The jobless rate is the calculation of unemployed workers within the entire work force. Every state measures their unemployment rate on a monthly basis, as does the nation as a whole. The unemployment rate in Missouri and in other states provides economists and government officials with important data to help analyze the labor force. This information helps allocate funding where necessary, such as to certain business sectors or state unemployment insurance programs. While the unemployment rate does tend to fluctuate for a variety of reasons, measuring high versus low can provide details regarding the economy on a statistical level. For example, a high unemployment rate in Missouri could be an indicator of a recession or that the economy is under performing. A low jobless rate is indicative of a flourishing economy or at least one that is growing. More jobs equals more people with the ability to spend money, which equals a stronger economy.
