Missouri Economic and Workforce Report 2021

2021·18.2 MB·English

by  Missouri Department of Higher Education and Workforce Development, Missouri Economic Research and Information Center

MISSOURI ECONOMIC &
2021
WORKFORCE REPORT
1  MISSOURI ECONOMIC REPORT 2021
2021 ECONOMIC REPORT
COVID-19
UPDATES
The 2021 Missouri Economic and Workforce Report gives a broad
overview of Missouri’s economy in the last year, tracking a selection of
meaningful indicators. At the time of publishing this report, Missouri’s
economy is in recovery from the health and economic impacts of the
COVID-19 pandemic, as are the U.S. and world economies.
The data contained in this report largely focuses on economic activity in
Missouri during the most recent calendar year, using a variety of the most
reliable and proven economic and workforce data resources available.
Typically, these high-quality sources have some lag in publication due
to the sound and thorough methodologies used to ensure accurate and
reliable data. Analysis of economic shifts will always rely on these key
sources for the most precise representation of the economy, and Missouri
will continue to monitor these indicators throughout the state’s economic
recovery. It is valuable to have a comprehensive review of the state’s
economy, even if some of the indicators lag.
2020 was an extraordinary year in many ways, including economically.
The first half of the year was marked by historic losses in employment
and output, as businesses and activities were limited due to the pandemic.
Income and personal savings rates peaked, as economic support payments
were distributed and consumers had few opportunities for spending. The
second half of 2020 was defined by the beginning of economic recovery,
in both employment and domestic output. Many of the annual averages
in this report tell that story – showing decline, improvement in a snapshot
of the most current data when available, and that there is still recovery to
occur in 2021 and beyond.
Future annual economic reports will begin to show if there are permanent
economic shifts from the pandemic, either in accelerating existing trends
or pivoting the economy in unexpected ways. To track the most current
trends, visit the Missouri Economic Research and Information Center
website at meric.mo.gov.
2  MISSOURI ECONOMIC REPORT 2021
CONTENTS
“Show Me” the facts ................................................4
Current Trends ...........................................................5
Missouri Economy Overview ................................6
Regional Analysis ....................................................10
Central Region ....................................................11
Kansas City Region ..........................................15
Northeast Region .............................................19
Northwest Region ...........................................23
Ozark Region ....................................................27
South Central Region ......................................31
Southeast Region ............................................35
Southwest Region ...........................................39
St. Louis Region ...............................................43
West Central Region ......................................47
Data Sources .............................................................51
Appendix ...................................................................52
3  MISSOURI ECONOMIC REPORT 2021
2021 ECONOMIC REPORT
SHOW ME
THE FACTS
Missouri’s GDP totaled $277.4 billion in 2020 in 2012 inflation-adjusted
dollars, a 3.6 percent decrease over the previous year.
•
Missouri’s per capita personal income was $51,177 in 2020, up 5.2
percent from 2019. Personal income increased in 2020 due to additional
government payments to support economic recovery.
•
Due to the pandemic, 17 out of 20 industry sectors lost jobs between
2019 and 2020.
•
The Accommodation and Food Services sector experienced the largest
employment drop, with 44,678 jobs lost. The largest percentage loss was
in the Arts, Entertainment, and Recreation sector, which lost 23 percent
of its employment. Most industries have shown signs of recovery in late
2020 and early 2021.
•
In July 2021, Missouri’s unemployment rate was 4.2 percent, an
improvement from 6.8 percent in July 2020.
•
From July 2019 to July 2020, Missouri added 84,000 jobs, increasing
employment by 3.0 percent.
•
Missouri’s labor force participation rate was 63.1 percent in 2020 and
the U.S. rate was 61.7 percent. Both rates were impacted by workforce
challenges due to COVID-19.
•
Health Care, Retail Sales, Sales and Customer Service Representatives,
Transportation, and Computer Software and Web Developer jobs are
the most in-demand occupations based on a measure of online job
advertisements.
•
The St. Louis region is the largest, in terms of employment, with over
one million employees in 2020. The Kansas City and Central regions
had the next highest employment with nearly 580,000 and over 306,400
employees, respectively.
•
All regions in Missouri experienced negative growth in employment
from 2016 to 2020. This negative growth is partly due to the effects of
COVID in 2020. For some regions, this negative growth is part of an
ongoing negative trend.
