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St. Louis Metro Area Employment Numbers

St. Louis Metro Area Employment Numbers

sc4mayor

PostMay 19, 2019#1

I searched around for a thread for this, but couldn't find one.  If someone knows a better place for this feel free to move it there.

St. Louis Metro had fairly good job growth for the month of April, with a gain of 5,300 jobs overall.

More from the PD:
"April's gain, according to seasonally adjusted figures from the Bureau of Labor Statistics, gives the area its best 12-month job growth in three years. The metro area added 21,000 jobs between April 2018 and last month, a growth rate of 1.5 percent. National job growth was 1.8 percent for the same period."

Another little nugget of good news is that a weak March was adjusted and came out better than originally expected:
"The BLS also revised March's job gain, originally estimated at 1,200, upward to 3,700."

A few more notes for those that might not have a subscription:
"Metro area construction and mining firms added 5,700 jobs in the latest 12 months, their strongest performance in two decades. Manufacturers added 4,600 jobs.  Professional and business services employment grew by 2,700, while financial services employers added 2,500 jobs. Figures for specific industries are not seasonally adjusted."

Unemployment rate will be updated on May 29th.  It was at 3.5% in March.
https://www.stltoday.com/business/colum ... ail-latest

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PostMay 19, 2019#2

That 1.5% has me feeling optimistic.

Wasn't all that long ago that St. Louis was looking at numbers like 0.6 & 0.7%. 

Fingers crossed that we can see St. Louis shoot well over that national average of 1.8%. 

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PostMay 20, 2019#3

Also of note, the first time since 2011 that St. Louis has had a 12-month job growth GREATER than Denver's, both by % and actual. Granted, the Denver job market has been showing a sharp slowdown for the past year.
Denver (Apr 18 - Apr 19): 16.8
St. Louis (April 18 - Apr 19): 21.0

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PostMay 20, 2019#4

The St. Louis Fed's Beige Book usually provides a very decent overview on employment trends across the different sectors.

sc4mayor
sc4mayor

PostJul 10, 2019#5

Here is the May update on Metro Employment.

April was revised downward a bit, but between May of 2018 and May of 2019 the region added 19,600 jobs for a rate of 1.4% which is still the strongest performance in 3 years.

Construction and manufacturing continue to add thousands of jobs.  3,700 for construction and 3,500 for mfg.

https://www.stltoday.com/business/colum ... af9c5.html

And here is an article from the Denver Post about how their job growth now trails Chicago, St. Louis, Memphis, and Kansas City.
https://www.denverpost.com/2019/07/09/m ... wth-slows/

sc4mayor
sc4mayor

PostAug 02, 2019#6

June employment numbers are out.  Region is back up to 21,000 new jobs with a gain of 1,600 in the last 12 months.

The metro area’s construction and mining firms added 6,100 jobs in the latest 12 months, while professional and business services firms added 3,600 and manufacturers added 3,500. Figures for specific industries are not seasonally adjusted.
The BLS also says the area’s labor force — the total number of people working or looking for a job — grew 1.4 percent between June 2018 and June 2019. That’s much faster than the 0.5 percent growth rate reported in May, and a turnaround from the shrinking labor force numbers the metro area posted for much of 2017 and 2018.
Unemployment down to 3.4%.

https://www.stltoday.com/business/colum ... 5ab9d.html

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PostAug 02, 2019#7

St. Louis is definitely starting to the trend in the right direction. 

I'd love to see that 1.4% become 2.4%.

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PostAug 02, 2019#8

Also worth noting that Metro unemployment is now at 3.4%, the lowest it has been since the data is available (1990).
https://fred.stlouisfed.org/series/STLUR

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PostAug 09, 2019#9

I don't have full access to article but thought Stl PD article pertaining to African American employment as means to build work force as way to address reality of a slow growth region is the type mentality that is needed for St Louis in a very competitive world.  A mentality of what the strengths the regions has or can have instead of trying to be the next hip place. 

https://www.stltoday.com/business/local ... 14849.html

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PostAug 09, 2019#10

^Definitely. That has to start with a reform of the public education system. That is the single dimension in which I think that a proper City-County merger could have the largest impact. I know this would be immensely unpopular, but redesigning school districts to ensure proper redistribution would be a miracle for the region.

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PostAug 11, 2019#11

City has the greatest number of employees since Summer of 2002 (not seasonally adjusted)

https://beta.bls.gov/dataViewer/view/ti ... 0000000005

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PostAug 11, 2019#12

Looks good but not as good once you do a simple seasonal adjustment (month fixed effects), it was better at the end of 2015. Still a positive trend
stlemp_sa.png (17.05KiB)

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PostAug 12, 2019#13

kipfilet wrote:Looks good but not as good once you do a simple seasonal adjustment (month fixed effects), it was better at the end of 2015. Still a positive trendstlemp_sa.png
Great point! I am really excited to see how new projects impact city employment. Larger projects below probably represent 2k-4k direct non-construction jobs (depending on season).

