Overall unemployment rate moved up to 2.7% with the biggest shift in Business Services, which gained 4,600 roles, based on the most recently available information published in December 2022.
Total employment in the St. Louis, MO-IL market rose by 3,535 jobs in October and the unemployment rate increased compared to the prior month by 40 bps to 2.7%. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- St. Louis, MO-IL unemployment rate is 70 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 October versus prior month by 7.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 266,900; +2,300
- Education & Healthcare: 261,400; +3,600
- Business Services: 227,200; +4,600
- Government: 145,300; +800
- Restaurants & Hotels: 143,200; +1,500
- Manufacturing: 117,900; +400
- Financial Services: 89,100; -600
- Construction, Mining: 78,300; -100
- Other Jobs: 50,900; +300
- IT & Development: 26,200; +300
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.