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Economy St. Louis County has a diverse economic base with the largest number of jobs in the service and retail industries. Its manufacturing sector, while declining, still provides nearly a fifth of the aggregate wage and salary income. The County’s resident labor force includes a disproportionate share of the region’s and the state’s managerial and professional workers. The County’s share of the bistate region’s economy includes 37 percent of the jobs and 51 percent of the retail sales. Statewide St. Louis County in 2000 provided 36 percent of the state income tax revenues due. Economic Trends .............................................................................................................19 Employment Growth by Industry Group ........................................................................20 Fastest Growing Industries by Size .................................................................................21 Wage and Salary Income by Industry .............................................................................22 Occupational Distribution................................................................................................23 Office Space .....................................................................................................................24 Office Space Regions Map............................................................................................25 Major Shopping Centers................................................................................................26 Major Regional Shopping Centers Map .......................................................................28 Retail Sales for the St. Louis Metropolitan Area..........................................................29 Trade and Transportation ..............................................................................................30 Service and Finance Industries......................................................................................31 Manufacturing Industries ..............................................................................................32 Labor Force....................................................................................................................33 Personal Income and Self-Employed Workers.............................................................34 Major Employers and Cost of Living Data...................................................................35 State and Metro Assessed Value and Income...............................................................36 Internet resources on reverse. Economy Internet Resources Census data American Fact Finder U.S. Bureau of Labor Statistics U.S. Bureau of Economic Analysis www.census.gov http://factfinder.census.gov/servlet/BasicFactsServlet http://www.bls.gov/ http://www.bea.gov/ Economy Economic Trends Trade, Transportation, and Utilities Public Administration Professional and Business Services Other Services Natural Resources and Mining Leisure and Hospitality Information Financial Activities Education and Health Services Construction Manufacturing -30% -20% -10% 0% 10% 20% 30% Employment Change by Major Industry Group 1995-2005 Local economy diversifies St. Louis County emerged as the economic center of the St. Louis region in the 1980’s with both the largest number of jobs and the largest resident labor force in the region. Since then, the County’s economy continued to thrive, with continued low unemployment rates. The County contains about one-fourth of all jobs in the State of Missouri and about half the jobs in the St. Louis Metro area. Consistent with national trends, the County saw considerable job growth in the late 1990s followed by a period of job loss following the 2001 recession. Job growth resumed in 2004 and has continued at a modest pace, coupled with solid wage gains through the first quarter of 2006. The County’s employment base has become more diverse as manufacturing employment has been in a long-term decline since the 1980s, with job growth coming from a variety of service industries. The share of employment from Manufacturing fell from 15 percent in 1995 to 11 percent in 2005. In contrast, several service industry groups, particularly Education and Health Services, grew substantially. The unemployment rate for St. Louis County was below that of the metropolitan area and even farther below the national rate throughout the 1990’s. Since 2000 the County’s unemployment rate has been more closely aligned with both metro area and national unemployment rates. 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 95 96 97 98 99 00 01 02 03 04 05 06 St. Louis County United States St. Louis Metro Unemployment Rates 1995-2006 Sources: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages and Current Population Survey. 