Within 1 year:
Ball Park Village / Lowe’s Hotel
Union Station / Aquarium
City Foundry / Armory
SLU Hospital





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PostAug 21, 2019#14

Another great month of employment numbers for region. June to July added 4.2k jobs.
https://fred.stlouisfed.org/series/STLNA#0

Comparatively July '18 - '19:
Austin: +24.7k
St. Louis: +23.1k
Nashville: +23.1k
Cincinnati: +19.2K
Kansas City: +16.3k
Indianapolis: +5.9K
Pittsburgh: -0.4K

sc4mayor
sc4mayor

PostAug 21, 2019#15

Outstanding.  Thanks for the info.

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PostAug 21, 2019#16

Heck YES!

Now that's what I want to see.

Keep it up, St. Louis.

sc4mayor
sc4mayor

PostAug 29, 2019#17

addexb2 already provided the updated numbers for the month of July, but here is a bit more information from the Post-Dispatch:
The metro area gained 4,200 jobs during the month, according to seasonally adjusted figures from the Bureau of Labor Statistics. The metro unemployment rate, as seasonally adjusted by the St. Louis Federal Reserve Bank, was flat at 3.4 percent.  The BLS also revised June's job gain upward to 3,600, from an early estimate of 1,600.
St. Louis area employment has risen by 23,100, or 1.7 percent, in the past year. That's a bit stronger than U.S. job growth of 1.5 percent since July 2018.  The 12-month figure is also the strongest St. Louis has seen since 2015.
Job gains were strongest in the leisure and hospitality, construction and manufacturing sectors. Leisure and hospitality firms -- including restaurants and hotels -- added 5,300 jobs between July 2018 and July 2019, construction and mining firms added 5,100 and manufacturers added 4,900.
The BLS said the area's labor force grew by 27,901 people, or 1.9 percent, since July 2018. The labor force is the number of persons working or actively looking for work.  The number of metro-area residents counted as unemployed fell by 2,087 in the latest 12 months.
https://www.stltoday.com/business/colum ... 17a4c.html

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PostAug 29, 2019#18

Call me an optimist, but I only feel like those numbers are going to continue to trend up. 

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PostAug 30, 2019#19

KansasCitian wrote: Call me an optimist, but I only feel like those numbers are going to continue to trend up. 
I would not get your hopes up too high, we are entering a global economic downturn.

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PostSep 17, 2019#20

From BLS  - We have had a good year 
https://www.bls.gov/web/metro/metro_oty_change.htm

25,500 jobs added - 1.8% increase 

sc4mayor
sc4mayor

PostSep 17, 2019#21

^ Awesome!  Thanks for posting.

sc4mayor
sc4mayor

PostSep 20, 2019#22

David Nicklaus has his monthly job performance update in the Post-Dispatch this morning...and the news is fantastic.
Metro area employers have added 28,600 jobs since August 2018, the best 12-month figure since 1994. That's a 2.1 percent increase, compared with national job growth of 1.4 percent.
New seasonally adjusted figures from the Bureau of Labor Statistics show a summer surge in hiring. July's job gain was revised upward to 4,400 from an early estimate of 4,200, and June saw a gain of 3,600 jobs.
St. Louis area construction and mining firms have added 7,100 jobs in the past 12 months, while manufacturers have added 4,300. The leisure and hospitality sector grew by 2,900 jobs, while governments added 2,300 employees.
Missouri's unemployment rate fell to 3.2 percent in August from 3.3 percent in July, while Illinois' jobless rate fell to 4.0 percent from 4.2 percent. Metro St. Louis unemployment was 3.4 percent in July; that number will be updated Oct. 2.
https://www.stltoday.com/business/colum ... the-latest

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PostSep 21, 2019#23

addxb2 wrote:Another great month of employment numbers for region. June to July added 4.2k jobs.
https://fred.stlouisfed.org/series/STLNA#0

Comparatively July '18 - '19:
Austin: +24.7k
St. Louis: +23.1k
Nashville: +23.1k
Cincinnati: +19.2K
Kansas City: +16.3k
Indianapolis: +5.9K
Pittsburgh: -0.4K
Updated Using
https://fred.stlouisfed.org/series/STLNA#0

Comparatively August '18 - '19:
St. Louis: +28.6k
Austin: +23.7k
Cincinnati: +23.4K
Nashville: +22.8k
Kansas City: +18.8k
Pittsburgh: +9.6K
Indianapolis: +5.8K

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PostSep 21, 2019#24

^Impressive! I sincerely hope we can keep it up.

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PostSep 21, 2019#25

addxb2 wrote:
Sep 21, 2019

Comparatively August '18 - '19:
St. Louis: +28.6k
Austin: +23.7k
Cincinnati: +23.4K
Nashville: +22.8k
Kansas City: +18.8k
Pittsburgh: +9.6K
Indianapolis: +5.8K

Ranked Per 100,000 residents

1. Nashville 1183 jobs/100,000 residents
2. Austin- 1107 jobs/100,000 residents
3. Cincinnati 1069 jobs/100,000 residents
4. St.Louis 1021 jobs/100,000 residents
5. Kansas City 878jobs/100,000 residents
6. Pittsburgh 410 jobs /100,000 residents
7. Indianapolis 282 jobs/ 100,000 residents

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