Anecdotally people I know keep moving there
I think a lot of people move to Colorado from the Midwest but there is always going to be a fair share of people who don't stick and end up either moving home or onwards to somewhere else.
I know a fair amount of people that have moved to Denver. About half are back. 1/4 moved somewhere else. 1/4 are still there.
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It's become a meme lately that Denver is where you move when you have bad breakup or mental crisis between the ages of 25-35
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The Business Journal has yet to report on the tremendous increase in jobs over the last year. They hate good news over there.
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I put this in the Chicago thread, but it definitely belongs here as well....
According to this NPR article, a significant chunk of St. Louis' job growth has actually come from the Metro East.
https://www.stlpr.org/economy-business/ ... fGWG8I3jyQ
"The report from the department's Bureau of Labor Statistics notes that job growth is highest in the Metro East, with Madison County adding nearly 4,000 people to the workforce. The area is quickly recovering from pandemic-related business closures, said Tony Fuhrmann, director at Madison County Employment and Training in Illinois."
I think it would be a wonderful thing if Metro East could keep up their job gains. Maybe it would all be concentrated in places like Belleville, Edwardsville, and O'Fallon, but even then I think the gains would be worth it. We need to do something to shift the region's center of gravity back to the east.
According to this NPR article, a significant chunk of St. Louis' job growth has actually come from the Metro East.
https://www.stlpr.org/economy-business/ ... fGWG8I3jyQ
"The report from the department's Bureau of Labor Statistics notes that job growth is highest in the Metro East, with Madison County adding nearly 4,000 people to the workforce. The area is quickly recovering from pandemic-related business closures, said Tony Fuhrmann, director at Madison County Employment and Training in Illinois."
I think it would be a wonderful thing if Metro East could keep up their job gains. Maybe it would all be concentrated in places like Belleville, Edwardsville, and O'Fallon, but even then I think the gains would be worth it. We need to do something to shift the region's center of gravity back to the east.
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they will soon. as will Post and KMOV.JaneJacobsGhost wrote: ↑Jul 26, 2024The Business Journal has yet to report on the tremendous increase in jobs over the last year. They hate good news over there.
KTVI - St. Louis ranks top 10 in U.S. for job growth, new data reveals
https://fox2now.com/news/missouri/st-lo ... a-reveals/
https://fox2now.com/news/missouri/st-lo ... a-reveals/
^ KMOV had a story as well, let's keep this up!
https://www.firstalert4.com/2024/07/26/ ... th-region/
https://www.firstalert4.com/2024/07/26/ ... th-region/
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Not that this should be a surprise given June’s employment (number of employed people) but labor force (number of employable people) data released today shows St. Louis blew past its previous record of 1,504,000 in July of 2019 to 1,523,812 today.
Labor force data is not seasonally adjusted so a better comparison is June 2019 vs June 2024.
2019: 1,491,032
2023: 1,483,792
2024: 1,523,812
40,000 new people in Greater St. Louis in one year. Nearly the population of Chesterfield in one year.
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https://www.bls.gov/eag/eag.mo_stlouis_msa.htm
YoY
St. Louis: +40,020
Kansas City: +16,073
Indianapolis: +7,342
Nashville: +2,494
LASTLY, while unemployment is never a great sign, St. Louis has a healthy 4.3% unemployment rate and growing. This communicates to national businesses that they’ll be able to staff in St. Louis. This has long been a challenge for STL in attracting manufacturing/construction/health care.
Labor force data is not seasonally adjusted so a better comparison is June 2019 vs June 2024.
2019: 1,491,032
2023: 1,483,792
2024: 1,523,812
40,000 new people in Greater St. Louis in one year. Nearly the population of Chesterfield in one year.
https://www.bls.gov/eag/eag.mo_stlouis_msa.htm
YoY
St. Louis: +40,020
Kansas City: +16,073
Indianapolis: +7,342
Nashville: +2,494
LASTLY, while unemployment is never a great sign, St. Louis has a healthy 4.3% unemployment rate and growing. This communicates to national businesses that they’ll be able to staff in St. Louis. This has long been a challenge for STL in attracting manufacturing/construction/health care.
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Does this statistic essentially add unemployment figures to employment figures?
https://www.bls.gov/news.release/metro.t03.htm
When I look at this, at least for non-farm job totals, it shows...
St. Louis: +32,900
Indianapolis: +28,800
Kansas City: +22,700
Nashville: +3,900
https://www.bls.gov/news.release/metro.t03.htm
When I look at this, at least for non-farm job totals, it shows...
St. Louis: +32,900
Indianapolis: +28,800
Kansas City: +22,700
Nashville: +3,900
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This is all great news.
I’d be curious to find out how much of those newly counted as employed and unemployed are actually new residents to the region, vs people who have lived in the region but are stepping back into the labor force after the COVID era.
I know there was a migration of people stepping out of the labor force as they were unemployed and not seeking employment during the time. That would be a helpful indicator in terms how this impacts population figures.
