Overall unemployment rate moved down to 4.2% with the biggest shift in Government, which gained 7,000 roles, based on the most recently available information published in September 2021.
Total employment in the St. Louis, MO-IL market declined by 14,672 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 4.2%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- St. Louis, MO-IL unemployment rate is 109 bps below the national rate which is a positive sign.
- Unemployment in the market is 270 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 7.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 256,200; -400
- Education & Healthcare: 252,200; -100
- Business Services: 208,700; +300
- Government: 142,600; +7,000
- Restaurants & Hotels: 139,900; -1,300
- Manufacturing: 115,500; +2,200
- Financial Services: 89,900; +100
- Construction, Mining: 73,500; +200
- Other Jobs: 48,900; +200
- IT & Development: 25,400; -400
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.