Federal Reserve Bank of St. Louis

Economy & Innovation
5:12 pm
Fri December 19, 2014

St. Louis Fed: Moderate Optimism For Region's Economy

Eastern Missouri and southern Illinois saw the unemployment rate drop significantly to 6.3 percent - the lowest level since mid-2008.
Credit BLS, courtesy of Federal Reserve Bank of St. Louis

A new report from the Federal Reserve Bank of St. Louis shows two-thirds of businesses surveyed are moderately optimistic about the St. Louis region's economic outlook in 2015.

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Federal Reserve Turns 100
4:02 pm
Sat November 29, 2014

Federal Reserve Bank Of St. Louis Marks Milestone

The Federal Reserve Bank of St. Louis at Locust St. and N. Broadway, circa 1924-1925 just after the building went up.
Credit Courtesy of the St. Louis Fed

The Federal Reserve Bank of St. Louis celebrates its centennial anniversary this year.

St. Louis was one of 12 Reserve Banks that opened for business on November 16, 1914. They were all part of the Federal Reserve System created when President Woodrow Wilson signed the Federal Reserve Act into law in December, 1913.

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Youth unemployment
4:56 pm
Thu October 23, 2014

Employing More Young People Touted As One Way To Help The Local Economy

Unemployment for young people rose more than 30 percent over the last two decades.
Credit (Flickr/Thomas Karl Gunnarsson)

When large numbers of young people are unemployed, it is not only a blow to the individuals, it is also a missed economic opportunity for the region. That was the overarching message of a panel discussion held Thursday by the Federal Reserve Bank of St. Louis and STL Youth Jobs.

The Organisation for Economic Co-operation and Development estimates that in 2012, 15 percent of people ages 16 to 24 in the U.S. were not employed, not in school or not getting job training. For each of those “detached” youth, the economy misses out on $14,000 annually.

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St. Louis on the Air
5:19 pm
Wed May 7, 2014

The Struggle For Young People To Reach The American Dream: A Conversation With St. Louis Researchers

As the United States economy returns to a healthier state, one generation in particular is lagging behind in returning to pre-recession levels of wealth: millennials.

Young people in their 20s and 30s have taken a greater hit from the recession than any other age group, bringing into question whether the American dream of upward mobility is obtainable for them.

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Business
8:25 pm
Sun March 2, 2014

Young Families Hurt More By Recession

Credit (via Flickr/MoneyPit)

Younger families are not recovering as quickly from the recession as their elders.

An analysis from the Federal Reserve Bank of St. Louis found that families headed by someone younger than 40 have recovered only about one-third of their pre-recession wealth.

Meanwhile older families have nearly regained their pre-crisis level of wealth.

So, why are those under 40 having a harder time recovering?

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St. Louis on the Air
8:03 pm
Mon February 4, 2013

Restoring Household Financial Stability Post Recession

Federal Reserve Bank of St. Louis

Digging out of an economic crisis can be a lot more complicated than getting in to one and can take a lot more time, too.  While there are positive signs that we are climbing out of the recession, there is still considerable fallout, especially for young couples and recent college grads. 

Jobs are still hard to find for newcomers in the job market and college debt is overwhelming for many. The housing market decline, and resulting loss of wealth, was especially painful for young home owners. 

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