Missouri's Economic Forecast Cloudy
Jefferson City, MO – A long-running national recession is partly to blame for Missouri's limited economic growth. That's the word from the state Department of Economic Development. A report released Wednesday finds Missouri has lost more than 77,000 jobs since the US recession began in March 2001. Many of those jobs have been in the manufacturing sector. Department spokesman Jim Grebing says the state must refocus on retaining a highly skilled workforce.
The report shows that since the recession began, Missouri attained the third highest net job loss rate in the country.