Moving from recovery to expansion
Office-occupying employment is back to pre-recession levels
Office-occupying employment has posted annual gains for 23 consecutive
months. As a result, the four super sectors reached all-time highs earlier this
year. The gains are even stronger when excluding government employment,
gaining 13.6 percent from the January 2010 lows, compared to 6.2 percent. In
addition, non-farm payrolls gained 20,700 jobs from the previous year. This is the
second-highest 12-month increase in non-farm payrolls since 2005. The gains
have brought the local unemployment rate to 5.4 percent, the lowest level since
December 2007.
Full JLL report:
http://www.joneslanglasalle.com/MediaResources/AM/Email/St.%20Louis/STL-Office-Insight-Q4-2014-JLL.pdf
