SIGN OF STABILITY A BRIGHT SPOT FOR NIXON
Missouri's unemployment rate dropped two-tenths of a point to 9.3 percent in October, keeping the Show-Me State's jobless rate about one full point below the national average.
Nationally, the unemployment rate rose to 10.2 percent last month. This is the eighth consecutive month that Missouri's unemployment rate was lower than the national average. The state's total nonfarm payroll increased by about 4,000 jobs.
"The October unemployment percentages suggest that Missouri’s job market continues to stabilize while demonstrating what independent economic sources have already been reporting about the health of our state’s economy," said Gov. Jay Nixon in a statement. "We are encouraged by these improving indicators and determined to move forward in creating good-paying jobs and continuing to work to secure investment in Missouri."
The Department of Economic Development cited a Moody's Economy.com report that Missouri was one of 11 states showing signs of emerging from the national recession.
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