Jobless rate in St. Louis region up slightly
Unemployment in the St. Louis region increased to 9.4 percent in August, a one-tenth of a point increase over the numbers the Federal Reserve Bank of St. Louis adjusted to account for seasonal jobs in July.
The Bureau of Labor Statistics, in its monthly survey of joblessness in 372 metropolitan areas around the country, placed the area’s August unemployment rate at 9.9 percent. That percentage is not adjusted for seasonal work, such as construction and summer employment at recreational facilities.
Neither the BLS or the Federal Reserve figures take into account displaced workers who have abandoned the job hunt.
Crunching the raw numbers, however, the data indicates that approximately 142,000 people in St. Louis, its suburbs and Metro East are currently out of work.
Of those, nearly 18,000 — or 11.5 percent of the workforce — reside in St. Louis City, according to the Missouri Economic and Information Center.
The unemployment rate in St. Louis County, where MERIC has determined nearly 50,000 are out of work, is 9.6 percent, seasonally adjusted. MERIC says Franklin County, at 11.1 percent, has the area’s second-highest jobless rate, with Jefferson County at 10.1 percent and St. Charles County at 8.5 percent.
MERIC placed the region’s seasonally-adjusted unemployment rate in August at 9.8 percent. That figure does not include Metro East.
The BLS’s national figures show the St. Louis region faring just slightly better than about a third of the nation’s other metropolitan areas where the unemployment rate exceeded 10 percent last month.
When the local jobless rate is not adjusted for seasonal work, however, St. Louis ranked slightly above the national unemployment rate, 9.6 percent.
Sixteen vicinities had unemployment rates above 15 percent again in August (led by El Centro, Calif. at 28.7 percent). Seven of the 16 metro areas were in California and another four in Michigan.
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And theirs know jobs coming to St Louis,with bad school,racism,crime,the mayor,other city leaders,it would be a snowball chance in hell companies would move here with jobs thats a fact …..
Don’t forget about that 1% cash extract scheme the city runs for another reason.
twyonbd: Your poor English aside, the article refers to the entire metro area, not just the City. I think most would agree the current Mayor of St. Louis would be considered pro-business. Having said that, both our metro area and the State of Missouri have a poor record on job creation. As the economy recovers it is essential we capture our share of the jobs created.
Why would the Federal Reserve Bank of St. Louis be posting unemployment numbers? They’re a privately held banking consortium why are they in charge of unemployment statistics? What’s their agenda?
The Federal Reserve of STL as well as 11 others are governed by Board of Governors in DC , appointed by the President of the US. So it is a government run entity, created to ‘foster a healthy economy’ by regulating banks, contributing to the nations monetary policy and overseeing activity of actual Federal Reserves…WHICH can all be affected by unemployment…WHICH means they must track unemployment to understand the financial system of the entire US.
twyonbd: “And there ARE NO jobs coming to St . Louis….. your command of the English language is pathetic, at best.
Is this how you present yourself to prospective employers? If so, you have absolutely no right to bitch about unemployment or your poor personal economy or anything else job-related, for that matter.
For crying out loud, people.
Wait until the Hwy 40 project is complete, where do you think those folks will go? Do they even count the laid off union workers? December numbers are going to be UGLY!
Wait until the extended benefits end soon or in December, then you’ll see the numbers rise dramatically upwards. If jobs aren’t generated soon in the St. Louis area, it may be time to check out other states and cities. I read that Lincoln, Nebraska and Eugene, Oregon are looking for people to work…
The economy is not going to produce jobs. Due to capital investment meaning plant, property, and equipment especially equipment the need for labor has declined. So how do we support the millions of Americans who are unemployed due to progress? Only about 120 million out of 300 million Americans are employed. Those nearing retirement are being prodded into continuing to work. The birthrate is declining due to hardships placed upon young Americans. Due to declining birthrates economic demand is down supply is up. The pressure in on for war. Millions who have not served in the Armed Forces now think they can insist that young American men and women put on the uniform and risk their lives in a far away land. Education has failed to produce jobs graduates go underemployed or unemployed by the thousands. Millions of Americans nearly 1/6th of the nation is below the poverty line. Due to technology we no longer need as many soldiers for war using men instead of technology only weakens our position. So why can not the millions of Americans that are suffering be free? Why are they expected to do makework jobs at low pay? What is needed is support for education in the medical fields, green energy fields, high technology. This is being done slowly by Washington. But what about the millions who are not involved in these fields? How are they going to survive? The answer is liberal benefits that can support families. This support raises the wage paid to employed labor that is why employers fight these programs through fascist bent conservatives. We need to get our heads out of sand and see the world as it is. There are no jobs and there will not be jobs in the near future.
So how is that “Hope and Change” working out for everybody? How are you Union guys doing after supplying The Chosen One with millions of dollars and providing bodyguards and beat down squads to his cronies? How about those of you below the poverty level, I am sure the wait time in lines for government checks has decreased because there are now fewer of you. Hey echo-people, how do you like your new “green jobs” that are putting America on track for energy independence and back to work. Good thing we hurried up and passed that stimulus bill or else unemployment would have reached 8%…uh oh. We better get a move on with healthcare because if we don;t…..Riiiggghhhhtttt!!!!!