Sent from my iPhone using Tapatalk
I’d be curious to find out how much of those newly counted as employed and unemployed are actually new residents to the region, vs people who have lived in the region but are stepping back into the labor force after the COVID era.
I know there was a migration of people stepping out of the labor force as they were unemployed and not seeking employment during the time. That would be a helpful indicator in terms how this impacts population figures.
Sent from my iPhone using Tapatalk
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I think the stats addxb2 shared indicate we are far above where we were in 2019 before COVID. It could nevertheless still be existing residents reentering the workforce. In any case, it’s great news.
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We have 42,000 more jobs in June 2024 vs Feb 2020Debaliviere91 wrote: ↑Jul 30, 2024This is all great news.
I’d be curious to find out how much of those newly counted as employed and unemployed are actually new residents to the region, vs people who have lived in the region but are stepping back into the labor force after the COVID era.
I know there was a migration of people stepping out of the labor force as they were unemployed and not seeking employment during the time. That would be a helpful indicator in terms how this impacts population figures.
Sent from my iPhone using Tapatalk
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The other interesting thing to note is that the BLS publishes this data regardless of whether there is confidence (in the statistical analysis sense of the word) of accuracy. With respect to StL, there is statistical confidence in these numbers. Another good sign this isn’t some mirage that will be revised down later.
As usual, the Business Journal & Downtown Crime Monitor is a day late and a dollar short.
The article acknowledges the surging labor force but injects pessimism due to the increase in the unemployment rate (an Econ 101 student knows this is silly).
Most importantly, the article neglects to mention the 31K NEW JOBS over the last year.
Screw the BJ
https://www.bizjournals.com/stlouis/new ... 3#cxrecs_s
The article acknowledges the surging labor force but injects pessimism due to the increase in the unemployment rate (an Econ 101 student knows this is silly).
Most importantly, the article neglects to mention the 31K NEW JOBS over the last year.
Screw the BJ
https://www.bizjournals.com/stlouis/new ... 3#cxrecs_s
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I don't think its that significant if at all because if it was, this would be happening everywhere.Debaliviere91 wrote: ↑Jul 30, 2024This is all great news.
I’d be curious to find out how much of those newly counted as employed and unemployed are actually new residents to the region, vs people who have lived in the region but are stepping back into the labor force after the COVID era.
I know there was a migration of people stepping out of the labor force as they were unemployed and not seeking employment during the time. That would be a helpful indicator in terms how this impacts population figures.
Sent from my iPhone using Tapatalk
One possibility I was thinking was a methodology change within the state due to state level and other metro area numbers in the state. But the Metro East numbers being strong most likely rules that out.
If this results continue to show stronger than national average growth for another year it will point more strongly that something is occurring with population growth.
Anecdotally will note from where i live which is a new subdivision still being built in Franklin County, at least 20% of the homes have at least one car with an out-of-state license plate which does make me think what we may be seeing is more in-migration.
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I understand that. But for the total country, the number of people outside the labor force is down nearly 5% from its COVID high. I can’t find the number for St Louis specifically, but that’s a critical indicator of how new jobs would drive population growth.dbInSouthCity wrote:We have 42,000 more jobs in June 2024 vs Feb 2020Debaliviere91 wrote: ↑Jul 30, 2024This is all great news.
I’d be curious to find out how much of those newly counted as employed and unemployed are actually new residents to the region, vs people who have lived in the region but are stepping back into the labor force after the COVID era.
I know there was a migration of people stepping out of the labor force as they were unemployed and not seeking employment during the time. That would be a helpful indicator in terms how this impacts population figures.
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
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https://www.stltoday.com/news/local/bus ... -62SGfy39g
addxb2 brought the data and I brought my media connections. Story has been in STL public radio, KMOV, bizjournal, and now Post.
addxb2 brought the data and I brought my media connections. Story has been in STL public radio, KMOV, bizjournal, and now Post.
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Nicely done. The online commentary is predictably infuriating of course.dbInSouthCity wrote:https://www.stltoday.com/news/local/bus ... -62SGfy39g
addxb2 brought the data and I brought my media connections. Story has been in STL public radio, KMOV, bizjournal, and now Post.
Can’t see them and I don’t want to pay the Post to break the firewall. What is the basic gist of them?Debaliviere91 wrote:Nicely done. The online commentary is predictably infuriating of course.dbInSouthCity wrote:https://www.stltoday.com/news/local/bus ... -62SGfy39g
addxb2 brought the data and I brought my media connections. Story has been in STL public radio, KMOV, bizjournal, and now Post.
Sent from my iPhone using Tapatalk
The four comments on the PD article are positive. Maybe the infuriating ones were on Facebook, Twitter, Reddit, etc.
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Yep. There was a lot of negative commentary on FB. Most people not believing the numbers (as some have in this forum have also shared for some reason). Plus just general pessimism around the city and liberal leadership. Exhausting.quincunx wrote:The four comments on the PD article are positive. Maybe the infuriating ones were on Facebook, Twitter, Reddit, etc.