Overall unemployment rate moved down to 5.1% with the biggest shift in Restaurants & Hotels, which gained 2,800 roles, based on the most recently available information published in April 2021.
Total employment in the St. Louis, MO-IL market rose by 6,838 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 5.1%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- St. Louis, MO-IL unemployment rate is 145 bps below the national rate which is a positive sign.
- Unemployment in the market is 180 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February 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 0.1% . Key sectors include:
- Education & Healthcare: 257,300; +1,100
- Transportation & Utilities: 255,600; -2,600
- Business Services: 198,400; -300
- Government: 153,300; +1,800
- Restaurants & Hotels: 113,400; +2,800
- Manufacturing: 112,900; -700
- Financial Services: 89,900; +500
- Construction, Mining: 62,800; -1,000
- Other Jobs: 47,000; -1,100
- IT & Development: 25,000; +400
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.