Overall unemployment rate moved up to 3.0% with the biggest shift in Transportation & Utilities, which gained 5,300 roles, based on the most recently available information published in February 2022.
Total employment in the St. Louis, MO-IL market declined by 1,029 jobs in December and the unemployment rate increased compared to the prior month by 10 bps to 3.0%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- St. Louis, MO-IL unemployment rate is 69 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 10.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 270,900; +5,300
- Education & Healthcare: 257,100; -2,000
- Business Services: 210,600; +1,100
- Government: 147,400; -200
- Restaurants & Hotels: 130,100; +1,000
- Manufacturing: 115,500; -400
- Financial Services: 87,300; -800
- Construction, Mining: 72,100; -400
- Other Jobs: 49,700; +200
- IT & Development: 25,100; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.