These types of stories are usually no impact on the economy as the employees are either picked up by another provider or directly by the purchaser, in this case Amazon.
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Yeah, last year my firm won a contract to be the engineer squadron at tinker AFB in OKC and all 70 people have been there for a decade and this is their 3rd different firm they’re working for. So their resume will list 3 years here, there and over here but they never left their job
https://www.stltoday.com/news/local/edu ... d2990.html
Not sure why this article is written so weirdly. It looks like it is saying some 316 filled jobs cut, another 198 open positions were also cut. But it could also be read as 316 positions cut, 198 of which were open already.
Either way, good jobs lost thanks to the federal administration's wealth tax and funding cuts.
Edit: Business Journal article says 514 positions cut, meaning 300+ people are losing their jobs? Is that correct?
Not sure why this article is written so weirdly. It looks like it is saying some 316 filled jobs cut, another 198 open positions were also cut. But it could also be read as 316 positions cut, 198 of which were open already.
Either way, good jobs lost thanks to the federal administration's wealth tax and funding cuts.
Edit: Business Journal article says 514 positions cut, meaning 300+ people are losing their jobs? Is that correct?
It's astonishing how Wash U brags about how big their multi billion dollar endowment is but found their hands tied by Trump to layoff 316 people to save $50 million. What a joke.
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PeterXCV wrote: ↑Oct 01, 2025It's astonishing how Wash U brags about how big their multi billion dollar endowment is but found their hands tied by Trump to layoff 316 people to save $50 million. What a joke.
Yes, Wash U has its endowment, but it's not in ready cash.
And a large portion of it has restrictions on what it can be spent on.gone corporate wrote: ↑Oct 01, 2025PeterXCV wrote: ↑Oct 01, 2025It's astonishing how Wash U brags about how big their multi billion dollar endowment is but found their hands tied by Trump to layoff 316 people to save $50 million. What a joke.
Yes, Wash U has its endowment, but it's not in ready cash.
I didn't think it was all in cash but the total is still $11.5 billion and they're laying 316 people off to save $52 million.
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Yes. That's $164,500 apiece. If you just throw money around like that, you won't ever get to $11.5BB in the first place. Maybe redirect your aim from Brookings Hall to Washington, DC. Respectfully speaking, of course. I'm furious, too.
Seeing that maybe 600 people were laid off at Stifel
https://www.thelayoff.com/t/1k6kw57zn
https://www.reddit.com/r/StLouis/s/g7HV5wFarv
https://www.thelayoff.com/t/1k6kw57zn
https://www.reddit.com/r/StLouis/s/g7HV5wFarv
Around 60, not 600addxb2 wrote: ↑Oct 04, 2025Seeing that maybe 600 people were laid off at Stifel
https://www.thelayoff.com/t/1k6kw57zn
https://www.reddit.com/r/StLouis/s/g7HV5wFarv
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It’s looking like that period of time where St. Louis was Top 5 in job growth was an aberration:
According to the latest BLS data, 11 major metro areas have lost jobs over the last year, with St. Louis having the second biggest decline.
Fastest growth: Charlotte (2.5%), San Juan (2.3%), Richmond (2.2%), San Antonio (1.9%), Philadelphia (1.9%)
Largest decline: Milwaukee (-.7%), St. Louis (-.6%), SF (-.5%), DC (-.3%), Denver (-.2%)
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According to the latest BLS data, 11 major metro areas have lost jobs over the last year, with St. Louis having the second biggest decline.
Fastest growth: Charlotte (2.5%), San Juan (2.3%), Richmond (2.2%), San Antonio (1.9%), Philadelphia (1.9%)
Largest decline: Milwaukee (-.7%), St. Louis (-.6%), SF (-.5%), DC (-.3%), Denver (-.2%)
Sent from my iPhone using Tapatalk
I wouldn’t look at STLs data again until at least March of next year when December data is released. The Boeing strike obliterated manufacturing and wholesale trade. Probably about 5000 jobs missing. 3200 from Boeing and 1800 support sectors.STLcommenter wrote:It’s looking like that period of time where St. Louis was Top 5 in job growth was an aberration:
According to the latest BLS data, 11 major metro areas have lost jobs over the last year, with St. Louis having the second biggest decline.
