Jobs report: Unemployment down, wages stagnant

3 years 7 months 2 weeks ago Wednesday, October 08 2014 Oct 8, 2014 Wednesday, October 08, 2014 1:35:00 PM CDT October 08, 2014 in News
By: Michael Doudna, KOMU 8 Reporter
loading

COLUMBIA - A federal report says labor demand is at its highest level since 2001. 

A Tuesday U.S. Bureau of Labor Statistic's Job Opening and Labor Turnover Survey (JOLTS) said there were 4.835 million job openings across the United States. If accurate, that would be the most job openings in the United States in 13 years.

Economists often use job openings to determine labor demand. 

The JOLTS report comes on the heels of last week's federal jobs report which said unemployment fell below 6 percent for the first time since the Bush administration. 

Mid-Missouri's unemployment is even better than the national average. Boone County has one of the lowest unemployment rates in the state, at about 4.5 percent. Cole and Callaway counties unemployment rates are slightly higher, at slightly above 5 percent.

According to JobFinders President Anne Williams, mid-Missouri's economy is looking up. Williams said hiring in almost every field has been great and that growth has "no end in sight." However, Williams said the growth this time around has been more controlled, thanks to memories of a recession just a couple years ago. 

Williams is president of JobFinders, a business which has connected potential employees with employers for 28 years. Williams says all the businesses she works with have been hiring.

JobFinders, itself has grown. After cutting its staff to around 70 during the height of the recession, Williams says her staff is now more than 200.

National growth has not been that explosive, but last week's jobs report says hiring is up 29 percent since the height of the recession in 2009.  

While most economic indicators have been good, median wages have remained stagnant. Also according to the September jobs report, the amount of people participating in the workforce reached a three decade low. 

 

 

 

More News

Grid
List
JEFFERSON CITY - More than five hundred Missourians have lost their hunting, fishing and trapping licenses after a Department of... More >>
9 minutes ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 1:48:00 PM CDT May 25, 2018 in News
HARRISONVILLE (AP) — Authorities say a 12-year-old northeast Missouri boy fought off an attempted abduction by hitting the... More >>
5 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 8:53:46 AM CDT May 25, 2018 in News
COLUMBIA - Missouri State Highway Patrol is investigating an early morning crash on I-70 Westbound. It caused major backups... More >>
5 hours ago Friday, May 25 2018 May 25, 2018 Friday, May 25, 2018 8:47:00 AM CDT May 25, 2018 in News
COLUMBIA - On Thursday, the Columbia Airport Advisory Board announced the TSA approved a security screening lane to open by... More >>
14 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 11:41:00 PM CDT May 24, 2018 in News
COLUMBIA- May is known for Mother’s day, Memorial Day and in Missouri, the start of tick season. “May, June... More >>
17 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 8:21:00 PM CDT May 24, 2018 in News
COLUMBIA – The Columbia City Council discussed a recent engineering study today centering on increasing traffic flow east of Columbia.... More >>
18 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 7:11:00 PM CDT May 24, 2018 in News
LAKE OZARK - The Missouri State Highway Patrol is encouraging people to practice safe boating ahead of Memorial Day weekend.... More >>
19 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 6:55:00 PM CDT May 24, 2018 in News
HOLTS SUMMIT - After two months without a police department, New Bloomfield finally has one thanks to the city of... More >>
20 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 5:50:00 PM CDT May 24, 2018 in News
COLUMBIA - The University of Missouri has agreed to pay $50,000 to settle a lawsuit filed after Athletic Director Jim... More >>
21 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 4:54:00 PM CDT May 24, 2018 in Sports
MONROE CITY - Some people diagnosed with Parkinson’s Disease fight back, as did Michael Crager, the founder of Rock Steady... More >>
21 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 4:18:00 PM CDT May 24, 2018 in News
JEFFERSON CITY – The U.S. Department of Health and Senior Services made changes to a family planning program, which the... More >>
22 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 3:56:00 PM CDT May 24, 2018 in News
JEFFERSON CITY - In sometimes heated testimony, members of a Special House Investigative Committee looking into the Eric Greitens... More >>
22 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 3:54:00 PM CDT May 24, 2018 in News
JEFFERSON CITY - A report on a statewide rape kit audit shows that there are at least 4,889 untested sexual... More >>
22 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 3:23:00 PM CDT May 24, 2018 in News
JEFFERSON CITY - With the holiday weekend approaching, Mothers Against Drunk Driving (MADD) and Save Our Air Medical Resources (SOAR)... More >>
1 day ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 1:28:00 PM CDT May 24, 2018 in News
COLUMBIA – More than 36 million drivers will hit the road during Memorial Day Weekend, according to AAA. Just... More >>
1 day ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 12:20:00 PM CDT May 24, 2018 in News
JEFFERSON CITY - A statewide program bringing together prisoners and puppies is celebrating a major milestone. A four-month-old redbone... More >>
1 day ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 10:15:00 AM CDT May 24, 2018 in News
WASHINGTON (AP) — President Donald Trump says he thinks Kim Jong Un wants to do "what's right" but says it's... More >>
1 day ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 10:09:00 AM CDT May 24, 2018 in News
RANDOLPH COUNTY - A Huntsville man pleaded guilty to murder on Tuesday and received a life sentence with no chance... More >>
1 day ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 8:37:00 AM CDT May 24, 2018 in News
Columbia, MO
Broken Clouds 74°
2pm 85°
3pm 85°
4pm 85°
5pm 84°