St. Louis Unemployment Rate Is 7.2 Percent

ST. LOUIS (KMOX) – The U.S. Bureau of Labor Statistics says unemployment in the St. Louis region stands at 7.2 percent, compared to 8.6 percent a year ago.

Economist Linda Nickisch says that’s encouraging, but the numbers don’t tell the whole story.

“Official unemployment data only counts people who are available for work and have actively sought the job in the four weeks leading up to their interview,” she said. “We don’t pick up those discouraged workers and we don’t pick up those people who are looking part-time but really want a full-time job.”

The latest numbers also show employment is up by 15,000 jobs in the St. Louis region, and up by 27,000 statewide.

“Looking at this last twelve month period, we are seeing improvement in employment and we’re also seeing a decline in the unemployment rate,” Nickisch said.

But, looking at the big picture, since the recession began in December 2007, there are 127,000 fewer jobs in Missouri and 53,000 fewer jobs in the St. Louis region.


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS St. Louis

Live Inspired
KMOX Podcasts

Listen Live