May data looks promising, provides hope for region

May’s workforce data shows a slight improvement for our region in the unemployment rate and employment growth. While the job postings continued to dip in May, recent numbers from June show that we are on a path to recovery.

In May our region’s employment numbers increased slightly by 17,400 jobs to 997,300. While this is only 14% of the 125,700 jobs lost to date since the pre-COVID-19 peak, it gives us hope that we can recover from our current state. Similarly, the unemployment rate dropped from 11.3% to 10.8%, a half-percent decrease.

We can only hope that June’s data continues to provide good news for our region as many of the stay-at-home orders were relaxed to allow the economy to operate. The recent surge in new cases, though, puts recent gains at risk.

Twitter Twitter
Website Website
Blog Blog

The Workforce Indicators Newsletter is published monthly by the Mid-America Regional Council on behalf of the Regional Workforce Intelligence Network. MARC is the nonprofit association of local governments and metropolitan planning organization for the bistate Kansas City region.

Copyright © 2020 Mid-America Regional Council, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.