More than 142,000 in the St. Louis area are currently looking for work.
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More than 142,000 in the St. Louis area are currently looking for work. Unemployment rate highest in years. Sources: U.S. Bureau of Labor Statistics and MERIC. Region hammered by global economic recession, natural disasters, and auto industry decline. - PowerPoint PPT Presentation
Transcript of More than 142,000 in the St. Louis area are currently looking for work.
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June 1999 June 2000 June 2001 June 2002 June 2003 June 2004 June 2005 June 2006 June 2007 June 2008 June 2009
U.S., Missouri, and St. Louis MSA Unemployment RateJune 1999 - June 2009
Not Seasonally Adjusted
US MO STL MSA
More than 142,000 in the St. Louis area are currently looking for work.
Unemployment rate highest in years.
Sources: U.S. Bureau of Labor Statistics and MERIC
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U.S. and Missouri Payroll EmploymentManufacturing and Motor Vehicle Manufacturing
Index: 2003 annual average = 100
US Mfg MO Mfg US Motor Vehicle Mfg MO Motor Vehicle Mfg
Sources: U.S. Bureau of Labor Statistics and MERIC
Region hammered by global economic recession, natural disasters, and auto industry decline.
Business performance is flat as companies seek to reinvent strategies;
Hiring has slowed in the area; BUT
Future employment plans are optimistic, especially in the Education / Social Assistance / Healthcare, Retail, and Transportation / Warehousing sectors.
St. Louis Employer Survey reveals:
However nearly 1 in 4 businesses indicate they are constrained by the lack of available skilled workers and needed training programs, issues that existed before the downturn.
Most dislocated workers have held steady employment, are disproportionately older, and have minimal education;
Earning enough wages to support their families is the top concern; AND
Interested in accelerated training programs to help them quickly transition back into the workforce.
St. Louis Dislocated Worker Survey reveals:
How to balance the design of workforce programs between short-term efforts that can quickly reengage workers with longer term training necessary for many high demand, high wage occupations?
There are more ways to draw a crooked line than a straight one.
We need a strong and thriving St. Louis economy.
Visit www.stlworkforce.org
To access additional resources and tools related to this study
