Missouri’s employment numbers continue to improve

Missouri’s employment numbers continue to improve

Rep. Dale Wright Dear Friends, Missouri continues to bounce back from the devastating impact of the COVID-19 pandemic and last month we saw another month of job growth. For the month of April, the seasonally-adjusted unemployment rate in Missouri dropped to 4.1 percent, which is down from 4.2 percent in March. The change amounts to a growth of approximately 600 jobs over the month. The state has seen dramatic growth when compared to April of 2020. One year ago, Missouri’s unemployment rate was 12.5 percent. Since that time, the state has seen its unemployment rate improve by 8.4 percentage points, which amounts to nearly a quarter of a million jobs. Missouri had previously seen an unemployment rate low of 3.1 percent in July of 2018. Pre-pandemic in March of 2020, the rate was at 3.7 percent. Missouri’s unemployment rate has consistently been below the national rate every month since February 2020. The national unemployment rate increased from 6.0 percent in March to 6.1 percent in April 2021. More help on the way for students with loan repayment obligations (HB 297) During the 2021 legislative session which recently ended, legislators passed HB 297, which expands the current education savings program that helps students with their loan debt. The legislation expands Missouri’s 529 (MOST) Education Plan to include apprenticeships and student loan repayments. MOST is a tax-advantage savings plan for families in order to save for education expenses. Money in MOST accounts can be used to pay for K-12 tuition as […]

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