19 Employment Growth by Industry Group Employment and Wages by Industry Group, 1995-2005 Industry Group Natural Resources and Mining Construction Manufacturing Trade, Transportation, and Utilities Information Financial Activities Professional and Business Services Education and Health Services Leisure and Hospitality Other Services Public Administration Total 1995 Employment 960 30,406 80,781 130,967 15,522 39,108 96,973 99,873 56,461 19,230 13,141 583,422 2005 % Change Employment 1995-2005 1,051 9% 35,147 16% 61,240 -24% 130,528 0% 18,148 17% 43,736 12% 105,316 9% 125,551 26% 62,892 11% 20,508 7% 12,950 -1% 617,067 1995 Avg. Wage $ 36,726 $ 37,657 $ 41,721 $ 26,600 $ 42,781 $ 34,339 $ 35,399 $ 30,544 $ 11,250 $ 18,261 $ 30,822 2005 % Change Avg. Wage 1995-2005 $ 82,896 126% $ 50,291 34% $ 60,746 46% $ 36,265 36% $ 57,233 34% $ 54,301 58% $ 56,722 60% $ 40,146 31% $ 16,795 49% $ 25,696 41% $ 45,641 48% $ 43,610 42% 6% $ 30,708 Employment and wage trends vary by industry Education and Health Services was the industry group with the most rapidly growing employment between 1995 and 2005. Information, Construction, and Financial Activities and Leisure and Hospitality had over 10 percent employment growth. Manufacturing had a 24 percent loss but continues to have above average wage levels. Professional and Business Services and Financial Activities had the most rapid wage gain among industry groups with over 1,000 workers. These industries also had among the highest average wages. St. Louis County’s job base continued to shift toward well paying industry groups that required highly skilled and educated workers. The tiny Natural Resources and Mining Industry group had the most rapid wage gain as well as the highest wages. Trade, Transportation and Utilities is the largest industry group; it includes a wide array of industries, ranging from high paying utilities and distribution industries to relatively low paying retail trade. This large group saw little overall employment change. Leisure and Hospitality, which includes food service and lodging industries, combined above average job growth with relatively low wages and below average wage gains. Const. and Leisure and Mining Other 6% Manufacturing Services 1 0% 1 4% Education, Health, Pub. Admin 22% Trade,Tran. & Utilities 21 % Finance 7% Prof./Bus. Info. Services 20% Employment by Industry, 2005 Note: This data uses the NAICS classification system, which replaced the SIC system used for many years. Government employment is mixed with private sector jobs by function. The data include all wage and salary workers covered by unemployment insurance. Not included are self-employed, railroad, military, and some church employees. These data pertain to people who work in St. Louis County rather than those who live in St. Louis County. Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages. 20 Fastest Growing Industries by Size Ten Fastest Growing Industries in St. Louis County 1995 – 2005 with Employment over 1,000 Industry Social assistance Securities, commodities, investments Furniture & home furnishings stores ISPs, search portals, data processing Amusements, gambling, recreation Educational services Heavy construction Ambulatory health care services Rental and leasing services Electronics and appliance stores Employees % Change Average Wage ($) % Change 1995 2005 Employment 1995 2005 Avg. Wage 4,689 8,114 73% 13,847 18,240 32% 2,651 3,891 47% 62,325 93,076 49% 2,593 3,722 44% 23,101 27,221 18% 2,944 4,133 40% 64,605 63,647 -1% 6,434 8,760 36% 10,745 18,419 71% 15,223 20,470 34% 35,499 46,619 31% 2,163 2,860 32% 39,940 57,441 44% 20,120 26,363 31% 41,140 54,466 32% 3,079 3,981 29% 25,106 30,785 23% 2,792 3,498 25% 25,625 29,491 15% composition of the industry group caused the wage changes. The Securities industry combined rapid growth with very high wage levels. (Wage figures in the tables on this page are not adjusted for inflation.) The table below, with the most rapidly growing large industries, strongly emphasizes the role of Education and Health, with the top three, and four out of the top ten industries coming from that sector. Education and health services lead large industry employment growth Industries that grew rapidly from 1995 to 2005 were in a wide variety of industry sectors. Education and Health Services was the strongest sector. Amusements, Gambling and Recreation had the highest growth in average wages, starting from a low base, while ISPs/data processing had a wage decline. In both cases, changes in the Ten Fastest Growing Industries in St. Louis County 1995 – 2005 with Employment over 10,000 Industry Educational services Ambulatory health care services Hospitals Specialty trade contractors Food services and drinking places Professional and technical services Nursing and residential care facilities Management of companies Merchant wholesalers, durable goods Credit intermediation Employees % Change Average Wage ($) % Change 1995 2005 Employment 1995 2005 Avg. Wage 15,223 20,470 34% 35,499 46,619 31% 20,120 26,363 31% 41,140 54,466 32% 19,738 24,462 24% 29,595 40,379 36% 19,788 23,111 17% 36,270 48,457 34% 40,437 45,586 13% 9,378 13,604 45% 36,698 41,232 12% 39,441 65,037 65% 11,009 12,369 12% 15,826 22,215 40% 24,052 26,579 11% 56,208 80,530 43% 16,849 18,467 10% 41,589 57,742 39% 11,896 12,706 7% 32,307 55,222 71% Note: The data in these tables include all wage and salary workers covered by unemployment insurance. This does not include self-employed workers, railroad, military, and some church employees. These data pertain to people who work in St. Louis County. Source: U.S. Bureau of Labor Statistics – Quarterly Census of Employment and Wages. 