Home >> News >> Jobless rate at eight-year low

Jobless rate at eight-year low

St. Charles County’s unemployment rate in September was the lowest for a single month in nearly eight years.

The county’s jobless rate dropped to 3.5 percent, the lowest one-month rate since 3.4 percent in April 2007, according to statistics from the Missouri Economic Research and Information Center. The rate dropped from 3.9 percent in August. Last September, the county’s jobless rate was 4.4 percent.

In all, an estimated 203,222 of the county’s workforce of 210,678 in September were employed, according to the center’s statistics. The number of jobless estimated in the county in September was down to 7,456 persons, the first time that number has been below 8,000 persons since August 2007. In September 2014, there were an estimated 9,200 persons listed as unemployed.

The county’s jobless rate was the lowest among neighboring Missouri counties in September and the second lowest among counties in the state with a labor force of more than 100,000. Only Boone County, which includes the city of Columbia, had a lower jobless rate at 3.1 percent in September among the largest counties in the state.

Nationally the jobless rate was 5.1 percent in September, the same rate as August. Missouri’s jobless rate was 5.3 percent in September, compared to 5.6 percent in August.

September jobless rates were also down in counties adjacent to St. Charles County as well as the city of St. Louis – in most cases, a percentage point drop from September 2014.

St. Louis County’s rate was 4.3 percent in September – down from 4.9 percent in August and 5.4 percent last September. The city of St. Louis’ jobless rate was 5.7 percent in September, down from 6.5 percent in August, and 7.1 percent last September

Jefferson County’s jobless rate was 4.3 percent in September, down from 4.7 percent in August, and 5.4 percent last September. Franklin County’s rate was 4.4 percent in September, down from 5 percent in August, and 5.4 percent last September.

Lincoln County’s jobless rate was 4.4 percent in September, down from 5 percent in August, and 5.5 percent last September. Warren County’s jobless rate was 4.2 percent in September, down from 4.6 percent in August and 5.6 percent last September.

There were also drops in the jobless rates among the St. Charles County’s four largest municipalities. O’Fallon – the county’s largest city – had a jobless rate of 3.1 percent in September, down from 3.4 percent in August, and 3.9 percent last September.

St. Charles’ jobless rate was 3.6 percent in September, down from 4 percent in August and 4.6 percent last September. St. Peters jobless rate was 3.4 percent in September, down from 3.8 percent in August and 4.3 percent last September. Wentzville’s jobless rate was 3.1 percent in September, down slightly from 3.3 percent in August, and 3.8 percent last September.

Print Friendly, PDF & Email
Share this:

Comments

comments

X