Overall unemployment rate stayed flat at 3.7% with the biggest shift in Construction, Mining, which gained 4,200 roles, based on the most recently available information published in April 2022.
Total employment in the St. Louis, MO-IL market rose by 4,422 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- St. Louis, MO-IL unemployment rate is 5 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 8.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 263,500; -2,600
- Education & Healthcare: 252,700; -1,600
- Business Services: 212,200; +700
- Government: 152,700; +600
- Restaurants & Hotels: 129,800; +3,600
- Manufacturing: 117,600; no change
- Financial Services: 90,000; +1,200
- Construction, Mining: 71,900; +4,200
- Other Jobs: 50,400; +500
- IT & Development: 26,300; +200
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.