Fastest growth: Charlotte (2.5%), San Juan (2.3%), Richmond (2.2%), San Antonio (1.9%), Philadelphia (1.9%)
Largest decline: Milwaukee (-.7%), St. Louis (-.6%), SF (-.5%), DC (-.3%), Denver (-.2%)
Sent from my iPhone using Tapatalk
Still not great but not as bad as the last few months are going to indicate.
The Illinois side is really dragging down STL recently. If only considering Missouri share of St. Louis, region would be in top half of largest 35 MSAs. Same is true for Labor Force. This is YOY growth in employment and labor force.
Manufacturing has been corrected now that the strike is over. Still shrinking but at a much slower pace, likely in line with national trends.
July: -1.2%
August Strike: -3.9%
September Strike: -4.2%
October Strike: -7.3%
November: -2.2%
Mining, Logging, and Construction picked up in November. Leisure and Hospitality picking up in November. Education and Health Services continue to slow down, very concerning for St. Louis.
https://www.bls.gov/eag/eag.mo_stlouis_msa.htm
July: -1.2%
August Strike: -3.9%
September Strike: -4.2%
October Strike: -7.3%
November: -2.2%
Mining, Logging, and Construction picked up in November. Leisure and Hospitality picking up in November. Education and Health Services continue to slow down, very concerning for St. Louis.
https://www.bls.gov/eag/eag.mo_stlouis_msa.htm
Commercial Cafe lists St. Louis as #6 out of 20 in Midwest innovation hubs -
https://www.commercialcafe.com/blog/inn ... 67a09-b1ce
https://www.commercialcafe.com/blog/inn ... 67a09-b1ce
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US economy lost 92K jobs last month.
I need President Trump to tap the breaks on this economic miracle. I just can’t take any more winning rn. It’s too much
I need President Trump to tap the breaks on this economic miracle. I just can’t take any more winning rn. It’s too much
^ Lol, after the last jobs report, Trump claimed the economy was now his and we were seeing the results of that. I'm guessing he'll pivot once more and blame Biden for the latest numbers.
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Yep, and at Jesse Jackson’s funeral yesterday Biden told the crowd that “ he’s a helluva lot smarter than most of you”….
We need him back badly.
We need him back badly.
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In the 13 months since Trump took office, the economy has created a net total of 198,000 jobs compared with 1.4 million created in the last 13 months of the Biden administration
Biden’s pardons eliminated roughly $680,000 in financial penalties owed to victims or the government. In contrast, Trump’s second-term pardons have forgiven criminal debts of more than $1.5 billion
Biden’s pardons eliminated roughly $680,000 in financial penalties owed to victims or the government. In contrast, Trump’s second-term pardons have forgiven criminal debts of more than $1.5 billion
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Also don't forget that we have been able to trim over 300K in government jobs during this time. A real win for the taxpayers.
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How is that a win for taxpayers? The deficit increased. It’s a win for contractors like me, and I charge the DoD far more than what they pay their internal people to do the same work. $300 a hour this fiscal year.southcitykid wrote: ↑4:26 PM - Mar 14Also don't forget that we have been able to trim over 300K in government jobs during this time. A real win for the taxpayers.
I'll be curious where this number ends up. Where I work, which is federal gov, just had two huge hiring blitzes. I am going to guess they basically backfilled everyone who took the buyout last year. I assume others are doing the same. I would guess it will still be less than this time last year, but I am not sure it will end up being that many less.southcitykid wrote: ↑4:26 PM - Mar 14Also don't forget that we have been able to trim over 300K in government jobs during this time. A real win for the taxpayers.
North City would be much further along in the tornado recovery process under Biden’s government. Thousands of examples across the US where fewer government workers is causing deep suffering. Not to mention, there were no savings.southcitykid wrote:Also don't forget that we have been able to trim over 300K in government jobs during this time. A real win for the taxpayers.
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Workforce participation has dropped 0.6% since liberation day. For the idiots here (Whither, SouthCityKid, etc.), that’s really really bad.
Q4 2024 GDP growth revised down to 0.7% while core inflation remains at 3.1%.
Congratulations, Donald Trump is delivering Jimmy Carter’s economy!
Q4 2024 GDP growth revised down to 0.7% while core inflation remains at 3.1%.
Congratulations, Donald Trump is delivering Jimmy Carter’s economy!