Missouri's unemployment rate dropped to its lowest point in nearly four years - good news for incumbent Jay Nixon with the election three weeks away.
The state Department of Economic Development announced this morning that the rate is 6.9 percent - down three-tenths of a point from August, and nearly three points below its recession-era peak in August of 2009.
The state says companies added 2,500 jobs in September, bringing the total number of new jobs this year to 24,700.
Two years ago the small northeast Missouri town issued $39 million in bonds to get the company to build an artificial sweetener plant. Mamtek later missed a bond payment and construction halted, and Moberly’s bond rating was downgraded as a result. State Auditor Tom Schweich (R) said the due diligence procedures used by the DED were woefully inadequate.
Senate Republicans have scuttled Gov. Jay Nixon's nominee to direct the Missouri Department of Economic Development.
The Senate Gubernatorial Appointments Committee refused to vote Wednesday on confirming Jason Hall to head the department. Senate President Pro Tem Rob Mayer says he has no intention of bringing Hall up for a committee vote before the deadline to confirm him expires.
The director of Missouri's Department of Economic Development is stepping down at the end of the year.
In a news release Tuesday from Gov. Jay Nixon, department director David Kerr cited a desire to spend more time with his family after working for 35 years in the public and private sectors. Nixon said he would move quickly to select a new director.