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Picture may improve, but not by much
ST. LOUIS POST-DISPATCH
The region's employment picture is looking gloomy, especially for people who make things. Back in February, Strauss was predicting 0.4 percent employment growth in metro St. Louis — about 5,500 jobs — less than half the average of the last 16 years. Since then, the housing market has stayed down and its woes have begun to spread. But the good news, Strauss said, is that housing and construction are not particularly big parts of the St. Louis economy, at least when compared to the coasts, and the region remains strong in other areas like education and professional services. "I think we'll be modestly positive by the end of the year," Strauss said. But that may be little comfort for those who work in construction and, particularly, in manufacturing, a sector that continues to ail. Factory jobs fell 2.6 percent in April and have dipped under 130,000 for the first time in decades. And when they leave the factory, they're finding a tough job market. The unemployment rate climbed above 6 percent in January and has been there since. tlogan@post-dispatch.com | 314-340-8291 |
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