Economy & Innovation

Unemployment
5:05 pm
Tue December 7, 2010

Unemployment numbers released for St. Louis

An arial photo of downtown St. Louis. Employment rose in St. Louis this year, but not as much as it did nationally.
(Flickr Creative Commons User Daniel Leininger)

The U.S. Bureau of Labor Statistics released data today about the state of unemployment over the past year for the St. Louis Mo.-Ill metropolitan area. We have some of the highlights for you:

  • St. Louis Mo.-Ill. registered an unemployment rate of 9.3 percent in October 2010 (not seasonally adjusted).
  • Nationally, the unemployment rate was 9.0 percent in October 2010, not seasonally adjusted.
  • Employment rose in St. Louis at a rate of 0.1 percent, but not as much as it did nationally, 0.5 percent.

So who was getting hired?

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Business
10:43 am
Tue December 7, 2010

River City casino won't reach revenue projection

River City casino
(Wikimedia Commons User RamblingGambler)

The St. Louis area's newest casino is falling short of revenue projections.

The St. Louis Post-Dispatch reports that the River City casino in south St. Louis County is now projected to generate slightly less than $8.2 million in its 10 months of operation this year, and a little less than $10 million in 2011.

Pfizer
3:05 pm
Mon December 6, 2010

Read takes over a Pfizer facing many difficulties

Ian Read
Pfizer.com

Pfizer employs about 500 people in research facilities around St. Louis, according to the St. Louis Business Journal. A shift at the very top of the corporation comes at a trying time for the drugmaking giant.

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Missouri & Asia
5:34 pm
Wed December 1, 2010

Nixon heads to Taiwan, South Korea on trade mission

Mo. Gov. Jay Nixon

A trade mission led by Mo. Gov. Jay Nixon heads to Taiwan and South Korea later this month.

The primary reason for the trip will be the signing of a letter of intent sealing Taiwan's purchase of $600 million of Missouri goods.

According to a press release from the Nixon's office, the deal will indicate a roughly 28 percent increase in Missouri exports to Taiwan, to about $88 million.

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Business
6:31 pm
Mon November 29, 2010

Koman, Tropicana to jointly fund Chain of Rocks casino

The proposed design for Casino Celebration.
(Casino Celebration)

A Las Vegas-based gaming company has entered a deal to help finance and operate the proposed casino at the Chain of Rocks bridge in north St. Louis.



The financing by the numbers:

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