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Unemployment rates remain low

St. Charles County’s unemployment rate in May was up slightly from a month before, according to recently released data. However, the county’s jobless rate remains lower than the nation, state and neighboring Missouri counties in the St. Louis area.

And while jobless rate in general have risen slightly since April, the rates are much lower nearly across the board than they were in May 2014, suggested a continued recovery from the nation’s recession in recent years. The statistics are the latest available from the Missouri Economic Research and Information Center.

The county’s jobless rate was estimated at 4.5 percent of its workforce in May, up from April’s 4.3 percent. That rate, however, was the second lowest jobless rate for the county so far in 2015. Last April, the county’s jobless rate was 4.9 percent.

In all, 203,605 of the county’s estimated workforce of 213 228 were employed in May, with 9,623 persons without jobs. The number of estimated unemployed fell below the 10,000 mark for the second month in a row. Last May, an estimated 10,236 persons were listed as unemployed.

Nationally the jobless rate was 5.3 percent in April, up from 5.1 percent. Missouri’s jobless rate was 5.7 percent in May, compared to 5.5 percent in April. A year ago, both the nation’s and Missouri rates were 6.1 percent in May.

Unemployment rates this May were also up slightly in five neighboring counties to St. Charles County and the city of St. Louis.

St. Louis County’s rate was 5.5 percent in May, up from 5.2 percent in April, but below 5.9 percent in May 2014. Jefferson County’s jobless rate was 5.6 percent in May, up one-tenth of a percentage point from 5.5 percent in April, and down compared to 6.2 percent in May 2014.

Franklin County’s rate was 5.8 percent in May, up from 5.7 percent in April, but still below
the 6.4 percent it was in May 2014. Lincoln County’s rate was 5.7 percent in May and April; in May 2014 the rate had been 6.3.

The city of St. Louis also saw its rate jump slightly to 7 percent, up from 6.9 percent in April. Last May, the St. Louis’ jobless rate was 7.6 percent.

There were only slight changes in the jobless rates among the county’s four largest municipalities. O’Fallon, the county’s largest city, had a jobless rate of 4 percent in May, up from 3.9 percent in April, but below the 4.3 percent it was in May 2014.

The jobless rate for the city of St. Charles was 4.6 percent in May, up from 4.5 percent in April, and down from 5 percent in May 2014. St. Peters’ jobless rate was 4.3 percent in May, up from 4 percent in April and down from its 4.5 percent rate in May 2104.

Wentzville’s jobless rate was 3.8 percent in May, up from 3.5 percent in April but still below its 4.2 percent rate in May 2014.

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