Jobless Rate for October Increases

Missouri’s seasonally-adjusted unemployment rate for October was 5.4 percent – an increase of four-tenths of a percentage point. The State Department of Economic Development says the rise in jobless figures reflects temporary layoffs in the automobile...

Wire Rope Comes Under New Ownership

One of St. Joseph’s major employers is coming under new ownership. Wire Rope Corporation of America is being bought by a private equity firm. About 450 people work at the St. Joseph plant. Company officials do not expect any layoffs. The company is now owned by...

Auto Parts Company to Close Plants

An auto parts company with three plants in Missouri says it will announce late next month the locations of eight plants it is going to close. Dana Corporation also plans to modify or reject union contracts and eliminate retiree health care benefits. Dana says the plan...

What’s Seasonally Adjusted?

The state’s newest unemployment figures show the seasonally-adjusted rate down a tenth of a point. The September unemployment rate for Missouri, seasonally-adjusted, is down to an even five percent….If it’s not seasonally adjusted, the rate is 4.8...