M ISSOURI ECONOMIC R EPOR T
MISSOURI ECONOMIC RESEARCH & INFORMATION CENTER
The environment facing Missouri workers and our state’s businesses is more challenging now than
ever before. Not just other states in the U.S., but nations around the world are competing with us for
customers, capital, resources, and jobs.
We now have more jobs in Missouri and more Missourians employed than at any time in our state’s
history…but is our state’s economy really succeeding?
This report helps to answer that question by providing the latest economic indicators for Missouri. A
variety of measures have been chosen to track the state’s progress. Each has a specifi c purpose, and
when considered together, they paint a more complete picture of how Missouri is doing.
Highlights from this report:
• Nationally, economic growth slowed in 2006. Missouri’s economic growth generally follows U.S. trends.
• Employment in Missouri has been steadily rising for the last two years. As of March 2007, Missouri
employment increased by 1.2 percent over the year, compared to the 1.4 percent national average.
• Unemployment in Missouri is low by historical standards and has been generally decreasing.
• The services sector is the fastest growing portion of the state’s economy. Missouri has had fairly widespread
growth across several industry sectors, including professional and business services, educational and health
services, leisure and hospitality services, and trade, transportation and utilities.
• Manufacturing employment has been declining in Missouri and across the U.S.
• Missouri exports set a record in 2006 with $12.8 billion in sales to 191 countries around the world.
• Personal income growth in Missouri has been steady, and per capita incomes have grown more rapidly than
• Consumer spending across the U.S. economy has been slowing, and Missouri taxable sales have followed a
Overall, these indicators show that Mi