Employment Snapshot - St. Louis, MO-IL February-2023

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

Market Employment Summary

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Additional Benchmarking Resources

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Overall unemployment rate moved down to 2.8% with the biggest shift in Education & Healthcare, which gained 5,900 roles, based on the most recently available information published in April 2023.

Total employment in the St. Louis, MO-IL market rose by 15,691 jobs in February and the unemployment rate decreased compared to the prior month by 20 bps to 2.8%. The national unemployment rate increased by 3 bps over the same time to 3.9%.

St. Louis, MO-IL unemployment rate is 109 bps below the national rate which is a positive sign.
Unemployment in the market is 90 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in February versus prior month by 3.9% and are down compared to last year at this time in the market.

Month over Month Unemployment Change

Year over Year Unemployment Change

St. Louis, MO-IL Unemployment February 2023

For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:

Education & Healthcare: 269,400; +5,900
Transportation & Utilities: 261,300; -2,400
Business Services: 217,400; +2,700
Government: 154,200; +2,100
Restaurants & Hotels: 141,900; +3,100
Manufacturing: 119,300; +3,600
Financial Services: 97,600; +500
Construction, Mining: 67,600; +900
Other Jobs: 55,200; +200
IT & Development: 28,300; -200

Employment Change by Key Sector

St. Louis, MO-IL Unemployment by Industry February 2023

Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

St. Louis, MO-IL