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Job Growth RateSt. Louis

Job Growth

WHY WE'RE WATCHING

Job growth rates are a useful measure of regional economic health, offering insight into labor market dynamics, demand for goods and services, and guiding long-term planning for infrastructure, education, and workforce development.

According to the 2025 Regional Competitiveness Report, St. Louis ranks third among comparison communities with a job growth rate of 2.34%. Tampa Bay, by contrast, ranks ninth at 1.75%, while the U.S. average is slightly lower at 1.59%.

Over the past several years, Tampa Bay’s job growth has shown a steady decline, moving from 4.84% in 2023 to 3.77% in 2024 and down to 1.75% in 2025. This trend is consistent with the national picture, where job growth contracted from 4.17% in 2023 to 2.41% in 2024 and then to 1.59% in 2025.

St. Louis, however, experienced a different pattern. After registering 2.18% in 2023, its growth dipped to 1.58% in 2024, placing it nineteenth, before rising again to 2.34% in 2025.

HOW THEY DID IT

The positive momentum can be partially attributed to efforts of the Greater St. Louis, Inc., which was formed in 2021 when five disparate business-focused organizations—Civic Progress, the Regional Chamber, Alliance STL, the Downtown Group, and Arch to Park—were merged into a single entity.

This unification took place in just six months and was spurred by a collective sense of urgency stemming from long-time stagnation in the region’s growth and civic leadership.

Much of the merger’s success was attributed to strong business leadership, such as that of Andy Taylor (Enterprise Mobility), and the readiness to seize opportunities that arose during crisis conditions, demonstrating the value of cohesive public-private partnerships.

THE FULL STORY

Under a more unified structure, Greater St. Louis, Inc. launched the 2030 Jobs Plan, prioritizing growth and the removal of barriers to opportunity. The  STL 2030 Jobs Plan, designed as a living document, outlines five practical strategies to advance regional growth, while also highlighting priority industry clusters and emerging sectors poised for development.

Now, halfway through the timeline for the plan, the region has moved to 16th in national metro-area growth rankings, with recent data highlighting that it is the 7th-best U.S. metro for job growth.

High-profile projects like Boeing’s Strike Fire expansion and the $2B National Geospatial-Intelligence Agency (NGA) campus have catalyzed job creation and attracted further investment.

Additionally, Washington University’s major neuroscience research center underscores the region’s emphasis on R&D and innovation.

St. Louis’s appeal stemmed from more than just incentive packages, which tend to serve as a final tipping point rather than the core decision driver. Instead, the region leveraged its existing assets – its talent pool and universities – and worked to realize untapped potential, with the broad promise that organizations would be part of transforming the community.

Ongoing investments in infrastructure, such as the $3B airport redevelopment and increased international flight options, aim to boost global connectivity. Public safety, particularly in downtown areas, emerged as another success story; homicide rates have dipped to their lowest in a decade, attributed to collaborative efforts among business leaders, law enforcement, and community groups.

Jason stressed that business leaders must engage in politics and community problem-solving beyond mere economic development.

Public-private partnerships, in particular, have proven critical for addressing issues like urban core revitalization and workforce development. Leaders in St. Louis realized that if they did not refocus and revitalize key neighborhoods and industries, the region risked further decline.

By “anchoring in the moment” and leveraging crisis to spark change, Greater St. Louis, Inc. exemplifies how an organized, collaborative approach can help metropolitan areas navigate rapidly changing economic landscapes and achieve long-term growth.