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04.29.2008 10:30 am

Jobless rate continues to climb

St. Louis Post-Dispatch

The unemployment rate for metro St. Louis jumped to 6.4 percent in March from 5.0 percent a year earlier, the Bureau of Labor Statistics said today. This fits with the dismal story told by the BLS’ payroll survey, which shows St.…

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04.22.2008 5:49 pm

If you don’t like the stats, stop collecting them

St. Louis Post-Dispatch

We’ve complained mildly about the quality of local employment statistics, but it looks like they’re going to get worse before they get better. Mark Liebman, senior economist at Fox Business, notes that the Bureau of Labor Statistics will stop reporting…

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04.21.2008 4:11 pm

Local jobs number shrinks for first time since ‘04

St. Louis Post-Dispatch

 If there is a recession going on, St. Louis is feeling it.

We’ve noted recently how St. Louis’ job growth numbers were getting weaker. Now, the Bureau of Labor Statistics’  figures for March show that we aren’t growing at all. The…

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04.02.2008 9:28 am

More bad news in local unemployment report

St. Louis Post-Dispatch

Metro St. Louis’ unemployment jumped to 6.2 percent in February from 5.6 percent a year earlier, the Bureau of Labor Statistics reported this morning. This is consistent with the January rate, which was revised slightly upward to 6.4 percent, but…

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04.01.2008 2:12 pm

St. Louis still adding jobs, slowly

St. Louis Post-Dispatch

The Bureau of Labor Statistics says that St. Louis added 5,700 jobs between February 2007 and February 2008. That’s good news, considering that many areas are starting to show job losses,  but it’s a meager year-over-year growth rate of just 0.4…

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03.19.2008 11:39 am

Local jobless rate jumps to 6.3%

St. Louis Post-Dispatch

The St. Louis unemployment rate jumped to 6.3 percent in January from 5.4 percent a year earlier, the Bureau of Labor Statistics announced this morning. The area appears to be suffering both from shrinking employment and from discouraged-worker syndrome. The number of…

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03.11.2008 11:07 am

24,500 jobs become just 2,000

St. Louis Post-Dispatch

The Bureau of Labor Statistics is out with its revised state and local job numbers for 2007 and, as predicted, much of St. Louis’ employment boom has evaporated. The new tally: Metro St. Louis added 2,000 jobs in 2007, not…

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02.26.2008 5:56 pm

House prices rose here in ‘07

St. Louis Post-Dispatch

Houses in St. Louis appreciated in value by 2.56 percent last year, the Office of Federal Housing Enterprise Oversight reported today. That’s well above the 0.8 percent increase for the nation as a whole, based on an OFHEO index that includes…

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02.07.2008 6:06 pm

Macy’s shocked Minneapolis, too

St. Louis Post-Dispatch

St. Louis leaders were surprised Wednesday by the news that Macy’s was folding the tent on its Midwest division, and eliminating 850 jobs downtown. The company’s realignment plans were a shock to Minneapolis, too, the Star-Tribune reports. The announcement of 950…

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01.29.2008 10:36 am

Local unemployment rises to 5.4%

St. Louis Post-Dispatch

St. Louis’ unemployment rate jumped to 5.4 percent in December from 4.5 percent a year earlier, the Bureau of Labor Statistics reported today. The metro-area rate, which isn’t seasonally adjusted, was 5.1 percent in November.

As we’ve mentioned before, the…

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