21 Wage and Salary Income by Industry Leisure & Other Const. & Services Mining 7% 6% Manufactur e Educ. 1 4% Health, Pub Admin 21 % Trade,Tran. &Utilities 1 8% Prof./Bus. Info. Services 26% as well, while Trade, Transportation and Utilities declined. Comparison between this chart and the Employment by Industry chart on page 20 shows the contrast between employment and income caused by wage levels. Professional and Business Services and Information industries provided 20 percent of the jobs but 26 percent of the wage income in 2005, while Manufacturing industries which now only provide 10 percent of the jobs in St. Louis County still generated 14 percent of total wages. Leisure & Other Const. & Services Mining 6% 7% Manufacture 1 9% Finance 9% Wages by Industry Group for St. Louis County Workers, 2005 Educ. Health, Pub Admin 1 9% Finance 7% Professional and business service wages play larger role The aggregate wage and salary income generated by an industry is a vital indicator of the importance of an industry to a community. An industry that pays higher wages may have more impact on a local economy than another industry with more employees but lower wage levels. The charts on this page show the distribution of wages and salary by major industry groups for St. Louis County workers (including non-residents) and the changes that have occurred between 1995 and 2005. As a percent of the total for St. Louis County, Professional and Business Services, Information and Finance industry wages jumped 5 percentage points between 1995 and 2005, while Manufacturing fell by 5 percentage points in the same period. Education and Health Services grew Prof./Bus. Info. Services 23% Trade,Tran. & Utilities 1 9% Wages by Industry Group for St. Louis County Workers, 1995 Note: This data uses the NAICS classification system, which replaced the SIC system used for many years. Government employment is mixed with private sector jobs by function.. The data include all wage and salary workers covered by unemployment insurance. Not included are self-employed, railroad, military, and some church employees. These data pertain to people who work in St. Louis County rather than those who live in St. Louis County. Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages. 22 Occupational Distribution Employment by Occupation Management, professional, related occupations Service occupations Sales and office occupations Farming, fishing, and forestry occupations Construction, extraction, maintenance occupations Production, transportation, occupations Total Missouri 879,002 441,791 736,961 16,072 279,608 390,497 2,743,931 St. Louis MSA 464,450 225,733 366,525 2,746 130,746 155,946 1,346,146 St. Louis MSA 35% 17% 27% 0% 10% 12% 100% St. Louis County 201,803 74,653 145,188 118 34,632 42,193 498,587 St. Louis County 40% 15% 29% 0% 7% 8% 100% St. Charles County 69,633 24,905 49,232 245 18,134 17,390 179,539 St. Charles County 39% 14% 27% 0% 10% 10% 100% Percentages of Total Employment Management, professional, related occupations Service occupations Sales and office occupations Farming, fishing, and forestry occupations Construction, extraction, maintenance occupations Production, transportation, occupations Total Missouri 32% 16% 27% 1% 10% 14% 100% Managers, professionals predominate in St. Louis County. "Blue Collar" 15.4% Management & Professional 40.5% Sales/Office 29.1% Service Workers 15.0% 2005 data from the American Community Survey shows the continued predominance of managerial and professional occupations among St. Louis county residents The occupational distribution of workers residing in St. Louis County differs most markedly from that of the State of Missouri and the MSA in the preponderance of workers in the “Managerial, Professional and Related” category, which accounts for 40 percent of St. Louis County workers. Statewide the figure is 8 percentage points less. St. Charles County’s resident occupational pattern has grown more similar to St. Louis County’s. The main difference is the higher proportion of St. Charles County residents in the “blue collar” categories of Construction, Production and Transportation occupations. St. Louis County Employed Residents, 2005 Source: U.S. Census Bureau, American Community Survey, 2005. 23 Office Space Summary of Office Space by Year of Construction and Area (in net square feet) Region Airport North Bridgeton/Northwest Chesterfield/Highway 40 Clayton/Mid-County Far North Manchester/Southwest Olive/Westport South County Total Pre-1960 1,056,394 3,528 9,230 1,241,409 23,328 201,028 184,000 140,586 2,859,503 1960’s 1,197,441 356,985 202,139 1,898,647 199,970 259,072 2,122,777 399,040 6,636,071 1970’s 938,047 1,681,215 503,462 1,861,693 228,437 1,774,930 4,179,891 1,312,733 12,480,408 1980’s 1,308,345 2,702,722 4,297,495 3,366,422 449,986 2,390,131 5,262,822 1,213,046 20,990,969 1990’s 648,530 2,465,724 2,000,019 1,320,378 234,333 1,799,176 1,184,584 728,627 10,381,371 2000’s 303,470 736,110 1,498,103 891,142 71,670 773,577 499,172 425,144 5,198,388 Office construction peaked in the 1980’s The 1980’s was a boom period in office space construction in St. Louis County: nearly 21 million square feet, or 36 percent of the office space existing in the County today, was developed in that decade. Office space construction in the 1990’s slowed after the boom years of the 1980’s. The Olive/Westport region contains the largest amount of office space (13.4 million square feet), followed by the Clayton/Mid-County (10.5 million square feet) and Chesterfield/Highway 40 (8.5 