October 30, 2003

Scotland County Unemployment Rate Among Lowest In Missouri

Unemployment numbers in Scotland County dropped following a statewide trend that found local employees fairing much better than the state average.

According to the report from the Missouri Department of Economic Development, the unemployment rate in Scotland County fell to 2.8 percent in September. Thatís compared to 4.1 percent in August and 4.6 percent in July. A year ago the unemployment rate for Scotland County was 3.6 percent.

ďOnce again the unemployment rate is an encouraging economic indicator for Missouri because it is moving downward and continues to be well below the national rate,Ē said DED Director Joseph L. Driskill. ďIn addition, we are pleased to see an increase in employment during the month of September. We see this as a positive sign of economic growth and vitality in our state.Ē

Missouriís seasonally adjusted unemployment rate decreased to 5.4 percent as the rate continues to decline since the peak of 5.7 percent reached in June. There were fewer Missourians unemployed in September (162,200) than there were in 2002 (164,800).

The national labor market conditions remained relatively unchanged in September, staying put at 6.1 percent.

Scotland County compared favorably to neighboring counties. Clark County retained the highest unemployment rate at 6.5 percent in September 2003, despite a dramatic decline from the 10.3 percent mark in July. Schuyler County unemployment in September was 5.3 percent while Adair County was 3.9, Lewis County was at 3.8 and Knox County at 3.5 percent.

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