Tagged: economy

After only two years of doing business in north St. Louis, the grocery store known as the Old North Grocery Co-Op may soon close down.

Store manager Jill Whitmann says re-vamping the co-op’s business model to rely primarily on volunteers will help shore up more funds before the end of May, when the budget will tighten.

A Saint Louis University economist thinks he has found a key to growth for St. Louis.

Professor Jack Strauss presented his findings this afternoon from an economic study that shows a direct correlation between an increasing immigrant population and economic growth. The study was originally released in June.

He says he thinks it is likely that the city’s economic slump is partly due to a dwindling number of immigrants living in the area. Four and a half percent of St. Louis’ population is foreign. In other large cities, that number is closer to 18 percent.  

A new report shows Missouri gaining nearly 18,000 jobs last month while the state's unemployment rate held steady at 7.2 percent.

The state Department of Economic Development released the figures Tuesday. 

The agency says the net gain of 17,900 nonfarm payroll jobs from July included 4,900 jobs in manufacturing and 10,200 jobs in the government sector - nearly all of those at the local level.