Columbia ranks second in the nation for lowest unemployment rate

4 months 2 weeks 6 days ago Friday, December 01 2017 Dec 1, 2017 Friday, December 01, 2017 12:38:00 PM CST December 01, 2017 in News
By: Emily Sanderson, KOMU 8 Reporter
loading

COLUMBIA - The city is taking strides towards economic development, marking a new record-low rate for unemployment, second lowest in the nation. 

According to the Bureau of Labor Statistics, the city held a rate of 1.5 percent for the month of October, following close behind the number one ranked city, Ames, Iowa with a rate of 1.4 percent.  

"We've always maintained a low unemployment rate but this is one we haven't seen in quite some time," Executive Vice President of REDI Bernie Andrews said. 

The rate dropped almost one percent from the previous month, where it stood at 2.3 percent.

Andrews said the drop is a result of new and expanding businesses in the Columbia area.

"Most of manufacturers in town are expanding and adding jobs, and then when you look at a company like Veterans United, they've had phenomenal growth in the past 15 years, so all those contribute to our low rate," Andrews said. 

He also credits the University of Missouri as a way of maintaining a dynamic economy.

"Because we are a university town, we have insurance and healthcare, those are pretty stable sectors of the economy and they keep up with a pretty low employment rate," Andrews said. 

City officials said the low rate helps them focus on improving related issues in the community.

"We need to address the skills gap and work towards creating more high income that don't require a college education," Councilman Michael Trapp said. 

Andrews added the low rate helps bring about more opportunities for those people in need.

"We now have agencies like Job Point that help people that have been unemployed, get into short term training programs and they can get out there into the field just within a couple of months and get into a new career," Andrews said. 

Andrews said he hopes to add more programs like these to provide more living wage opportunities in the future. 

More News

Grid
List
JEFFERSON CITY - Friday was the anniversary of the Columbine shooting, and on Saturday, members of the Jefferson City community... More >>
9 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 10:03:00 PM CDT April 21, 2018 in News
COLUMBIA - U.S. Rep. Vicky Hartzler, R- Harrisonville announced the winner of her annual congressional art competition Saturday afternoon. ... More >>
15 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 4:29:00 PM CDT April 21, 2018 in News
COLUMBIA - Community members took laps around the MizzouRec Saturday to raise money for Relay For Life of Mizzou’s main event,... More >>
16 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 3:14:00 PM CDT April 21, 2018 in News
LAKE OZARK - For the past five years, Osage Heritage Elementary has hosted a Color Run to raise funds for... More >>
18 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 1:29:00 PM CDT April 21, 2018 in News
CLAYTON (AP) — A former St. Louis-area teacher will be on five years of probation for having sex with a... More >>
23 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 8:43:59 AM CDT April 21, 2018 in News
UNIVERSITY CITY (AP) — A former St. Louis-area day care teaching assistant has been found guilty of molesting a 5-year-old... More >>
23 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 8:40:09 AM CDT April 21, 2018 in News
JEFFERSON CITY -- Firefighters responded to a structure fire in the 100 block of E. Ashley St. at 11:08 p.m.... More >>
1 day ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 6:27:00 AM CDT April 21, 2018 in News
JEFFERSON CITY (AP) — Missouri legislators approved numerous changes Thursday to local elections, including allowing voters to request absentee ballots... More >>
1 day ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 5:27:13 AM CDT April 21, 2018 in News
MILLER COUNTY - Casey Shoemate, a 26-year-old Miller County sheriff's deputy, died Friday night after colliding head-on with another vehicle... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 10:05:00 PM CDT April 20, 2018 in News
COLUMBIA- Retailer Sears will close its Columbia Mall store this summer because the location has become unprofitable. Sears Director... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 8:46:00 PM CDT April 20, 2018 in News
COLUMBIA- A local non-profit organization, Columbia Access Television, hosted a 24-hour film contest that started Friday at 5:30 pm. ... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 7:13:00 PM CDT April 20, 2018 in News
LAKE OZARK - Community members are coming together to help a family who lost their children in a fire get... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 7:10:00 PM CDT April 20, 2018 in News
COLUMBIA – As more and more fraternities face misconduct charges across the nation, the Greek community of MU is looking... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 6:13:00 PM CDT April 20, 2018 in News
ST. LOUIS - Gov. Eric Greitens is remaining defiant in the face of a new felony charge. On... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 5:45:00 PM CDT April 20, 2018 in News
COLUMBIA - Children filled school gymnasiums across Columbia for the second day of the Unbound Book Festival. The festival showcases... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:42:00 PM CDT April 20, 2018 in News
COLUMBIA - April 20 marks the day of the Columbine school shooting, which claimed 13 lives. The Columbia Missouri... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:26:00 PM CDT April 20, 2018 in News
COLUMBIA - A potential fire station project on an annexed lot in southwest Columbia could lead to quicker response times... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:21:00 PM CDT April 20, 2018 in News
JEFFERSON CITY - After the deadly fire in Lake Ozark, officials from the Division of Fire Safety are working to... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:01:00 PM CDT April 20, 2018 in News
Columbia, MO
Broken Clouds 51°
8am 51°
9am 52°
10am 54°
11am 57°