Newspaper article St Louis Post-Dispatch (MO)

St. Louis Area Jobless Rate in February Holds Steady at 4.7 Percent

Newspaper article St Louis Post-Dispatch (MO)

St. Louis Area Jobless Rate in February Holds Steady at 4.7 Percent

Article excerpt

The St. Louis area unemployment rate held at 4.7 percent in February for the third straight month, the government reported, matching a 14-year low.

The area gained 6,900 jobs from January, a number adjusted for normal seasonal changes, the U.S. Bureau of Labor Statistics reported. That 0.5 percent gain brought the job total to 1.36 million.

Meanwhile, economists at PNC Bank predicted "slow but steady economic expansion" for St. Louis over the rest of this year.

The Pittsburgh-based bank painted a fairly rosy picture in a new report on the region. The improved labor market provides "a new dynamic for job seekers," giving them "some leverage in earning strong wage growth."

The bank noted that household income in St. Louis is above the national average, while the cost of living is lower. …

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