MSA Reports Unemployment Rates Nearly Flat
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ST. LOUIS (KMOX)- Data released by the U.S. Bureau of Labor Statistics show the metro area’s unemployment rate at 7.4 percent, slightly lower than the national average.
Unemployment ratings are provided by the St. Louis Mo.-Ill. Metropolitan Statistical Area (MSA) for 2012.
According to data released Wednesday by the U.S. Bureau of Labor Statistics, the St. Louis Mo.-Ill. MSA registered an unemployment rate of 7.4 percent in April 2012, not seasonally adjusted. Nationally, the unemployment rate was 7.7 percent in April 2012, not seasonally adjusted, and 8.1 percent seasonally adjusted.
Total nonfarm employment, not seasonally adjusted, in the St. Louis metropolitan area stood at 1,303,400 in April 2012, down 3,500 (-0.3 percent) over the year. Nationally, nonfarm employment rose 1.3 percent from a year ago.
Five of the ten industry super sectors in the St. Louis area added over 1,000 jobs from April 2011 to April 2012. Professional and business services experienced the largest increase in employment, gaining 5,100 jobs through the year, followed by manufacturing jobs gaining 3,100. Education and health services (2,700), financial activities (2,400), and other services (1,200) also registered over-the-year employment.
Seasonally adjusted, total nonfarm employment in the St. Louis area was little changed (-0.1 percent) from March 2012 to April 2012.