million square feet) regions. A dramatic decrease in the amount of office construction in the early 1990’s was due to overbuilding during the 1980’s. Prior to the recession in 2001, a burst of office construction activity took place in the Chesterfield/Highway 40 region and along I-270 in the Manchester/Southwest region. Reductions in the pace of construction are typically seen during recessions. The Page avenue extension, which was finished in 2003, improved highway access between the Olive/Westport region and St. Charles County. The MetroLink (light rail) extension, which was completed in the winter of 2006, has improved access by public transportation to the Clayton/Mid-County office space region. Total Office Space by Region Region Airport North Bridgeton/Northwest Chesterfield/Highway 40 Clayton/Mid-County Far North Manchester/Southwest Olive/Westport South County Total Net Sq. Ft. 5,452,227 7,946,284 8,510,448 10,579,691 1,207,724 7,197,914 13,433,246 4,219,176 % 9% 14% 15% 18% 2% 12% 23% 7% 58,546,710 100% Source: St. Louis County Department of Planning. 24 Office Space Regions St. Louis County, Missouri Office Space Regions PELIC AN IS LAND CORA ISLAND RI VE R Y BR A D AN SL NI FAR NORTH ´ I q U ( k & % ( h & % Chambers Rd MISS OUR I BRIDGETON / NORTHWEST V RI ER C St. rle ha nty ou sC $ f " ! ( k & % ´ I Lambert St. Louis International Airport Hu nt Rd MI SS OU RI LL WE HO Rd Spirit of St. Louis Airport Wood s Mil D AN ISL l Rd RIVER BON HOM ME IS LAND JOHNS ON IS LAND OLIVE / WESTPORT Page A ve St. Ch arl e sR oc kR d Lu cas & y " I ! $ e US-40 Olive Blvd $ f " ! City of St. Louis RIVER Ladue Rd Cla rks on ( h & % Lindbergh Blvd Franklin County Rd yton Cla CLAYTON / MID-COUNTY ER R RIV $ b " ! $ c " ! S IS M ¥ U MANCHESTER / SOUTHWEST MERAMEC S IS Hwy 109 on Wats EC R RAM ME Rd ois Grav Rd ARSENAL ISLAND R VE RI $ b " ! y3 Hw 0 RIVER Lindb ergh SOUTH Blvd ay m Le rry Fe Rd $ b " ! MERAMEC ( k & % Telegraph Rd Jefferson County $ c " ! ER R IV ( j & % Monr oe Co unty ® 0 2 4 Miles AMEC M ER M IS SI SS IP PI RIVE R Prepared by St. Louis County Department of Planning March 2007 St. IP Cl PI air Co un ty Manchester Rd 1 y y 14 Hw Misso u Illino ri is CHESTERFIELD / HIGHWAY 40 y " I ! $ e y I $ e " ! Ma dis on C MOSENTHEIN ISLAND oun ty AIRPORT / NORTH M SIP IS ISS PI CHOUTEAU ISLAND PE S DE S RE RIV ER 25 Major Shopping Centers Shopping Center (including those over 100,000 sq. ft.) REGIONAL MALLS Chesterfield Mall Crestwood Plaza Jamestown Mall Northwest Plaza Plaza Frontenac South County Center St. Louis Galleria St. Louis Mills West County OTHER SHOPPING CENTERS Airway Ballwin Plaza Ballwin Old Town Plaza Bel-Acres Bellerive Plaza Breckenridge Hills Brentwood Square Brentwood Pointe Butler Hill Center Carrollton Central City South Central Plaza Clarkson/Clayton Center Clocktower Place Concord Plaza Creve Coeur Plaza Cross Keys Crossings at Halls Ferry Cypress Village Deer Creek Center Des Peres Square Dorsett Village Eureka Towne Center Florissant Florissant Meadows Flower Valley Plaza Four Seasons General Grant Grandview Plaza Sq. Ft. Bldg. Zip Area Code 1,551,000 1,100,000 1,252,000 2,085,000 466,000 1,049,000 1,294,000 1,100,000 605,000 199,000 165,000 287,759 140,000 173,000 101,000 250,000 180,000 100,000 130,000 187,000 165,000 140,000 220,000 158,000 135,000 331,058 277,000 189,000 134,000 129,000 159,000 148,000 119,000 128,000 110,000 180,000 120,000 225,000 63017 63126 63034 63074 63131 63129 63117 63042 63131 63074 63011 63021 63121 63141 63114 63144 63144 63128 63044 63129 63011 63011 63033 63128 63141 63033 63136 63074 63143 63131 63043 63025 63031 63031 63033 63017 63119 63033 Location Hwy. 40 and Clarkson Road Watson Road and Sappington Road Lindbergh Blvd. and Old Jamestown Road Lindbergh Blvd. and St. Charles Rock Road Lindbergh Blvd. and Clayton Road Lindbergh Blvd. at Lemay Ferry Rd. Brentwood Blvd. at Highway 40 St. Louis Mills Blvd and Highway 370 I-270 and Manchester Road 10634 St. Charles Rock Road Manchester Road and Vlassis Dr., NW corner South side of Manchester Rd. at Ries Rd. 8907-9009 Natural Bridge Road 12756 Olive Boulevard 9715 St. Charles Rock Road West side of Brentwood Blvd. south of Hwy. 40 South side of Eager Rd. west of Hanley Rd. I-55 and Butler Hill Road 12301 Natural Bridge Road Lemay Ferry and Forder Roads, west corner Manchester Road and Vlassis Dr., NE corner Clayton Road at Clarkson Road I-270 and W. Florissant Road Baptist Church Road and Lindbergh Blvd., SW corner Ballas Road and Olive Street Road New Halls Ferry Road and No. Hwy. 67 South of I-270 at New and Old Halls Ferry Roads 10919 St. Charles Rock Road 3200 Laclede Station Road Manchester Road and I-270 Dorsett Road and McKelvey Road North side of I-44 east of Allenton exit N. Lindbergh Blvd. and Washington St. N. Lindbergh Blvd. and St. Denis St. N. Lindbergh and New Halls Ferry Road Olive Blvd. and Woods Mill Road 8400 Watson Road and Cheshire Lane I-270 and Washington Ave. 26 Major Shopping Centers, continued Shopping Center (including only Sq. Ft. Bldg. those over 100,000 sq. ft.) Area Grasso Plaza 100,000 Gravois Bluffs 1,000,000 Heritage Place 253,000 Hillside Village 119,000 Hilltop Plaza 325,000 Keller Plaza 133,000 Kenrick Plaza 265,000 K-Mart Shopping Center 123,000 Lafayette Center 124,000 Lamp and Lantern Village 148,000 Landmark Plaza 116,000 Lemay Plaza 159,000 Lewis and