4  MISSOURI ECONOMIC REPORT 2021
2021 ECONOMIC REPORT
CURRENT
TRENDS
In 2020, Missouri’s economy contracted by 3.6 points compared to the previous
year. Nationally, GDP decreased 3.5 percent over the same period. The large GDP
decrease from 2019 to 2020 was due to the economic effect of the COVID-19
pandemic. During 2020, GDP declined significantly in the second quarter,
marking the peak of shutdowns and layoffs in response to the pandemic, and
then began to recover in the second half of the year. Likewise, employment
declined during 2020, but has since been in recovery. Missouri’s nonfarm payroll
employment decreased by 5.7 percent, or 165,000 jobs, from July 2019 to July
2020. The Accommodation and Food Services and Arts, Entertainment, and
Recreation industries were particularly impacted by the pandemic, resulting
in significant employment declines in 2020. As of July 2021, employment in
Missouri grew by 3.0 percent year-over-year, with a recovery of 84,000 jobs.
In July 2021, Missouri’s unemployment rate was 4.2 percent, lower than both the
rate of 6.8 percent in July 2020 and the peak unemployment rate of the pandemic
in April 2020 of 12.5 percent. The U.S. unemployment rate was 5.4 percent
in July 2021. Labor force participation in Missouri was 63.1 percent in 2020,
down from 64.0 percent in 2019, but above the national average of 61.7 percent.
Labor force participation rates improved during the first half of 2021, but have
generally been in decline for more than a decade both in Missouri and the U.S.
All Missouri regions experienced negative growth in employment from 2016
to 2020. This negative growth is partly due to the effects of the COVID-19
pandemic. For some regions, it is part of an ongoing negative trend. The Ozark
and Northeast regions experienced the least negative growth, at -0.4 and -0.5
percent, respectively. The Central region had the next lowest negative growth at
-0.7 percent.
In this annual review of the Missouri economy, changes in gross state product,
personal income, civilian labor force, unemployment, and employment are
analyzed for the current period and more broadly over the last five to 10 years.
Moreover, in this review, special attention is paid to economic regions within
Missouri, their diverse workforce, and economies.
AS OF JULY 2021, MISSOURI EMPLOYMENT
GREW BY 3.0 PERCENT YEAR-OVER-YEAR,
WITH A RECOVERY OF 84,000 JOBS.
5  MISSOURI ECONOMIC REPORT 2021
2021 ECONOMIC REPORT
MISSOURI
ECONOMY OVERVIEW
GROSS DOMESTIC PRODUCT (GDP)
Gross Domestic Product (GDP) is the broadest measure of economic
$277.4
activity. This measure tracks the market value of goods and services
produced within a nation or state for a particular period of time. In
2020, Missouri’s GDP was $277.4 billion (in 2012 chained dollars);
this is a 3.6 percent decrease from 2019. Nationally, GDP decreased BILLION GDP
3.5 percent over the same period. The large GDP decrease from 2019
to 2020 was due to the economic effects of the COVID-19 pandemic. 3.6%
The percent decline in Missouri’s GDP, from 2019 to 2020, is
comparable with bordering states. All eight states experienced a
decline in GDP, with four states having greater negative growth and FROM 2019
four states having less negative growth than Missouri. Oklahoma
had the greatest decline, with -6.1 percent, and Nebraska had the
least, with -2.1 percent.
