Gov. Nixon Applauds Jobs Report

| May 15, 2013
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Missouri Governor Jay Nixon is pleased with the April 2013 jobs report released Tuesday by the State Department of Economic Development.  The report shows employers created more than 12,000 new jobs last month while the state’s unemployment rate fell to 6.6 percent – well below the national average of 7.5.

Gov. Nixon attributed part of the employment increase to a gain in tech industry jobs.  He cited a report released by TechAmerica, which ranked Missouri the third best state when it came to adding tech jobs in 2012.

“We’ve been successful in fostering a stable, pro-business economy that is helping companies of all sizes invest in our state, create jobs for our outstanding workforce, and ensure that Missouri remains a place attractive to live and work,” Gov. Nixon said.

In addition, a number of corporations and businesses announced major expansions in Missouri during the month of April, according to the state economic department.  Monsanto led the pack (675 new jobs created, $400 million capital investment in Chesterfield).  It was followed by Yanfeng USA Automotive Trim Systems (263 new jobs created, $45 million capital investment in Riverside) and the CertainTeed Corporation (100 new jobs created, $100 million capital investment in Jonesburg).

Press Release from the Missouri Department of Economic Development

JEFFERSON CITY – Missouri employers added thousands of new jobs while the state’s unemployment rate fell during April, according to data released Tuesday by the Missouri Department of Economic Development (DED). The state’s seasonally-adjusted unemployment rate fell one-tenth of a point to 6.6 percent for the month, the 44th consecutive month Missouri’s rate was lower than the national unemployment rate, while payroll employment grew by 12,100 jobs.

In comparison, the U.S. seasonally-adjusted unemployment rate for April stood at 7.5 percent. Missouri’s current rate of 6.6 percent has now fallen three full points since its peak (9.6) in August 2009. The last time Missouri’s unemployment rate was lower than this month was in October 2008.

Industries that showed the largest gains in April included leisure and hospitality (+4,800); trade, transportation and utilities (+2,500) and manufacturing (+1,400).

In addition, a number of corporations and businesses announced major expansions in Missouri during the month of April, led by Monsanto (675 new jobs created, $400 million capital investment in Chesterfield), Yanfeng USA Automotive Trim Systems (263 new jobs created, $45 million capital investment in Riverside) and the CertainTeed Corporation (100 new jobs created, $100 million capital investment in Jonesburg).

Press Release from the Office of Governor Jay Nixon

JEFFERSON CITY – Gov. Jay Nixon says the April jobs report released Tuesday shows Missouri’s economy continues its momentum in the right direction. The April jobs report showed that Missouri employers created more than 12,000 new jobs during the month, while the state’s unemployment rate fell to 6.6 percent, lower than the U.S. unemployment rate for the 44th consecutive month.

The Governor also said the gain in tech industry jobs – highlighted in a report released from the TechAmerica Foundation – demonstrates how the technology and science sectors continue to grow in the Show-Me State, with Missouri posting the third highest percentage increase in tech industry jobs last year in the nation.

“We continue to see the strong, positive indicators for our economy, both in the jobs report and in this national tech industry study,” Gov. Nixon said. “Those indicators can be seen in announcements by companies as large as Monsanto, Ford and IBM, and in the growth of small businesses in towns across the state. We’ve been successful in fostering a stable, pro-business economy that is helping companies of all sizes invest in our state, create jobs for our outstanding workforce, and ensure that Missouri remains a place attractive to live and work.”

Category: Local News, News, State News