Employment Snapshot - St. Louis, MO-IL June-2022

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 Restaurants & Hotels, which gained 9,500 roles, based on the most recently available information published in August 2022.

Total employment in the St. Louis, MO-IL market rose by 10,726 jobs in June and the unemployment rate decreased compared to the prior month by 40 bps to 2.8%. The national unemployment rate increased by 46 bps over the same time to 3.8%.

St. Louis, MO-IL unemployment rate is 104 bps below the national rate which is a positive sign.
Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in June versus prior month by 5.2% and are equal compared to last year at this time in the market.

Month over Month Unemployment Change

Year over Year Unemployment Change

For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:

Transportation & Utilities: 265,200; +700
Education & Healthcare: 249,400; -4,600
Business Services: 221,900; +1,400
Government: 151,300; -400
Restaurants & Hotels: 146,900; +9,500
Manufacturing: 119,000; +500
Financial Services: 90,000; +800
Construction, Mining: 75,400; -100
Other Jobs: 52,500; +1,600
IT & Development: 26,100; -300

Employment Change by Key Sector

St. Louis, MO-IL Unemployment by Industry June 2022

Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

St. Louis, MO-IL