Clark Center 126,000 Lindbergh Plaza 184,000 Mackenzie Point 240,000 Manchester Meadows 455,000 Marshall's Plaza 109,000 North County Festival 392,000 North Oaks 153,000 Oakville Center 134,000 Orchard Bend 119,000 Overland Plaza 272,000 Paddock Hills 138,000 Plaza at Sunset Hills 307,000 Plaza on the Boulevard 400,000 Promenade at Brentwood 300,000 Ronnie's Plaza 148,000 Schnucks Wildwood Crossing Schnucks Ladue Crossing South Lakeview Plaza Southfield Plaza Telegraph Plaza Venture Plaza Village Square Warson Woods Center Watson Plaza West Oak Square Westport Plaza Yorkshire Village 108,000 135,000 157,000 113,000 141,000 176,000 223,000 128,000 118,000 144,000 163,000 130,000 Zip Code 63123 63026 63141 63119 63044 63129 63119 63033 63011 63017 63031 63125 63136 63125 63119 63011 63125 63136 63121 63129 63044 63114 63033 63127 63136 63144 63126 63038 63124 63129 63123 63129 63125 63042 63122 63126 63141 63146 63119 Location Gravois Road and Rock Hill Road South of Gravois Rd. Olive Blvd. and Ross Road SE corner of Watson and Grant Roads 12000 St. Charles Rock Road Lemay Ferry and Mehl Roads 7435 Watson Road 10041 Lewis and Clark Blvd. Manchester Road at Baxter Road Clayton Road at Woods Mill Road Mullanphy and Shackelford Roads 2516 Lemay Ferry Road Lewis and Clark Blvd. at Chambers Road Lindbergh Blvd., east of Lemay Ferry Road Watson and Mackenzie Roads Manchester Road west of Mason Road I-55 and Lindbergh Blvd. West Florissant south of I-270 Natural Bridge and Lucas-Hunt Roads Telegraph and Baumgartner Roads St. Charles Rock Road east of McKelvey Road Page Blvd. and Woodson Road Highway 67 and N. Waterford Drive Watson Road at Lindbergh Blvd. Lucas and Hunt and West Florissant Eager Road at I-170 Lindbergh Blvd. and Baptist Church Road, NW corner 16500 block of Manchester west of Hwy. 100 Ladue Road at I-170 Lemay Ferry and Forder Roads, south corner Tesson Ferry Road and Lindbergh Blvd. Telegraph Road south of Cliff Cave Road Lindbergh Blvd. and Lemay Ferry Road, north corner Lindbergh Blvd. at I-270 9900 block of Manchester Road 9811 Watson Road Olive Blvd. and Craig Road I-270 and Page Blvd. Watson and Laclede Station Roads Sources: St. Louis County Departments of Planning and Revenue, 2006. 27 Major Regional Shopping Centers St. Louis County, Missouri PELIC AN IS LAND h Major Shopping Centers SL NI D AN RI VE R YA BR JAMESTOWN MALL CORA ISLAND h q U ( k & % R VE RI MISS OUR I h $ f " ! ( k & % ST LOUIS MILLS ´ I Ch St. u Co es arl nt y Lambert St. Louis International Airport ( h & % Chambers Rd Hu nt Rd Page A ve BON H JOHN MI SS OU RI L WE HO Wood s Mil D AN SL LI Spirit of St. Louis Airport l Rd RIVER SON IS LAND OMM E ISL AND y " I ! $ e US-40 Olive Blvd St. Ch arl es Ro ck Rd Lu cas I-7 0 $ f " ! RIVER Cla rks on CHESTERFIELD MALL h Cla Rd yton y " I ! $ e WEST COUNTY CENTER 4 141 wy Hw PLAZA Ladue Rd ( h & % FRONTENAC City of St. Louis Franklin County ¥ U Hwy 109 h y Hw 30 RIVER d on R Wats d ois R Grav I-5 5 ARSENAL ISLAND MERAMEC R VE RI $ b " ! CRESTWOOD MALL L indbe rgh B lv d $ b " ! MERAMEC ( k & % $ c " ! ay m Le rry Fe Rd Jefferson County SOUTH COUNTY CENTER A ME C MER h ( j & % Telegraph Rd ER RIV ® 0 2 4 Miles M IS SI SS IP PI RIVE R Monro e Cou nty Prepared by St. Louis County Department of Planning March 2007 28 St. $ c " ! S S IS M S IS IP Cl PI ai rC ou nty Manchester Rd h E ME C EC RAM Lindbergh Blvd ST. LOUIS GALLERIA $ b " ! Misso u Illino ri is h h Rd y I $ e " ! Ma dis on ´ I MOSENTHEIN ISLAND & Co unt y NORTHWEST PLAZA h M PI SIP IS ISS CHOUTEAU ISLAND E ER RIV PE S DE RE R ER RIV Retail Sales for the St. Louis Metropolitan Area 25 20 Sales in $ Billions 15 10 5 0 St. Louis Co St. Louis City St. Charles Jefferson, Franklin, Lincoln, Warren and Washington 2003 2004 2005 Metro East Retail Sales for the St. Louis Metropolitan Area, 2003 - 2005 St. Louis County captures half of the region’s retail sales. St. Charles 9.0% Jefferson, Franklin, Lincoln, Warren and Washington 8.5% St. Louis Co 51.1% St. Louis City 9.0% Retail sales in the St. Louis Metropolitan Area totaled over 38 billion dollars in 2005 according to estimates by Sales and Marketing Management Magazine. Annual sales for the region grew 7.9 percent in 2005. St. Louis County, St. Louis City, St. Charles County and the Metro East Counties had growth between the years of 2004 and 2005, while Jefferson, Franklin, Lincoln, Warren and Washington Counties declined slightly. St. Louis County captured more than half of the regional sales in 2005. The City of St. Louis and St. Charles County came in even at 9 percent, while the eight Metro East counties - Clinton, Jersey, Madison, Monroe, St. Clair, Bond, Calhoun and Macoupin Counties – account for more than 22 percent of all regional sales. The Missouri counties of Franklin, Jefferson, Lincoln and Warren as a group had 8.5 percent of the sales. Metro East 22.4% 2005 Retail Sales Source: Sales and Marketing Management Magazine: Survey of Buying Power, 2003– 2005. 