Mo. unemployment rate reaches 25-year high

Friday, January 23, 2009
In this Monday, July 14, 2008 file photo, cars drive past the Anheuser-Busch brewery in St. Louis. The $52 billion sale of iconic St. Louis brewer Anheuser-Busch Cos. Inc. to InBev SA highlighted what was an overall difficult year for business in Missouri. InBev agreed to make St. Louis its North American headquarters, but the merger has already taken a toll -- 1,400 Anheuser-Busch workers, about 1,000 of them in St. Louis, saw their jobs eliminated 2 1/2 weeks before Christmas.(AP Photo/Jeff Roberson, File)

JEFFERSON CITY, Mo. (AP) — Missouri's unemployment rate hits its highest mark in 25 years, increasing by more than half a point to 7.3 percent in December.

Jobless numbers released Friday by the state Department of Economic Development show that 2008 was a difficult year for workers. The state lost 26,500 jobs during the year, which includes 9,500 in transportation manufacturing and 4,700 in financial activities.

In December, Missouri's unemployment hit its highest mark since April 1984, climbing from 6.7 percent in November.

Last month, the state shed 1,600 jobs, including 2,500 in the manufacturing sector. But that was partially buoyed by the addition of 2,000 jobs in the private education, health care and social assistance sector.

Respond to this story

Posting a comment requires free registration: