Trendsights Newsletter
| Missouri STEM Top Openings Missouri’s Science, Technology, Engineering, and Math (STEM) occupations are projected to have nearly 15,800 total openings each year through 2028. Total openings are a combination of growth openings, exit openings, and transfer openings. Growth openings occur as a business expands and needs more workers. Exit openings happen as people leave the workforce. Transfer openings are when a person transfers from one occupation to another. All but two of the top 20 STEM occupations have Career Grades are a B or higher, which means these occupations have above average growth, total openings, and/or wages and would offer good opportunities to those seeking career opportunities. |
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| Census Monthly State Retail Sales Tool Now Available Census has released an experimental data product featuring modeled state-level retail sales. The Monthly State Retail Sales (MSRS) report is a blended data product combining Monthly Retail Trade Survey data, administrative data, and third-party data. Data available includes year-over-year percent changes for Total Retail Sales excluding Non-store Retailers as well as 11 North American Industry Classification System (NAICS) retail subsectors. Click on the above link to access this new tool. |
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| Missouri Career Grades Summary Using a combination of projected total job openings, projected percent growth and average wages, Career Grades are a tool to help make comparisons between occupations. Each occupation is assigned a letter grade from A+ to F based on outlook over the next decade. Grades are based on a combination of projected total job openings, projected percent growth, and average wages. Occupations with a grade of A or A+ have above average results in at least two of the three variables, while occupations with a grade of B or B+ have above average results in at least one of the three variables. Missouri is projected to have more than 370,000 annual job openings through 2028. The vast majority (95%) of these openings are in A, B, and C grade occupations. |
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| Missouri’s Business Index Highest in Region Missouri’s Purchasing Managers’ Index (PMI) for September was 74.4, the highest index in the Midwest and an increase of 11.4 points from August. In April of this year, COVID-19 pushed the overall index to its lowest level in 11 years. Since April, the overall index has risen five consecutive months with four straight months above neutral, which is 50.0. A score greater than 50 indicates an expansionary economy, while a score below 50 forecasts a sluggish economy. |
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| Research for Recovery The COVID-19 pandemic created an unprecedented shock to the economy, impacting the workforce and companies across sectors. The Research for Recovery webpage from the Missouri Economic Research and Information Center contains new and relevant research created to assist with economic recovery, along with links to quickly navigate to other relevant resources. Click on the above link to see September occupations and industries (Excel files) with the most job postings during the month. |
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| Exceed-Regional Economic and Entrepreneurial Development Exceed, a program of the University of Missouri Extension Center, enhances economic development opportunities by providing high-quality research and insights to businesses, communities, regions, governments, and nonprofits through a variety of projects. Click on the above link to access more information about their programs and team. |
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| Missouri Kids Count Data Book The 2020 Annie E. Casey Foundation KIDS COUNT Data Book is here! View this book to discover data about the well-being of children and families throughout Missouri. |
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| Location One Location One (LOIS) has grown from serving the needs of a small group of local economic development professionals to serving as the primary selection data base for Missouri and the United States. LOIS offers buildings and sites ready to build or occupy along with Demographic, Market, Housing and many more reports on the communities surrounding the building sites. Click on the above link to access LOIS. |
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| MERIC Releases Long-Term State and Regional Occupational Summaries Did you know that Missouri is projected to have more than 370,000 total job openings each year through 2028? Total openings are comprised of growth openings, exit openings, and transfer openings. Of the top 20 occupations with the most total openings statewide, five are in the Office and Administrative Support major occupation group. Click on the above link to see the state and regional top openings. |
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| MERIC Releases State and Regional Long-term Industry Projections Industry projections are used to understand future employment and workforce needs. Missouri, as well as the other states, uses a process prescribed by the Bureau of Labor Statistics for the projections. Historic industry employment trends and other factors are analyzed to produce industry projections. The industry projections are combined with staffing patterns from the Occupational Employment Statistics (OES) program to estimate occupational employment projections. Employment projections provide the total number of job openings in three categories, growth, transfer, and exit, that are expected to occur over the projection period. |