12.5 10,000
Missouri Real Gross State Product Annual Growth Rate In the past year, most industry sectors have experienced negative 11.5 5,000
6%
growth. The Arts, Entertainment, and Recreation industry had 10.5
2.0% 8 the largest loss, at 27 perUcSent. AMciscsooumrimodation and Food Services2,5 Population Share CLF Share 67 9.5 5% 0
7
1.5% 6at 20.9 percent, had the next largest negative growth. 66 8.5 4% -5,000
01..05%% 45 Iwnh 2e0re1a0s, Min i2ss0o2u0r, iM prisosdouucrei dp r$o2d6u9.c1e dbi $ll2io7n7. 4in b gilolioodns iann gdo soedrsv iacneds 2 0 65 67..55 3% hange -10,000
C
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011--...04535%..%%05%% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 465 20 6665 687...555 --65%% 43%% --5405,,000000 hange -1-05,,000000
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Health Care and Social Assistance at 1.4 percent, and Administrative 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 16-24 25-34 35-44 45-54 55-64 65+
-3.0% -4%
and Waste Services at 1.3 percent. SOURCE: U.S. BUREAU OF ECONOMIC ANALYSIS, 2020 -45,000
-3.5%
-5%
PB  MISSOURI ECONOMIC REPORT 2021 6  MISSOURI ECONOMIC REPORT 2021 MISSOURI ECONOMIC REPORT 2021  1 -50,000
-4.0%
-6%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Recession US Missouri
-7%
-8%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
MISSOURI OVERVIEW
TOTAL PERSONAL INCOME
Total personal income includes the wages and salaries of workers Net earnings accounted for 58 percent of Missouri personal
and other income received such as dividends, interest, rent, and income in 2020. Transfer payments accounted for 24 percent and
transfer payments. Incomes are reported before the deduction of dividends, interest and rent accounted for 18 percent. In the U.S.,
taxes. 59 percent of personal income was accounted for by net earnings,
22 percent by transfer payments and 19 percent by dividends,
Transfer payments are monies paid out by the government
interest and rent.
to individuals through Social Security, Disability Insurance,
Medicare, Unemployment Insurance compensation, Veterans Per capita personal income is a rough indicator of the economic
benefits, Education and Training Assistance programs (Pell Grants well-being of an area’s residents. Per capita income is calculated by
for example), and low-income assistance benefits (which include dividing an area’s total personal income by its population. The per
SSI, Medicaid, CHIP, and TANF). capita personal income of a Missouri citizen in 2020 was $51,177
and nationally it was $59,729. While the state’s per capita income
In 2020, Missouri’s total personal income was $314.8 billion, a 5.4
is lower than the national average, so is the cost of living. In 2020,
percent increase over 2019. The nation’s personal income increased
Missouri ranked sixth in lowest cost of living for all states.
6.1 percent to $19.7 trillion. California led the nation in total
personal income with more than $2.8 trillion. Texas, New York,
Florida, and Pennsylvania were in the top five. UNEMPLOYMENT
Among surrounding states, Missouri had the sixth largest percent
The unemployment rate measures the number of persons out
change in personal income from 2019 to 2020. Total personal
of work but actively seeking employment relative to the civilian
income in Iowa increased by 6.8 percent, followed by Illinois,
labor force. As of July 2021, the nation’s unemployment rate
Kentucky, and Nebraska, increasing by 6.5 percent each.
was 5.4 percent, a significant decrease from July 2020, reflecting
The increase in both U.S. and Missouri personal income in 2020 continued recovery from the economic downturn caused by
was due to an increase in transfer payments. Transfer payments the COVID-19 pandemic during 2020. Similarly, Missouri’s
reflected new government relief payments provided by the unemployment rate was 4.2 percent, an improvement from 6.8
Coronavirus Aid, Relief, and Economic Security (CARES) Act percent in July 2020.
of 2020, including increases in state unemployment insurance
Prior to the COVID-19 pandemic, Missouri and the nation
compensation and economic recovery payments to individuals. As
were experiencing record low unemployment numbers and a
a result, transfer payments increased by 26 percent in Missouri and
tight labor market. Unemployment spiked during the second
by 37 percent nationally.
quarter of 2020, as COVID-19 related shutdowns and layoffs
impacted the economy in the U.S. and around the world.
Missouri Components of Personal Income Missouri’s unemployment rate rapidly declined, as more
Missourians were able to return to work, but has not yet
reached pre-COVID levels.
