St. Louis Metro Area Employment Numbers

jshank83 · PostMar 12, 2024#2512024-03-12T16:11+00:00

addxb2 wrote: ↑
Mar 12, 2024
UPDATED & FINAL
All Employees: Total Nonfarm in St. Louis, MO-IL (MSA)
Thousands of Persons, Seasonally Adjusted
Source: https://fred.stlouisfed.org/series/STLNA
Nonfarm Payroll is a measure of the number of U.S. workers in the economy that excludes proprietors, private household employees, unpaid volunteers, farm employees, and the unincorporated self-employed.

2023_Final_Nonfarm.png

Nashville number is interesting. Seems like they have slowed a lot when you look at different things.

addxb2 · PostMar 12, 2024#2522024-03-12T18:44+00:00

jshank83 wrote:
Nashville number is interesting. Seems like they have slowed a lot when you look at different things.

Yeah, more of a Nashville slowing than a St. Louis accelerating. Interestingly enough this three month period is the first time (excluding recessions) since 2009 that St. Louis has exceeded Nashville’s annual rate of growth on this metric.

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PostMar 26, 2024#2532024-03-26T23:01+00:00

January and February numbers always come quick in March. All Employees: Total Nonfarm by Metropolitan Statistical Area (MSA). February 2023 vs. February 2024.

PostMar 28, 2024#2542024-03-28T13:06+00:00

City Employment.

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dbInSouthCity · PostMar 28, 2024#2552024-03-28T13:24+00:00

addxb2 wrote: ↑
Mar 28, 2024
City Employment.

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that is jobs held by city residents and no jobs in the city, that number is twice as large

PostMar 28, 2024#2562024-03-28T15:13+00:00

Total City jobs, after bottoming out post 2008 financial crisis, we have more job than ever before this century.

airforceguy1 · PostApr 09, 2024#2572024-04-09T21:23+00:00

St. Louis and Kansas City were named two of America's hottest job markets. St. Louis is ranked #19 and Kansas City was #12.
https://www.wsj.com/economy/jobs/utahs-tech-hub-powers-americas-hottest-job-market-wsj-ranking-finds-e67d0171?mod=djem10point

PostApr 10, 2024#2582024-04-10T01:41+00:00

An article from the Riverfront Times that discusses the Wall Street Journal article since the WSJ article is behind a paywall.

St. Louis is booming. Yes, really!

That's according to no less than the Wall Street Journal, which recently compiled a list of the 20 hottest job markets in the U.S. — and placed St. Louis at No. 18. The Gateway City is just behind Charlotte and Grand Rapids, Michigan, and just ahead of Houston and Las Vegas.

And rest assured, this is not one of those crappy clickbait lists. The WSJ says it worked with Moody’s Analytics to assess 380 metro areas and seek out the strongest labor markets based on five factors: "the unemployment rate, the labor-force participation rate, changes to employment levels, the size of the labor force and wages."

St. Louis was considered as part of the large market category, with metro areas of more than 1 million residents. And not only did we crush the blighted Rust Belt cities we're often placed with (Detroit was No. 43, Cleveland No. 50), but we also beat Atlanta (No. 24), Denver (No. 25) and New York City (No. 47). Chicago? They're No. 53, just behind Pittsburgh and Los Angeles. Ouch!

Overall, the daily writes, "Cities with strong job markets were those well-positioned as affordable alternatives to the traditional tech and financial hubs."

https://www.riverfronttimes.com/news/st-louis-is-one-of-the-20-hottest-job-markets-in-the-us-wsj-says-42289576

pattimagee · PostApr 10, 2024#2592024-04-10T16:12+00:00

airforceguy1 wrote: ↑
Apr 09, 2024
St. Louis and Kansas City were named two of America's hottest job markets. St. Louis is ranked #19 and Kansas City was #12.
https://www.wsj.com/economy/jobs/utahs-tech-hub-powers-americas-hottest-job-market-wsj-ranking-finds-e67d0171?mod=djem10point

looks like #18 and #12 from the screenshot. ✌ (gotta take every inch we can get, lol)

addxb2 · PostApr 22, 2024#2602024-04-22T14:45+00:00

All Employees: Total Nonfarm by Metropolitan Statistical Area (MSA). March 2023 vs. March 2024.

PostMay 19, 2024#2612024-05-19T04:32+00:00

All Employees: Total Nonfarm by Metropolitan Statistical Area (MSA). April 2023 vs. April 2024.

imperialmog · PostMay 20, 2024#2622024-05-20T01:42+00:00

How much can the job growth numbers keep diverging from population numbers?

airforceguy1 · PostMay 20, 2024#2632024-05-20T16:50+00:00

Wallet Hub recently released a list of the best and worst cities to start a career and St. Louis was ranked as the 15th best place to start a career. This places it ahead of sunbelt darlings such as Dallas, Houston, Raleigh and Charlotte,

https://wallethub.com/edu/best-worst-cities-to-start-a-career/3626

addxb2 · PostMay 20, 2024#2642024-05-20T23:09+00:00

I've always liked Baltimore as a comparison. June 2008 was the last time St. Louis had this many more employees than Baltimore according to BLS.

