The St. Louis area's job growth has lagged far behind other Midwestern cities and the national average since 2010, but things could be turning around.
The metropolitan area saw 1.8 percent growth in the number of jobs from 2010 to 2013. By contrast, Kansas City had double the growth with 3.5 percent; Chicago saw 4.5 percent, and the national average was even higher at 4.7 percent.
Federal Reserve economist Charles Gascon said St. Louis’ number — about 22,000 jobs over the three years — is a reflection of a near freeze in job growth here in 2011 and 2012.
Roni Chambers, who led the now-shuttered GO! Network, is practicing what she used to preach to white-collar professionals who turned to her nonprofit for help after they lost their jobs during the Great Recession.
Missouri’s two U.S. senators – Republican Roy Blunt and Democrat Claire McCaskill – are highlighting their differences when it comes to extending unemployment benefits to millions of out-of-work Americans.
On Wednesday, the two held dueling tele-conferences with reporters in which Blunt make clear his opposition and McCaskill underscored her support.
Missouri businesses will have to shell out more money for unemployment taxes next year in order to pay down debt the state owes to the federal government.
Missouri began borrowing federal dollars in 2008 to pay for jobless benefits after an economic downturn drained the state's unemployment benefits trust fund. Brendan Cossette with the Missouri Chamber of Commerce and Industry says that led to the feds levying a surcharge on Missouri businesses to repay the borrowed money.
A new report says Missouri's unemployment rate edged higher last month, while the state gained 6,200 payroll jobs.
The state Department of Economic Development said Tuesday that the August jobless rate was 7.2 percent, up one-tenth of a percentage point from July.
The report says the biggest increase in jobs was in the government sector. It added 5,700 jobs - including 5,000 for local governments. The agency attributes the gains to the early start to the school year.
The education and health services sector added 1,800 jobs.
Missouri’s unemployment rate is now at its lowest point in four years.
November’s jobless rate is at 6.7 percent, down from 6.9 percent in October. At the same time, though, the state lost 6,800 non-farm jobs last month. John Fougere is with the Missouri Department of Economic Development.
“There’ll be blips from time to time, but we never focus on any one month of data when it comes to the number of jobs gained or lost, but instead the overall trend," Fougere said. "Right now the overall trend of Missouri’s economy appears to be positive.”
As of September, 11.7 million people were unemployed. But that doesn't include people who were working part time because they can't find a full-time job. It also doesn't include people who wanted a job but haven't looked for work in the past four weeks.
Illinois' unemployment rate dipped to 8.8 percent in September.
That's down from a rate of 9.1 percent in August. And the Illinois Department of Employment Security says the seasonally adjusted figures reported Thursday show Illinois' unemployment rate has fallen 10 times in the past 13 months.
IDES says Illinois added 13,800 jobs in September, and Director Jay Rowell calls the news "encouraging because it reinforces the trend of continued job growth."