Unemployment Rate
Dividends, 12.5 10,000
Interest,
Net Rent 11.5 6% 5,000
10.5
18%
2.0% 8 25 67Earnings 0
9.5 5%
US Missouri Population Share CLF Share
7
1.5% 6 66 58% Transfer 8.5 4% -5,000
1.0% 5 20 65 Payments 7.5 3% ge -10,000
0.5% 4 24% 6.5 han
C
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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 16-24 25-34 35-44 45-54 55-64 65+
-3.0% 72    MMIISSSSOOUURRII EECCOONNOOMMIICC RREEPPOORRTT 22002211 -4%
-45,000
-3.5%
-5%
-50,000
-4.0%
-6%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Recession US Missouri
-7%
-8%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
MISSOURI OVERVIEW
12.5 10,000
11.5 5,000
CIVILIAN LABOR FORCE Civilian Labor Force Participation Rates 10.5 6%
2.0% 8 25 67 0
9.5 5%
US Missouri Population Share CLF Share
7 The Civilian Labor Force is defined as the number of non-
1.5% 6 institutionalized persons—16 years and older—who are either 66 8.5 4% -5,000
1.0% 5 gainf2u0lly employed or are unemployed but actively seeking work. 65 7.5 3% ge -10,000
0.5% 4 The civilian labor force in Missouri totaled just over three million 6.5 han
in 2020. As per data from the Bureau of Labor Statistics (BLS), in C
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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 16-24 25-34 35-44 45-54 55-64 65+ SOURCE: U.S. BUREAU OF LABOR STATISTICS, LOCAL AREA UNEMPLOYMENT STATISTICS -40,000
-3.0% NONFARM PAYROLL EMPLOYMEN12.5T -4% -1405,0,00000
-3.5% Missouri Population and Labor Force by Age Cohort 11.5 6%-5% 5,000
Nonfarm payroll employment is the estimate of employment in10 .5 -50,000
2.0% -4.0% 8 25 • • 67the nonagricultural sector of the economy. Total nonfarm payroll -6% 0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 7 US Missouri Population Share CLF Share employment peaked in 2019 in the U.S. and Missouri, followin9g. 5 5% Recession US Missouri
1.5% 6 66nine years of growth after the Great Recession. July 2020 nonfa8r.m5 4%-7% -5,000
1.0% 5 20 65employment in the U.S. was 7.5 percent lower than in July 20197 d.5ue 3%-8% ge -10,000
0.5% 4 to the impact of the COVID-19 pandemic – a loss of more than6 1.51 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 han
2.0% 8 ----0-20211.....0.05505%%%%%% US Missouri 25 Population Share C---L0-334221F1 Share2010 2011 2012 2013 627014 2015 2016 2017 2018 2019 2020 110550 16-24 1190121 .... 5555 25-34 35-44 45-54 55-64 65+ 6666604321mrSsJ3uei.t65m0acil2%%yl to0plie i0vl2eowa9e0rnr ri c1 d i2te9Pjn0reon R1egt,ab0et on Mc ysm y e d.2Jsre ui0s,Booa sio1wlr1ysrny le o-l i J ot22utEuh0hv0rl1m e2yai2a’r n0s 2 -d p . y2nU0 7e0AeSlo2 co1am31snr ry e, fo, i aaem2lwfl0smr iJe1mio4eut pMn oh ln l iyp fso 2jsa t ao05oy2 yu1rb.Am057reri s2 oc ne.p 1 2oln e,n0l v tre1e u6ecmim rne a y npc2pl 0 rtollGo,1eof7 oay y 8r srmm o42e 10d,ewe061n8 n5b0 tt t ,y0 h 0h2f 0o50j aoR1.l09s2lb oa g j sp ow2r.te0boeer2swdc0, enfanr 04352bo1t......,5ym55555 2010059,,00 00 200R00e10c e s 2s0io11n 2012 U2S013 2014 M 2is0s1o5u r i 2016 2017 2018 2019 2020 2021 ---021321%%%%%% Employment C -----4-32321000555,,,,,,000000000000000000 Finance & Insurance Public Administration Agriculture, Forestry... Mining Utilities Construction Transportation Professional and Technical Services Real Estate Management Information Wholesale Trade Other Services Manufacturing Education Administrative and Waste Services Arts & Entertainment Health Care & Social Assistance Retail Trade Accommodation & Food Services
7
011...055%%% 465 --33..05%% 20 6665 687S...OD555EUMROCEG: RUA.SP. HDIECPST F. ROOF ML ATBHOE RC,U BRURREENATU P OOFP LUALBATOIRO NST SAUTRISVTEICYS.. 43%% hange -1-05,,000000 --45%% --5405,,000000
