St. Louis Metro Area Employment Numbers

addxb2 · PostAug 02, 2022#2012022-08-02T19:44+00:00

^ yes, primary contribution is economic makeup / diversification. Still a huge divergence between KC, Indy, and STL occurred after COVID.

Will be looking more into it but at a high level, manufacturing is larger in STL (119k, down 1k from June 2019) than KC (79.2k, down 2.5k from 06/19).

Also, both Missouri and Illinois had minimum wage increases this year ($11.25 and $12) which probably contributed. Kansas remains at $7.25.

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symphonicpoet · PostAug 03, 2022#2022022-08-03T04:19+00:00

^I'm reciting something half remembered from a story several years back as fact. Apologies. But in any case, the story was talking share of employment in the given area, not raw numbers, saying that St. Louis had had a higher than average manufacturing sector for a Midwestern city and went to having a somewhat smaller than average sector. I believe it stated Kansas City had a higher than average sector, but this was a fair few years back now, so maybe Kansas City also quietly shed manufacturing jobs and diversified more than I would have guessed in the intervening years. Sorry. Definitely interesting stuff.

JaneJacobsGhost · PostAug 05, 2022#2032022-08-05T13:46+00:00

addxb2 wrote: ↑
Aug 02, 2022
Wage growth compared to two peers.

StL: +$4.46 (+15.6%) | 3.2% unemployed
Indy: +$1.89 (+6.8%) | 2.3%
KC: +$0.11 (+0.4%) | 2.8%

The average employee in StL made $20.05 more than the average KC employee per week in June 2019.

Now it’s $177.96 more per week or $9,253.92yr.

St. Louis’s Average Hourly Earnings is closer to Denver’s than Kansas City’s, for the first time.

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Quick, someone tell David Nicklaus before he pens another woe is us chicken little piece.

beer city · PostSep 08, 2022#2042022-09-08T03:27+00:00

Slow but steady job growth -

quick math looks like StL metro produced about 58% of the states jobs

https://www.bls.gov/web/metro/metro_oty_change.htm

dredger · PostOct 21, 2022#2052022-10-21T02:57+00:00

^ Was trying to think of best thread to post this tidbit considering all the doom and gloom, the sky is falling reporting about the economy but think Beer City's comment is a great lead in . From PD article on influx of economic development to region and the associated jobs, think the number comes to around 600 between Festus plant announcement, auto parts facility and EV materials plant

https://www.stltoday.com/news/local/gov ... ce742.html

Word of the new jobs comes as Missouri’s unemployment rate has dropped to a historic low. The preliminary September 2022 unemployment rate of 2.4% is the lowest recorded seasonally adjusted unemployment rate in Missouri since the data series began in 1976. The previous low was 2.5% in August 2022.

dbInSouthCity · PostOct 21, 2022#2062022-10-21T12:45+00:00

beer city wrote: ↑
Sep 08, 2022
Slow but steady job growth -

quick math looks like StL metro produced about 58% of the states jobs

https://www.bls.gov/web/metro/metro_oty_change.htm

its 56% if you go by all the Metros but if you go to the state data (includes rural MO) its about 46%, still good

quincunx · PostOct 31, 2022#2072022-10-31T12:43+00:00

I was surprised to see that WUSTL has 1350 full time job listings. If you're looking for a job or know someone who is ...

https://jobs.wustl.edu/

addxb2 · PostNov 02, 2022#2082022-11-02T21:53+00:00

How has the St. Louis workforce changed since September 2019 (pre-COVID)?

Trade and Transportation is now the largest sector, passing Ed. & Health.

Mining & Construction: +11.3%
Trade, Transportation: +2.3%
Business Services: +3.5%

Gov.: -10.3%
Hospitality: -6.9%
Ed. & Health: -3.4%

Overall, -1.4% short of September 2019.

kipfilet · PostJan 03, 2023#2092023-01-03T20:13+00:00

Not 100% related but couldn't find a better existing thread for this and didn't think it justified a new one. Nothing in Missouri nor Illinois:

dredger · PostJan 03, 2023#2102023-01-03T22:57+00:00

The sad part of the map is that the region has two huge things going for it as anywhere else that is seeing the investment especially when you consider some of the reasons for new steel plant and battery/auto, in that being part of and on the inland river system for cheap transportation of heavy materials and reasonable electric rates need for these big plants. This is on top of its central location for distribution.

