemployment since February. It compares favorably to the national jobless rate of 6.2 percent. It’s estimated approximately 165,000 Missourians were out of work in July. The unadjusted employment rate remained unchanged at 5.8 percent, compared to a 6.3 percent unadjusted rate at the national level.