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Jobless rate dips below 4 percent

St. Charles County’s unemployment rate in February was back down below 4 percent and remained the lowest among Missouri counties in the St. Louis region.

The county’s February jobless rate was 3.9 percent, compared to 4 percent in January and 4.7 percent last February. The 3.9 percent rate was among the lowest one-month rate for the county in recent years, and ranked it among nine counties statewide with jobless rates below four percent for the month.

Before 2015, the last time the county had a rate lower than 4 percent was 3.9 percent in March 2007, according to statistics from the Missouri Economic Research and Information Center.

In all, 211,158 of the county’s estimated workforce of 219,748 were employed in February according to statistics gathered by the center. There were an estimated 8,590 persons in the county without jobs in February, compared to 8,598 in January and 10,062 persons estimated to have been jobless last February.

Nationally the unemployment rate was 4.9 percent in February, the same rate as January and down from 5.5 percent last February. Missouri’s jobless rate was 4.2 percent in both February and January, down from 5.3 percent last February.

Unemployment rates in February varied throughout the Missouri portion of the St. Louis region. February jobless rates in Jefferson, Franklin and St. Louis counties were up and down from the previous month but all remained above 4 percent.

There were also fluctuations in the unemployment rates among St. Charles County’s four largest municipalities. Jobless rates for last February were not available.

O’Fallon, the county’s largest city, had a jobless rate of 3.4 percent in February, the same rate as January. St. Charles’ jobless rate was 4.3 percent in February, up from 4 percent in January. St. Peters’ jobless rate was 3.5 percent in February, up slightly from 3.4 percent in January. Wentzville’s jobless rate was 3.2 percent in February, down from 3.8 percent in January.

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