The other takeaway is having two political extremes in the respective state houses on both sides of the big muddy is not helping, period.

My final word, I'm not buying into the right to work argument. Employers are looking for qualified competent workforce.

Ebsy · PostJan 04, 2023#2112023-01-04T22:28+00:00

I mean ICL is building cathode-material manufacturing capacity, 400 million dollar investment. Not sure why it isn't on that map!

dredger · PostJan 05, 2023#2122023-01-05T00:58+00:00

^ Believe the map is referencing plus Billion Dollar investments. In many cases, long term plans in the several billions of dollars. Plus, a lot of these investment wills support even more manufacturing and distribution around it with investments on scale of you want you reference. for south city.

Long story, short, do you prefer GM to plop down another Wentzville type manufacturing hub in the region or do you want the secondary investment that would support GM Wentzville type investment? St. Louis got the latter where as places on the map got the former

sc4mayor · PostJan 05, 2023#2132023-01-05T01:06+00:00

^ I’d prefer both honestly…it’s oftentimes those secondary investments that produce more jobs. For example, I recently watched a documentary about a former GM plant in Ohio. The plant employed about 2,400 folks when it closed…the “secondary” companies and jobs you speak of (that were lost in that particular area) totaled closer to 10,000.

The CHIPS act that was just funded in the last spending bill hasn’t even started to produce results yet. Don’t let some White House Instagram fluff get your shorts all twisted up just yet.

Techstl · PostJan 07, 2023#2142023-01-07T18:01+00:00

TechSTL, a relatively new STL Technology Council published its first annual Tech Jobs Report.

https://www.linkedin.com/pulse/techstl- ... economic-/

Tech jobs have rebounded quite nicely since the pandemic.

Top Tech employers in St. Louis: Boeing, Edward Jones, Centene Corporation, General Dynamics IT, Wells Fargo Advisors, Charter Communications, Deloitte, Mastercard, Equinix, AT&T, World Wide Technology.

dredger · PostFeb 13, 2023#2152023-02-13T23:53+00:00

Thought that St Louis PD had a pretty good story on bread and butter jobs that really don't get talked about enough. Big part of a region's success still involve a lot of skill sets that don't come from a college degree, sitting in front of a laptop that I happen to do everyday.

https://www.stltoday.com/business/local ... e00a7.html

Experts say that’s partly because more workers are aging into retirement, and there’s a shortage of people with the technical skills needed to do the work. A 2021 Deloitte study found that there may be 2.1 million unfilled manufacturing jobs by 2030.

sc4mayor · PostApr 17, 2023#2162023-04-17T16:46+00:00

Nicklaus: New numbers show St. Louis back above pre-pandemic employment peak
https://www.stltoday.com/business/colum ... 7c76a.html

Each month, the BLS polls firms to estimate how many people they employ. Then, every March, it uses unemployment insurance records to get a more accurate count. The annual revisions can be large. The BLS now shows St. Louis adding 31,500 jobs last year, almost 11,000 more than it originally thought. The gain for 2021 was also increased by 7,200 jobs.

The upshot: We’re less of an economic laggard. The nation surpassed its pre-pandemic employment peak in June, just four months earlier than St. Louis. As of February, the metro area has 7,800 more jobs than it did before the pandemic hit, a gain of about 0.6%.
…………..
The revision cleared up some anomalies. Early estimates showed the financial industry and the health and education sector, two bulwarks of the St. Louis economy, shrinking considerably since the pandemic. Financial services now shows a respectable 5% gain in three years. Employment in education and health remains below the pre-pandemic peak, but was revised upward by more than 6,000. The revision also erased an apparent drop in local government employment.

addxb2 · PostApr 27, 2023#2172023-04-27T20:33+00:00

Because it came up in another thread, I’ll share a state breakdown for St. Louis. It’s still my opinion that Greater St. Louis needs to be all in on Metro East. The lack of growth from Illinois has really been the achilles heel of regional growth.

