Every Cloud Has a Silver Lining of Mildly Hopeful Economic Indicators


Is it a bull, or a bear? - WWW.FLICKR.COM/PHOTOS/ORIGOMI
  • www.flickr.com/photos/origomi
  • Is it a bull, or a bear?
The Missouri Department of Economic Development is out with its latest jobs report.

The Bad News?
  • Missouri lost 6,400 non-farm payroll jobs in February.
  • About a quarter million Missourians were jobless last month.
  • Our unemployment rate inched up from 8.1 in January to 8.3 in February.
  • Our unemployment rate is above the national average.
But wait! There's a silver lining -- sort of...

The Mildly Good News?
  • Sure, we lost 6,400 non-farm payroll jobs last month, but we were losing an average of 11,500 per month in November, December and January. So we're losing fewer jobs. Do I smell a rally?....Is it possible to smell a rally?
  • Missouri's unemployment rate did see an uptick of two-tenths of a percentage point. But that uptick was "far less" than that of the previous month, the press release says.

The Moral of this Story?
  • It could be worse...actually, it already has been worse.


Support Local Journalism.
Join the Riverfront Times Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Riverfront Times Club for as little as $5 a month.