----0-20211.....00.5505%%%%%% ---0-3342211 -4.0% 2010 2011 2012 2013 2014 2015 2016 11 055 02017 2018 2019 2020 6666604321 2009 20R10ec e 2s0sio11n 2012 2U0S13 2014M i s2s0ou15ri 2016 2017 20IL6ofL6ao1nv13f8FFr e. . tPP7t1c r hh2e RRa0ppee g1w ee9 awsel rra tvh cca afs2eeoeest0trnen n r2a11’0 tstgmc.0..4 o ew MD yo0d4352mp1oe.....r.5 e55555eibarepssrkr espcats2itoheir0,nwt uen0aepg9dernt r- taei i aht2’agnosR0oge ee1r 0Ld ec6 t de p teF h4sp o2escoP0e io octa1it 1nRop nlnhd i u ante6e h2st 0l.5e Caai1h,2o st p O mii n gbo e U2aVrhoneS0lc1ere 3—IeL enrD n F 2 Mth-tp0Ph1.1i4 aaRi9Ig M sr nn h.2sitps 0 ioseI2t1aco5nruhu0 in rp ert2i 2d h2ia 00U0aeta1,2n6me .n i 0Ss ti i —,n.2tcd 0hML ,1e7t eaF Mhc is Pn lse2 i0ias Ransl1o 8atsse iuobo hd o2fruo0an i1trr9r’oas e i l ’ 2s 0 20 2021 ---021321%%%%%% Employment C -----4-32321000555,,,,,,000000000000000000 Finance & Insurance Public Administration Agriculture, Forestry... Mining Utilities Construction Transportation Professional and Technical Services Real Estate Management Information Wholesale Trade---687%%%Other Services 20Manufacturing09 2Education0R10e c eAdministrative and Waste Services2s0si1o1 n 2 Arts & Entertainment012 Health Care & Social Assistance 20U1S3 Retail Trade 2014 Accommodation & Food Services 2M0i1s5s o u 2ri016 2017 2018 2019 2020 2021
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 16-24 25-34 35-44 45-54 55-64 65+ In 2020, three of Missouri’s neighboring states had a higher labor
-3.0% -4%
force participation rate: Nebraska (69.6), Iowa (67.2), and Kansas -45,000
-3.5% (67.0). -5%
-50,000
-4.0% -6% • •
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Recession US Missouri
-7%
-8%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
NOTE: YEAR-OVER-YEAR, ANNUAL DATA SOURCE: U.S. BUREAU OF LABOR STATISTICS, CES
2  MISSOURI ECONOMIC REPORT 2021 8  MISSOURI ECONOMIC REPORT 2021 MISSOURI ECONOMIC REPORT 2021  3
MISSOURI OVERVIEW
EMPLOYMENT CHANGE BY INDUSTRY
Employment change by industry identifies the types of jobs being significant employment gains when comparing 2020 to 2021 in terms
created in the state. Industries with increasing employment indicate of employment changes by industry.
a greater need within that sector. There are also industries that
Seventeen out of 20 industry sectors lost jobs between 2019 and
behave more cyclically, growing during economic expansion and
2020. The pandemic may have accelerated long-term downward
decreasing in times of economic slowdown or contraction.
trends in some industries, such as Retail Trade and Administrative
These changes are crucial; they help identify both the types of and Waste Services. The pandemic negatively impacted some
occupational job loss that is occurring and industries that are industries especially hard. The Accommodation and Food Services
expanding or hiring. sector experienced the largest employment drop, with 44,678 jobs
lost. The largest percentage loss was in the Arts, Entertainment, and
The change in employment from 2019 to 2020 was heavily influenced
Recreation sector, which lost 23 percent of its employment.
by the economic situation caused by the COVID-19 pandemic.
Overall the state of Missouri lost employment from 2019 to 2020, Three industries ended the year with a positive growth. Finance and
with some industry sectors being much more negatively affected by Insurance added the most jobs, (1,411 jobs). Public Administration
the pandemic than others. There were large employment gains in the and Agriculture, Forestry, Fishing, and Hunting sectors also saw small
second half of 2020, but not enough to make up for the losses in the increases with 224 and 123 jobs added, respectively.