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| Workforce Needs Assessment: Missouri’s Food, Agriculture and Forestry Industries Over the next decade, Missouri’s food, agriculture and forestry industries are projected to generate 13,000 job openings each year. Deliberate statewide planning and action will ensure a globally competitive workforce for employers in these industries that are foundational to Missouri’s economy. A study published in July by University of Missouri Extension charts a way forward to address challenges these industries face over the next decade and address their long-term workforce development needs. |
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| Census Bureau Launches Phase 2 Small Business Pulse Survey The U.S. Census Bureau pioneered a new weekly survey in May 2020 to take the pulse of how America’s small businesses were faring in the midst of the coronavirus pandemic. Over 215,000 businesses responded from across the country providing new insights into the pandemic. Census has just launched Phase 2 and plans to report new data every Thursday to the public. To access the survey click here: portal.census.gov/pulse/data/. |
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| Missouri Data Center: Missouri County Fact Sheet Missouri Data Center has recently released their Missouri County Fact Sheet. This application generates a report for any county in Missouri, including population trends, age and race, income, employment, agriculture, households and housing, poverty, education, and children and families. |
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| 2019 Missouri Gross Domestic Product Gross Domestic Product by State (GSP) measures the value-added from industries in a state. According to estimates from the U.S. Bureau of Economic Analysis, Missouri ranked 25th nationally in GSP at $290.9 billion in inflation-adjusted dollars, a 2.1 percent increase from 2018 to 2019. Nationally inflation-adjusted Gross Domestic Product (GDP) increased 2.3 percent over the same period. |
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| Missouri Fortune 500 Companies Fortune Magazine recently released its 2020 Fortune 500 rankings. Ten Missouri-based companies were included in this year’s Fortune 500 list. Centene maintained the highest ranking for Missouri among Fortune 500 companies, up to 42 from 51 last year, with revenues of $74.6 billion. Seven of the 10 Missouri companies experienced rank increases from the previous year. |
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| Building Local Prosperity Building Local Prosperity (BLP) is a participatory community economic development planning and engagement process designed specifically for communities, counties and/or regions. BLP is designed to foster greater understanding of what drives the local economy, factors that influence economic growth, analysis of key economic indicators, identification of community assets, challenges and barriers, development of strategies, and writing a strategic plan, as well as implementation support. Click on the link above to access information on this program. |
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| C2ER Webinar: Intro Labor Market Analysis C2ER is offering an introduction to labor market information (LMI) and basic analytical methods that support state and regional workforce development strategies. Through engaging discussions and hands-on exercises, participants will gain exposure to various workforce, demographic, and economic data sources. . |
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| Metro Recovery Index Dashboard Updated monthly, indicators in the Metro Recovery Index dashboard track impacts and trajectories in three major categories: the labor market, the real estate market, and other areas of economic activity. Missouri metros include St. Louis, Kansas City and Springfield. Click on the above link to see how Missouri metros are recovering during this COVID-19 pandemic. |
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| Women's Role in the Missouri Workforce The Women’s Role in the Missouri Workforce report dives into women’s participation in the workforce. In Missouri, there are large regional differences in the type of industries that comprise job markets. Find participation statistics by county by clicking the link. |
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| Real Time Target Industry Labor Market: Construction The Construction industry showed more than 6,000 job postings in 2019 for top demand jobs. The top occupation was Construction Managers, making up 10.4 percent of total job postings for the industry during 2019. |
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| Target Industry: Agribusiness The Agribusiness Industry refers to food production, maintenance, storage, and support industries. Agribusiness represents 1.8 percent of total private sector employment, employing 43,389 workers across 1,933 establishments. |
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| Census: Accessing Your Neighborhood Data in a Few Clicks Accessing data for neighborhoods or service areas can be challenging, but there is a solution. Data.census.gov has a mapping feature to select different geographies by census tracts to find information on demographic, socioeconomic, and housing statistics. Click on the above link to learn more about how to use this tool and Census data. |
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| Missouri Non-employed Establishments In light of the recent job losses caused by COVID-19, many more Missourians may pursue self-employment as a means to create their own jobs or earn supplemental income. In 2018, Missouri had approximately 427,000 non-employer establishments. Click on the above link to learn more about self-employment businesses in Missouri. |
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| Council for Community and Economic Research Upcoming Webinars C2ER's webinar series connect economic development practitioners and labor market information analysts with timely information on trending topics, new resources, and best practices. |