PostJun 26, 2024#2652024-06-26T16:27+00:00

All Employees: Total Nonfarm by Metropolitan Statistical Area (MSA). May 2023 vs. May 2024. Released 6/26/24
Not sure how long it's going to take the local media to find the story, but the St. Louis region has performed better than 50% of the largest MSAs for eight straight months when considering Percent Change YoY. 16th out of 50 is STL's best non-recession ranking since March 2010 and September 2002 before that. Regardless of any perception of the St. Louis economy, there are 27,000 more employed people in St. Louis than May 2023. Leads all but one Midwestern peers.

PostJul 21, 2024#2662024-07-21T01:09+00:00

BOOM! St. Louis is a top ten major MSA for employment growth from June 2023 to June 2024. This is the FIRST time that St. Louis has had a YOY growth rate high enough to reach the top 10 since at least 1/1/1990. At 30,900 or 2.16%, St. Louis is in company with San Antonio and Salt Lake City and is the fastest growing midwestern market.

delmar2debaliviere2downtown · PostJul 21, 2024#2672024-07-21T05:47+00:00

addxb2 wrote: ↑
Jul 21, 2024
BOOM! St. Louis is a top ten major MSA for employment growth from June 2023 to June 2024. This is the FIRST time that St. Louis has had a YOY growth rate high enough to reach the top 10 since at least 1/1/1990. At 30,900 or 2.16%, St. Louis is in company with San Antonio and Salt Lake City and is the fastest growing midwestern market.

June_Employment_MSA.jpg

Job market has been on the up & up since 2021, even relative to peers. Population growth has to follow at some point in the metro right? Have comparable or better job growth than some metros that are exponentially growing.

Certainly doesn’t look dying to me! Great news.

Need a major Fortune 1000 relocation or two to downtown from outer parts of region or outside the region and I think the momentum will get the attention deserved.

whitherSTL · PostJul 21, 2024#2682024-07-21T16:05+00:00

This is great news!

imperialmog · PostJul 22, 2024#2692024-07-22T02:01+00:00

This does point in direction that metro area population estimates are off. The estimates for City population is most certainly underestimated due to methodology and these numbers would support it. May be undercounting elsewhere in the metro area. Another year of job market doing better than most would hint at something may be changing in metro population trend, since there isn't much slack left for job growth without more people.

goat314 · PostJul 22, 2024#2702024-07-22T05:22+00:00

imperialmog wrote: ↑
Jul 22, 2024
This does point in direction that metro area population estimates are off. The estimates for City population is most certainly underestimated due to methodology and these numbers would support it. May be undercounting elsewhere in the metro area. Another year of job market doing better than most would hint at something may be changing in metro population trend, since there isn't much slack left for job growth without more people.

Last time I was in St. Louis it definitely felt more vibrant and busy than it had in the past. Also, it was noticeable more diverse.

PostJul 22, 2024#2712024-07-22T05:24+00:00

The St. Louis metro grew by a couple hundred thousand in the 90s. I don't think it's unreasonable to expect it to grow by that much a decade going forward.

GoHarvOrGoHome · PostJul 22, 2024#2722024-07-22T13:48+00:00

We just need to work on our net immigration/emigration balance. Our natural birth/death ratio is going to be a net drain on metro population for the foreseeable future.

If these red hot job numbers keep up for another year or two we need to start marketing this job market nationwide. This is a really good look for us that would do a lot for our reputation.

RockChalkSTL · PostJul 22, 2024#2732024-07-22T14:30+00:00

St. Louis is 7th in terms of growth percentage, but still a very, very, very impressive 12th for raw gain.

1. New York City -- 108,000
2. Los Angeles -- 80,600
3. Miami -- 78,300
4. Houston -- 71,000
5. Dallas -- 68,600
6. Philadelphia -- 46,400
7. Phoenix -- 41,100
8. Atlanta -- 40,300
9. Washington, D.C. -- 38,000
10. Las Vegas -- 36,300
11. Riverside -- 31,700
12. ST. LOUIS -- 30,900

Wouldn't it be something if St. Louis could claw its way into the top 10 of this list?

addxb2 · PostJul 22, 2024#2742024-07-22T15:23+00:00

Unfortunately, I am of the opinion that 2.5% growth is the best STL can accomplish without a significant change in labor force projections. While I am pumped about current rankings I am fully prepared to see STL elsewhere on the list next year as other regions heat back up (Denver, Minneapolis, Cincinnati, Nashville).

RockChalkSTL · PostJul 22, 2024#2752024-07-22T15:45+00:00

Denver has been slumping for a bit.

Are there signs that it is back on the rise?

St. Louis Metro Area Employment Numbers

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