Since the beginning of 2016, St. Louis has added 19,400 private jobs, well above the five year historic average of 9,700 private jobs through the first nine months of the year. Economic data from the Federal Reserve shows total private employment grew the strongest during February (4,600) and August (7,300). In addition, St. Louis’ seasonally adjusted unemployment rate remains on a downward trend as it fell to 4.6% in July, 30 basis points below the national rate of 4.9%. Since July of 2015, 8,300 office-using jobs were added to the local economy and overall private employment payrolls increased by 25,200. Looking ahead, the St. Louis’ labor market fundamentals are expected to remain robust and the outlook is particularly strong in the healthcare industry, which accounts for about one-quarter of the jobs created over the last year.
Source : Cushman & Wakefield