29 Trade and Transportation Employment and Average Wages in Trade and Transportation, 1995 – 2005 Industry Wholesale Trade Merchant wholesalers, durable goods Merchant wholesalers, nondurable goods Electronic markets, agents and brokers Retail Trade Motor vehicle and parts dealers Furniture and home furnishings stores Electronics and appliance stores Building material & garden supply stores Food and beverage stores Health and personal care stores Gasoline stations Clothing and clothing accessories stores Sporting goods, hobby, book, music stores General merchandise stores Miscellaneous store retailers Non-store retailers Employment % Change in 1995 2005 Employment 32,032 31,815 -1% 16,849 18,467 10% 8,872 7,840 -12% 6,311 5,508 -13% Average Wage($) % Change in 1995 2005 Avg. Wage 41,293 59,280 44% 41,589 57,742 39% 39,101 54,971 41% 43,586 70,569 62% 71,591 9,461 2,593 2,792 4,840 12,254 4,018 3,578 7,469 3,734 14,218 4,587 2,047 74,865 8,410 3,722 3,498 5,575 12,461 4,872 3,069 8,935 3,882 13,786 4,673 1,982 5% -11% 44% 25% 15% 2% 21% -14% 20% 4% -3% 2% -3% 18,464 32,031 23,101 25,625 22,333 15,843 18,790 15,474 12,029 12,285 13,912 14,621 26,223 24,449 44,492 27,221 29,491 30,179 22,696 29,052 19,823 15,701 15,584 17,244 17,816 38,596 32% 39% 18% 15% 35% 43% 55% 28% 31% 27% 24% 22% 47% 22,470 19,529 -13% 29,993 41,789 39% Transportation Air transportation 8,113 3,294 -59% 36,686 62,105 69% Water transportation 235 73 -69% 38,790 46,609 20% Truck transportation 4,975 6,156 24% 27,848 41,052 47% Transit and passenger transportation 953 1,294 36% 12,088 18,640 54% Support activities for transportation 2,013 2,352 17% 25,151 38,811 54% Couriers and messengers 4,269 3,975 -7% 25,516 35,067 37% Warehousing and storage 1,912 2,385 25% 30,106 42,183 40% Note: The data in this table is for all wage and salary workers covered by unemployment insurance who work in St. Louis County. Not included are self-employed workers, railroad, military, and some church employees. Employment is down in air transportation, up in trucking and retail trade St. Louis is a major national center of Transportation and Wholesale Trade because of its central location and the high quality of the local transportation infrastructure. Transportation provides many high-wage jobs, but employment has declined because of the reduction of operations by American Airlines. However, increases in trucking and transit employment partially offset these losses. Wholesale trade provides many high paying jobs to County and Metropolitan Area residents, and the industry group as a whole remained relatively stable. The Retail Trade industry is a large employer and has had some growth between 1995 and 2005. However, the large number of part-time jobs in this industry results in relatively low wage levels. Source: U.S. Department of Labor, Bureau of Labor Statistics, Quarterly Census of Employment and Wages. 30 Service and Finance Industry Groups Service and finance groups show strong growth The Service industry groups are the most rapidly growing sectors of the local economy. The Service industries include a wide variety of businesses and provide jobs in a variety of occupations, including managerial and professional positions. Employment and Average Wage for Service and Finance Industries – St. Louis County Industry Information Publishing industries Motion picture and sound recording Broadcasting, except Internet Telecommunications ISPs, search portals, data processing Financial Activities Credit intermediation Securities, commodity contracts Insurance carriers Real estate Rental and leasing services Professional and Business Services Professional and technical services Management of companies Administrative and support services Waste management services Education and Health (Private) Educational services Ambulatory health care services Hospitals Nursing and residential care facilities Social assistance Leisure and Hospitality Performing arts and spectator sports Museums, zoos, and parks Amusements, gambling, recreation Accommodation Food services and drinking places Employment % Change in 1995 2005 Employment 14,749 16,732 13% 3,513 3,761 7% 1,056 965 -9% 473 517 9% 6,742 7,272 8% 2,944 4,133 40% Average Wage($) % Change in 1995 2005 Avg. Wage 44,334 59,819 35% 40,901 62,545 53% 14,125 19,549 38% 33,321 50,387 51% 42,859 62,416 46% 64,605 63,647 -1% 39,073 11,896 2,651 14,358 6,784 3,079 96,671 36,698 24,052 34,287 1,634 70,778 15,223 20,120 19,738 11,009 4,689 54,967 1,364 219 6,434 6,513 40,437 43,711 12,706 3,891 14,403 8,438 3,981 104,927 41,232 26,579 35,860 1,256 91,779 20,470 26,363 24,462 12,369 8,114 60,706 1,221 253 8,760 4,887 45,586 12% 7% 47% 0% 24% 29% 9% 12% 11% 5% -23% 30% 34% 31% 24% 12% 73% 10% -10% 16% 36% -25% 13% 39,073 32,307 62,325 37,367 24,568 25,106 35,421 39,441 56,208 16,777 30,368 30,962 35,499 41,140 29,595 15,826 13,847 11,157 47,487 15,188 10,745 14,865 9,378 54,279 55,222 93,076 59,318 37,124 30,785 56,794 65,037 80,530 30,079 46,629 41,412 46,619 54,466 40,379 22,215 18,240 16,802 109,318 21,699 18,419 20,369 13,604 39% 71% 49% 59% 51% 23% 60% 65% 43% 79% 54% 34% 31% 32% 36% 40% 32% 51% 130% 43% 71% 37% 45% Note: The data in these tables include wage and salary workers covered by unemployment insurance. This does not include self-employed workers, railroad, military, and some church employees. These data pertain to people who work in St. Louis County. Source: U.S. Department of Labor, Bureau of Labor Statistics, Quarterly Census of Employment and Wages. 