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St. Charles County’s jobless rate at 3 percent, lowest one-month rate since 2001

St. Charles County’s unemployment rate in May dropped to 3 percent, the lowest it’s been since last November and December, and the lowest recorded one-month rate for the county since 2001.

The county’s May rate was also the lowest among five neighboring counties and the city of St. Louis.  St. Louis, Jefferson, Franklin, Warren and Lincoln counties rates were below four percent and the city’s rate dropped below five percent in May. The statistics and estimates are compiled by the Missouri Economic and Research Information Center.

The last time a one-month unemployment rate was at 3 percent or lower in St. Charles County was last November and December last year when the rate estimated at 3 percent for both months. The last time before that was in May 2001 when the county’s jobless rate was estimated at 2.9 percent.

In the year 2000, the county’s jobless rate for the year was 2.6 percent.  The highest annual rate reached 8.5 percent in 2009 during the recession.  The county’s jobless rate for 2015 was 3.9 percent.

The county’s jobless rate was 3.3 percent in April and 4 percent in March. The rate dropping below 4 percent is also relatively recent — the rate was below 4 percent for some months in 2015 and in October 2014, when it stood at 3.9 percent.  But the last time before that was 3.4 percent in April 2007.

In all, 214,298 of the county’s estimated workforce of 220,981 were employed in May, according the center’s statistics. The center estimated that 6,683 persons were unemployed in May, compared to 7.191 in April. Last May, an estimated 9,055 county residents were jobless.

Nationally the jobless rate was 4.7 percent in May, down from 5 percent in April. Missouri’s jobless rate was 4.3 percent in May, the same rate as April, Unemployment rates in May dropped below 4 percent throughout much of the Missouri portion of the St. Louis region and down from the month before in Jefferson, Franklin, Lincoln, St. Louis County and the city of St. Louis.

St. Louis County’s rate remained at 3.7 percent in May, compared to 4 percent in April, and 5 percent last May. The city of St. Louis’ rate was 4.6 percent in May, down from 5.1 percent in April and 6.5 percent in May 2015.

Jefferson County’s jobless rate was 3.6 percent in May, down from 4 percent in April, and 5.2 percent last May.  Franklin County’s jobless rate was 3.8 percent in May, down from 4.1 percent in April, and 5.4 percent last May.

Lincoln County’s jobless rate was 3.8 percent in May, down from 4.2 percent in April, and 5.3 percent last May. Warren County’s jobless rate was 3.5 percent in May, down from 3.9 percent in April, and 5 percent last May.

There were minor fluctuations 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 2.7 percent in May, down from 2.9 percent in April, and 3.6 percent last May.2.8

St. Charles’ jobless rate was 3.2 percent in May, down from 3.4 percent in April, and 4.2 percent last May. St. Peters’ jobless rate was 2.8 percent in May, down from 3.1 percent in April and 3.9 percent last May.  Wentzville’s jobless rate was 2.5 percent in May, down from 2.6 percent in April, and 3.5 percent last May.

 

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