Overall unemployment rate moved down to 2.3% with the biggest shift in Government, which gained 13,900 roles, based on the most recently available information published in November 2022.
Total employment in the St. Louis, MO-IL market rose by 3,165 jobs in September and the unemployment rate decreased compared to the prior month by 100 bps to 2.3%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- St. Louis, MO-IL unemployment rate is 102 bps below the national rate which is a positive sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 6.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 264,300; +200
- Education & Healthcare: 256,700; +4,400
- Business Services: 222,600; -100
- Government: 144,500; +13,900
- Restaurants & Hotels: 142,600; -6,900
- Manufacturing: 117,200; -600
- Financial Services: 89,800; +100
- Construction, Mining: 78,600; -300
- Other Jobs: 50,600; -1,400
- IT & Development: 25,900; -100
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.