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JEFFERSON CITY, Mo. (AP) - Missouri's unemployment rate declined in November while payrolls expanded by 15,000 jobs.
 
The Missouri Department of Economic Development reported Tuesday the jobless rate fell to 6.1 percent in November from 6.5 percent in October.
 
The leading gainer was educational and health services, which added 5,200 jobs last month. The construction sector grew by 2,300 and professional and business services increased by 2,000 jobs. The information, leisure and hospitality sectors each declined by 200 jobs.
 
Missouri's civilian labor force was about 3 million, which is down 244 from October. The labor force includes people with jobs and those who are on unemployment but looking for work.
Published in Local News
Thursday, 07 November 2013 03:50

World markets cautiously await key US data

   KUALA LUMPUR, Malaysia (AP) — Global stock markets were mostly weaker Thursday, with a cautious mood prevailing ahead of key U.S. data that will provide further clues on when the Federal Reserve will cut monetary stimulus.

   Major European benchmarks were muted in early trading. Britain's FTSE 100 fell 0.3 percent to 6,724.16 and France's CAC-40 added 0.1 percent to 4,290.43. Germany's DAX gained 0.1 percent to 9,047.30.

   Futures pointed to a weaker open on Wall Street where Twitter will start trading following an initial public offering that valued the social network at $18 billion. S&P 500 and Dow Jones futures were both down 0.1 percent.

   Stan Shamu, market strategist for IG in Melbourne, Australia, said investors are staying on the sidelines ahead of the release of the advance estimate of U.S. third quarter economic growth later Thursday and October jobs figures on Friday.

   Both reports could signal how much longer the Federal Reserve will continue its bond purchases at the current $85 billion a month rate. That program has held down interest rates, kept bond yields low and made stocks more attractive for investors.

   Market expectations are also growing that the European Central Bank and the Bank of England may disappoint and not cut interest rates at policy meetings Thursday to shore up a recovery from recession, he said.

   "With two central banks, a U.S. GDP and jobs report all due out, we were always bound to see some nervous trading," Shamu said.

   DBS Vickers in Hong Kong said in a market commentary that the ECB is likely to put off a rate cut amid a pick-up in production and confidence, but it may open the door for possible easing in December when it releases its quarterly economic projections,

   Earlier in Asia, Japan's Nikkei 225 shed 0.8 percent to 14,228.44 and Hong Kong's Hang Seng lost 0.7 percent at 22,881.03. China's Shanghai Composite fell 0.5 percent to 2,129.40 and Seoul's Kospi dropped 0.5 percent to 2004.04.

   Benchmark crude for December delivery was down 17 cents at $94.63 in electronic trading at the New York Mercantile Exchange. The contract rose $1.43 to close at $94.80 a barrel on Wednesday.

   The euro rose to $1.3520 from $1.3510 late Wednesday. The dollar was little changed at 98.68 yen.

Published in National News
Tuesday, 30 July 2013 13:04

New jobless numbers for St. Louis area

The Bureau of Labor Statistics has released the June jobless numbers and the unemployment rate sits at 7.6 percent in the St. Louis metro area.

That is below the national rate of 7.8 percent for June. Compared to last June, there are 18,000 more workers.

The industry that saw the biggest increase in jobs was trade, transportation, and utility--they added 8,500 employees. Government employment meanwhile shed 4,000 jobs. 

 

Published in Local News

More good news from the latest St. Louis jobs report.

The metro area's unemployment rate fell to 6.7 percent in April. That is substantially better than the national rate of 7.1 percent.

Trade and utility workers saw the biggest increase in employment last month, adding nearly 10,000 jobs. And for the second month in a row, the government experienced the sharpest contraction, shedding 4200 jobs.

Published in Local News

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