RockChalkSTL · PostApr 27, 2023#2182023-04-27T21:00+00:00

I feel like the Metro East has a chance to receive some attention from the Illinois state government with Pritzker in charge.

The Metro East core absolutely needs to be addressed because it's completely hollowed out.

imperialmog · PostApr 28, 2023#2192023-04-28T19:11+00:00

The weakness of the Metro East is a huge factor in the St. Louis Metro Area struggling. I recall population loss is imacting most counties in Illinois.

dbInSouthCity · PostApr 28, 2023#2202023-04-28T19:28+00:00

RockChalkSTL wrote: ↑
Apr 27, 2023
I feel like the Metro East has a chance to receive some attention from the Illinois state government with Pritzker in charge.

The Metro East core absolutely needs to be addressed because it's completely hollowed out.

He’s in his 5th year in charge and I know they’ve gotten some $ for mid america, metrolink etc but it hasn’t been anything transformational

quincunx · PostMay 03, 2023#2212023-05-03T15:22+00:00

Stl PR - St. Louis’ economic future requires a lot more trained workers and fast

The St. Louis region has staked a significant portion of its future economic development on technologies and industries that are still emerging.

To make this bet on things like geospatial, advanced manufacturing and agtech successful, the region will need many more workers ready to enter those fields when employers come calling.

https://news.stlpublicradio.org/economy ... s-and-fast

addxb2 · PostSep 12, 2023#2222023-09-12T17:27+00:00

addxb2 wrote:Wage growth compared to two peers.

StL: +$4.46 (+15.6%) | 3.2% unemployed
Indy: +$1.89 (+6.8%) | 2.3%
KC: +$0.11 (+0.4%) | 2.8%

The average employee in StL made $20.05 more than the average KC employee per week in June 2019.

Now it’s $177.96 more per week or $9,253.92yr.

St. Louis’s Average Hourly Earnings is closer to Denver’s than Kansas City’s, for the first time.

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An interesting update to this. The average St. Louis private employee makes 21.7% more each week than they did at start of pandemic (Feb 2020). The average Kansas City private employee makes 6.6% more.

Even though KC has exceed STL in employment growth since Feb 2020 (4.3% vs 2.1%)… St. Louis total wages paid have grown 24% ($1.3B to $1.6B) and Kansas City just 7% (990M to 1.05B).

This isn’t insignificant when considering inflation and the role individual spending plays at maintaining regional economies (airfares, real estate, taxes).

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RockChalkSTL · PostSep 12, 2023#2232023-09-12T17:38+00:00

Would like to see this translate into more job growth for St. Louis.

goat314 · PostSep 12, 2023#2242023-09-12T18:01+00:00

RockChalkSTL wrote: ↑
Sep 12, 2023
Would like to see this translate into more job growth for St. Louis.

Has me really considering moving back to St. Louis. My field pays way better in St. Louis than Tampa and housing is about twice as expensive here for no damn reason. I've gotten about 3 offers that pay anywhere from $15k-$25k more in the St. Louis area and a comparable house is about $100k on average cheaper in St. Louis. They abuse you in boomtowns like Tampa, because too many people want to move here and don't even care about the weak job market here. The St. Louis Metro has the infrastructure to easily absorb another million residents. Many sunbelt cities are literally busting at the seems and becoming traffic jammed, unaffordable hellholes.

RockChalkSTL · PostSep 12, 2023#2252023-09-12T18:11+00:00

Do it!

I've only lived in St. Louis for a hair over four years, but I really love it here and I see so much potential for the region.

I really think that brighter days are ahead for St. Louis.

St. Louis Metro Area Employment Numbers

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