– St. Louis added almost 80,000 jobs in the last decade according to St. Louis Community College report
– Manufacturing sector registered the highest growth whilst the information services sector shrunk
– The full picture needs to be observed due to high levels of job flux
A Flourishing St. Louis Economy
The Gateway City’s workforce has seen an unprecedented growth in the last decade. The numbers just rolled in and they show that the St. Louis job market bloomed, adding nearly 80,000 workers over the last 10 years, according to a report by St. Louis Community College.
Seeds Sown in Manufacturing and Healthcare
The driving forces of this growth emerge from the manufacturing and healthcare fields. The manufacturing sector essentially fired on all cylinders, puffing out its chest with the largest increment. Alongside, the healthcare sector also saw a substantial uprise, keeping in line with the nationwide trend.
However, not all sectors relished the economic boom. The report shows a shrinking in the information services field, with its workforce numbers withering down significantly.
Understanding the Job Flux
While an increase of 80,000 jobs might look like a surprise party, it doesn’t mean that low unemployment and job switches didn’t play a role. The numbers suggest a hefty amount of job flux, essentially a merry-go-round of people changing jobs, with folks adding new skills and swapping sectors.
The cyclical nature of these job changes rather contributes to the rich dynamism of the economic ecosystem, indicating a thriving and flexible job market in the region.
The Breezy Take
St. Louis, rich in its midwestern charm, is now a beacon of job growth. With a surplus of jobs primarily in manufacturing and healthcare, the city has cemented its place as a thriving business hub. However, it’ll be vital to keep an eye on the ebb and flow in sectors like information services which failed to join the job bonanza. Even with some variability, the overall job growth paints a vibrant economic canvas for the city. For Missouri, it’s the St. Louis show and rightly so. Now let’s watch how the scenes unfold in the coming years!
Original article: https://news.stlpublicradio.org/economy-business/2023-08-16/st-louis-region-sees-increase-in-startups-as-employers-look-for-more-workers