31 Manufacturing Industries Employment and Average Wage for Manufacturing Industries – St. Louis County Industry Food manufacturing Beverage and tobacco products Textile product mills Apparel manufacturing Wood products Paper manufacturing Printing and related activities Petroleum and coal products Chemical manufacturing Plastics and rubber products Nonmetallic mineral products Primary metal manufacturing Fabricated metal products Machinery manufacturing Computer and electronic products Electrical equipment and appliances Transportation equipment Furniture and related products Miscellaneous manufacturing Total Manufacturing Employment % Change in Average Wage($) % Change 1995 2005 Employment 1995 2005 in Avg. Wage 4,294 2,952 -31% 31,372 36,307 16% 1,006 674 -33% 28,014 35,703 27% 597 447 -25% 18,774 30,304 61% 249 212 -15% 21,755 20,586 -5% 462 173 -63% 21,386 35,434 66% 2,401 1,513 -37% 32,926 44,531 35% 6,242 4,194 -33% 35,919 46,308 29% 548 221 -60% 42,784 46,150 8% 4,601 4,623 0% 44,197 58,925 33% 4,502 2,922 -35% 27,859 42,944 54% 864 962 11% 34,617 44,628 29% 1,203 669 -44% 31,887 66,346 108% 4,291 2,905 -32% 33,174 43,729 32% 8,843 6,312 -29% 37,019 47,328 28% 3,777 2,000 -47% 33,995 68,711 102% 2,428 1,308 -46% 37,867 72,523 92% 28,277 23,878 -16% 55,036 79,099 44% 1,371 1,268 -8% 31,996 39,968 25% 3,784 2,913 -23% 33,276 46,432 40% 80,781 61,240 -24% 41,721 60,745 46% High wages, declining employment Manufacturing industries in St. Louis County have experienced significant employment decline over the last 15 years. The high levels of pay in Manufacturing make this industry one of fundamental importance. The largest and most important Manufacturing industry in St. Louis County is Transportation Equipment, which includes the Boeing military and spacecraft headquarters and production facilities, as well as the two Chrysler Auto assembly plants in Fenton. According to the 2002 Economic Census, St. Louis County produced 25 percent of the value of manufacturing product shipments and accounted for 29 percent of the manufacturing industry payroll for the State of Missouri. Note: This data uses the NAICS classification system, which replaced the SIC system used for many years. Government employment is mixed with private sector jobs by function. The data include all wage and salary workers covered by unemployment insurance. Not included are self-employed, railroad, military, and some church employees. These data pertain to people who work in St. Louis County rather than those who live in St. Louis County. Source: U.S. Department of Labor, Bureau of Labor Statistics, Quarterly Census of Employment and Wages. 32 Labor Force Labor force size affected by age trends The resident labor force of St. Louis County has fluctuated in response to the age structure of the population and economic conditions. Between 1995 and 2005, the labor force decreased from 564,236 to 551,421, a decrease of 2 percent. Labor force data is found both in the decennial census and in ongoing estimates produced by the Bureau of Labor Statistics (BLS). Census data provides much detail on labor force characteristics, but tends not to correspond with the BLS data, due to differing methods of data collection. The BLS data, while current, is prone to much variation due to small sample size. The 2000 Census found the gap between the unemployment rate among African-Americans in St. Louis County and the overall unemployment rate to have narrowed in the 1990s. St. Louis County’s unemployment rate of 8.9 percent among African-Americans in 2000 was 1.9 times the overall rate as compared with a 1990 rate of 11.1 percent for African-Americans, 2.5 times the overall rate. The unemployment rate for males in 2000 was slightly lower than for females, a reversal from the 1990 Census. The labor force participation rate was higher for African-Americans (67.8 percent) than for the population as a whole (67.0 percent), probably 560 550 Thousands 6% 5% 4% 3% 2% 1% 0% 540 530 520 510 500 96 97 98 99 00 01 02 03 04 05 Employed Unemployment Rate St. Louis County Labor Force 1996-2005 because of the younger age profile of AfricanAmericans in St. Louis County. Nationally, the labor force participation rate of AfricanAmericans was only 60.2 percent Variations in the size of different age groups will have a dramatic effect on the size of the labor force in years to come. The large baby boom generation will begin to reach retirement age in 2010. However, the peak years of baby boomers will not reach retirement age till the 2020-2030 decade. However, the large echo boom of children of the baby boom peak will begin to enter the labor market in large numbers during 2010-2015. Labor Force Data with Race and Gender, St. Louis County, 1990 - 2000 Unemployment Rate African-American Males African-American Females Total African-American Population Total Males Total Females Total Population 1990 12.2% 10.2% 11.1% 4.7% 4.3% 4.5% 2000 10.8% 8.2% 8.9% 4.5% 4.7% 4.6% Labor Force Participation Rate* 1990 2000 76.2% 68.3% 72.2% 67.4% 74.9% 67.8% 78.1% 60.5% 68.7% 74.3% 60.8% 67.0% *Refers to the percentage of the population in the labor force, i.e., employed or looking for work. Those not in the labor force include students, those taking care of home or family, retired persons, seasonal workers enumerated in an off season and not looking for work, and institutionalized persons. Sources: U.S. Census, 2000; U.S. Bureau of Labor Statistics. 