Missouri added 4,600 jobs in May, according to data released by the Missouri Department of Economic Development. The state’s unemployment edged up a tenth of a point to 6.8%. In comparison, the U.S. seasonally-adjusted unemployment rate stood at 7.6%. This is the 45th consecutive month Missouri’s rate was lower than the national unemployment rate.
The construction industry saw the biggest gain, adding more than 3,600 new jobs. The finance and insurance, administrative and waste management services, and arts, entertainment and recreation industries also saw job gains during the month.
A number of corporations and businesses announced major expansions in Missouri, led by Reinsurance Group of America, Inc., Ford, and Express Scripts. Boeing also announced plans to open an information technology center, bringing at least 400 jobs to the St. Louis area.