Overall unemployment rate stayed flat at 2.7% with the biggest shift in Transportation & Utilities, which gained 4,800 roles, based on the most recently available information published in January 2022.
Total employment in the St. Louis, MO-IL market declined by 418 jobs in November and the unemployment rate stayed flat. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- St. Louis, MO-IL unemployment rate is 66 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 4.1% 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: 271,900; +4,800
- Education & Healthcare: 262,400; +1,000
- Business Services: 227,000; +800
- Government: 145,900; +300
- Restaurants & Hotels: 139,800; -2,100
- Manufacturing: 119,000; +1,200
- Financial Services: 90,200; +1,000
- Construction, Mining: 78,600; +100
- Other Jobs: 51,000; -100
- IT & Development: 26,200; no change
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.