33 Personal Income and Self-Employed Workers $50 $45 $40 $35 $30 $25 $20 $15 $10 $5 $0 1995 Earnings 1997 1999 2001 2003 2005 covered by unemployment insurance, much smaller than the 788,119 total employment figure. The BLS figures are more commonly used because they are more closely correlated with the widely used national payroll data series, and are provided with a seven month lag at the county level, while the BEA figures lag sixteen months, being compiled from information found in income tax returns. Self-employed workers Self-employed workers or proprietors grew in number and percentage within the labor force between 1995 and 2005. Their increase from 80,245 in 1995 to 110,883 in 2005 amounted to a 38 percent increase. As a percent of the labor force they comprised 11.2 percent in 1995 and 14.0 percent in 2005. Self-employed workers are the most common in the finance and service industries. The significant gains in selfemployment reflect trends toward starting one’s own business as well as increased use of temporary or contract employees, who are classified as self-employed. Investment Transfer payments Sources of Personal Income for St. Louis County Residents 1995-2005 (in billion $) Personal income Total personal income for St. Louis County residents increased to $46.3 billion in 2005, up from $31.6 billion in 1995, as measured by the U.S. Bureau of Economic Analysis (BEA). Per Capita Personal Income increased from $31,171 to $46,207 during this time period, with the County leading the State of Missouri in both total and per capita income. The three major components of income depicted in the chart above changed little in their share of total income between 1995 and 2005. Total employment Total Employment in St. Louis County, including both self-employed workers and payroll employees, increased from 714,633 in 1995 to 788,119 in 2005. The widely used employment figures produced by the Bureau of Labor Statistics (BLS) tend to be lower, because they omit selfemployed workers and employees not covered by unemployment insurance. In 1995, the BLS showed a total of 617,067 payroll employees Source: U.S. Bureau of Economic Analysis. 120,000 100,000 80,000 60,000 40,000 20,000 0 1995 1997 1999 2001 2003 2005 No. Self Employed 16% 14% 12% 10% 8% 6% 4% 2% 0% Percent Self-Employed Self-Employed Workers in St. Louis County, 1995-2005 34 Major Employers and Cost of Living Data Major Employers in St. Louis County Company BJC HealthCare Boeing Integrated Defense Systems Washington University in St. Louis SSM Health Care Schnuck Markets, Inc. St. John’s Mercy Health Care McDonald’s United States Postal Service Daimler Chrysler Assembly Plants Special School District Dierbergs Markets Edward Jones Conagra Packaged Foods Tyco Healthcare/Mallinckrodt St. Louis County Government Source: St. Louis Business Journal, Book of Lists – 2006. Persons Employed in St. Louis Region 21,814 16,259 12,505 11,905 10,700 8,699 8,000 7,916 5,950 5,411 5,000 4,219 4,200 4,100 4,063 Comparative Cost of Living in St. Louis and Other Metropolitan Areas Metropolitan Area New York (Manhattan), NY San Francisco, CA Los Angeles San Diego Washington Boston Philadelphia Baltimore Seattle Riverside Miami Chicago Phoenix Tampa Atlanta St. Louis, MO-IL Dallas Houston Cost of Living Index, Second Quarter 2006 204.7 169.4 156.1 142.8 140.9 136.4 125.1 119.5 115.3 114.8 114.4 114.2 100.4 98.8 97.7 96.9 94.4 88.1 Note: The American Chamber of Commerce Researchers Association (ACCRA) Cost of Living Index measures relative price levels for consumer goods and services in metropolitan and non-metropolitan areas. The average for all participating places is 100. The Cost of Living Index should not be confused with the Consumer Price Index (CPI), which measures inflation rates over time. Source: American Chamber of Commerce Researchers Association (ACCRA) Cost of Living Index. 35 State and Metro Assessed Value St. Louis County has a quarter Missouri’s property assessed value. of The total assessed value of St. Louis County’s real property and personal property amounted to 25.0 percent of the assessed value for the State of Missouri in 2006 and was over twice as much as that of Jackson County, the State’s next largest county. St. Louis County’s assessed value is 57.4 percent of the assessed value of the eight counties in the Missouri portion of the St. Louis Metropolitan Statistical Area (MSA). Assessed Value for Largest Missouri Counties Largest Missouri Counties in Order by Population Size St. Louis County Jackson (Kansas City) St. Louis City* St. Charles Greene (Springfield) Clay (Kansas City area) Jefferson Boone (Columbia) Jasper (Joplin) State of Missouri Assessed Valuation, 2006 ($1,000’s) 21,332,999 9,359,732 3,930,719 6,609,550 3,717,844 3,619,609 2,543,929 2,098,502 1,374,233 85,214,602 % of State Assessed Valuation, 2006 25.0% 11.0% 4.6% 7.8% 4.4% 4.2% 3.0% 2.5% 1.6% 100.0% *The City of St. Louis is an independent city with county functions. Assessed Value for Missouri Counties of the St. Louis MSA County St. Louis County St. Charles St. Louis City* Jefferson Franklin Lincoln Warren Washington St. Louis MSA – Missouri Portion Assessed Valuation, 2006 ($1,000’s) 21,332,999 6,609,550 3,930,719 2,543,929 1,585,777 558,364 445,715 189,175 37,196,228 % of MSA, Missouri Portion, Assessed Valuation, 2006 57.4% 17.8% 10.6% 6.8% 4.3% 1.5% 1.2% .5% 100.0% *The City of St. Louis is an independent city with county functions. Source: Missouri State Tax Commission Annual Report – 2006. 36
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