spring. As the economic recovery continues into 2021, there might be
Missouri Employment Change by Industry Sector 2019-2020
12.5 10,000
11.5 5,000
6%
10.5
2.0% 8 25 67 0
9.5 5%
US Missouri Population Share CLF Share
7
1.5% 66 8.5 4% -5,000
6
20
7.5
1.0% 5 65 3% ge -10,000
6.5 an
0.5% 4 h
C
----0-20211.....00.5505%%%%%% ---0-3342211 110550 6666604321 2009 20R10ec e 2s0sio11n 2012 2U0S13 2014M i s2s0ou15ri 2016 2017 2018 2019 2020 043521......555555 2009 2R0e10c e s 2s0io11n 2012 U2S013 2014 M 2is0s1o5u r i 2016 2017 2018 2019 2020 2021 ---021321%%%%%% Employment -----3232100555,,,,,000000000000000 Finance & Insurance Public Administration Agriculture, Forestry... Mining Utilities Construction Transportation Professional and Technical Services Real Estate Management Information Wholesale Trade Other Services Manufacturing Education Administrative and Waste Services Arts & Entertainment Health Care & Social Assistance Retail Trade Accommodation & Food Services
-40,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 16-24 25-34 35-44 45-54 55-64 65+
-3.0%
-4%
-45,000
-3.5%
-5%
-50,000
-4.0% SOURCE: MERIC ANALYSIS OF THE QUARTERLY CENSUS OF EMPLOYMENT AND WAGES MICRO-DATA, 2019 TO 2020
-6%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Recession US Missouri
This report was prepared by the staff of the Missouri Economic Research and Information Center (MERIC) as part of the Missouri
-7% Workforce Report. All data in this report was current at the time of publication and is subject to revision. Additional details on data
sources can be found in the full report.
This workforce solution was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration.
-8%
The solution was created by the grantee and does not necessarily reflect the official position of the U.S. Department of Labor.
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to
such information, including any information on linked sites and including, but not limited to, accuracy of the information or its
completeness, timeliness, usefulness, adequacy, continued availability, or ownership.
9  MISSOURI ECONOMIC REPORT 2021
2021 ECONOMIC REPORT
REGIONAL
ANALYSIS
Missouri’s economy is diverse The Missouri Regional Economic Profiles graph provides information on the total
and varies by geography, employment (size of the bubble), employment growth (horizontal axis), and average
natural resources, and annual wage (vertical axis) within each region. All Missouri regions experienced negative
population. To better growth in employment from 2016 to 2020. This negative growth is partly due to the effects
understand the state’s of the COVID-19 pandemic in 2020. For some regions, this negative growth is part of an
economy, the following ongoing negative trend.
section analyzes the various
The Ozark and Northeast regions experienced the least negative growth, at -0.4 and -0.5
regional economies. The
percent, respectively. The Central region had the next lowest negative growth at -0.7
state is divided into 10
percent. Statewide, the employment growth averaged -0.6 percent from 2016 to 2020.
regions. These regions
were developed using the The statewide average wage in 2020 was $50,140. St. Louis and Kansas City regions
Workforce Development had wages higher than the state average, with average wages of $55,704 and $53,876,
Areas created by the respectively. The Central and Ozark regions had the next highest wages, at $44,873 and
Workforce Investment Act of $43,792, respectively.
1998 and continued with the
Workforce Innovation and The St. Louis region is the largest, in terms of employment, with over one million
Opportunity Act of 2014. For employees in 2020. The Kansas City and Central regions had the next highest employment
a list of the economic regions with nearly 580,000 and over 306,400 employees, respectively.
used in this analysis and the
counties that make up those
regions, see the Appendix.
Missouri Regional Economic Profiles, 2020
60,000 St. Louis
Missouri Regional
Economic Profiles 2020
Kansas City
55,000
•
Missouri 3,052,700
MO Average
• Missouri
Central 306,446 50,000
•
• Kansas City 579,356 age • ••
W
• Northeast 121,948 al 45,000 • .-Central Ozark
u
• Northwest 119,639 Ann •
Ozark 257,091 e Southwest
•• SSoouutthh eCaesnt tral 17565,,647737 0 Averag 40,000 Northwest • Southeast Northeast
• 02 West Central
Southwest 127,807 2 South Central
• 35,000
St. Louis 1,003,072
•
West Central 119,658
30,000
MO Average
SOURCE: LOCAL AREA UNEMPLOYMENT STATISTICS (LAUS) AND
OCCUPATIONAL EMPLOYMENT AND WAGE STATISTICS (OEWS)
0
-1.6% -1.5% -1.4% -1.3% -1.2% -1.1% -1.0% -0.9% -0.8% -0.7%-0.6% -0.5% -0.4%-0.3% -0.2% -0.1% 0%
Annual Average Employment Growth Rate, 2016 to 2020
10  MISSOURI ECONOMIC REPORT 2021