Whether it is the latest mass layoff notice or foreclosure activity data, the daily economic news seems to be hurting more people across the St. Louis region than in other areas of Missouri.
Out of five mass layoff notices filed in the state so far this month, nearly half of all the workers who now need new jobs are from the St. Louis area.
Coventry Health Care Inc. plans to layoff 85 in Chesterfield, according to a Worker Adjustment and Retraining Notification filing. The WARN Act requires employers to give a 60-day notice in advance of plant closings and mass layoffs.
Last week, Sears Holding Corp. filed a notice to layoff 102 at its department store in Crestwood.
Out of plans to layoff 376 workers statewide, 187 jobs are being eliminated in the St. Louis region.
It is not just St. Louis, however.
The job market has weakened statewide.
As Missouri Journal has reported, Missouri ranked as the state with the highest, statistically significant, month-over-month drop in employment, losing 11,800 jobs during December.
Plus, the state needs to gain 161,000 jobs to get back to the pre-recession employment level.
Nonfarm payrolls have dropped in Missouri during five of the last six months, finishing the year 0.1 percent below year-ago levels, according to a research report by BMO Capital Markets Economics.
Foreclosure activity increases
The percentage of foreclosure filings also increased faster in Missouri than the national average.
Foreclosure activity — including default notices, scheduled auctions and bank repossessions – increased 13.6 percent during January, according to new research released by RealtyTrac Inc.
Nationally, foreclosure activity increased 3 percent last month compared to December.
Once again, the St. Louis region was hit the hardest.
St. Louis County had the highest number of new foreclosures in the state at 669.
The city of St. Louis had 282, St. Charles County had 206, and Jefferson County had 134.
How did the St. Louis region compare to other areas across Missouri?
Visit Missouri Journal for an online interactive map of statewide foreclosure activity.
By Brian R. Hook, brhook@missourijournal.com, (314) 482-7944
Hook is editor of Missouri Journal, which tracks the economy across the state.
KSadie
7:44 am on Saturday, February 18, 2012
How depressing. We have to get President Obama out of office and replace him with someone who understands capitalism.
RDBet
12:11 am on Sunday, February 19, 2012
How depressing, the zealot political commentors are discovering the Patch.
Al Mount
11:07 am on Sunday, February 19, 2012
If you love high gas prices, just vote Obama in for another 4 years.
Holston Black Jr.
10:19 am on Monday, February 27, 2012
Evidently you don't understand what drives gas prices!!, If you did you would realize that the Obama administration does not drive the worldwide markets. If whatever republcan novice gets in it will still continue as is.
Mark Wilson
11:55 am on Sunday, February 19, 2012
Gas prices are controlled by the global economy and OPEC. Last I checked neither of those things were in the White House.
Holston Black Jr.
10:22 am on Monday, February 27, 2012
Mark, I couldn't have said it better myself ( I made my comment before I read yours).
Reginald Roberts
12:09 pm on Saturday, March 10, 2012
true enough the global economy and OPEC control gas prices. But it is the dollar bill that is the worlds currency that regulates the global economy and currently the only form of currency accepted by OPEC. if u want the price of gas to go down then we need to abolish the federal reserve which will help stop the deterioration of America's currency which in return will lower gas prices. the increase of inflation is being projected thru the increase of price.
Al Mount
12:31 pm on Sunday, February 19, 2012
Any President that gave a hoot about the American People..
Would have jumped at the Canadian Pipeline.
He and his green loonies hate anything oil related.
And the sad part is the poor people he tries to sucker into
voting for him will be the ones impacted the most.
Mark Wilson
5:16 pm on Sunday, February 19, 2012
I strongly recommend reading the Cornell University study of the Keystone XL. Gas prices would actually rise as a result of the pipeline, as the current endpoint to the pipeline is in Cushing, OK. The excess oil stays there and plays a large part in the relatively low gas prices seen throughout the midwest. Were the pipeline to be built (through a major aquifer, I might add), it would instead end in Houston/Port Arthur, TX, where it would most likely be sold, lowering supply and increasing demand and gas prices. Simple economics. Glad to see big oil's won you over though.
Christiane Carlsson
1:25 pm on Sunday, February 19, 2012
Germany is getting more than 20% of its energy from renewable energies. They have high gas prices and a much lower poverty rate than the US. Their investment in green energy has created many jobs. I have to assume that Angela Merkel and her conservative fellow Christian Democrats are all loonies, also, in your book.
KSadie
1:50 pm on Sunday, February 19, 2012
Well I guess President Obama didn't ask Angela Merkel how to make a good investment in green energy since there has been more than one solar energy company go bankrupt under his watch. He doesn't have our best interest in mind when he makes most decisions.
Christiane Carlsson
2:25 pm on Sunday, February 19, 2012
Sure. We can all learn from each other. Even American presidents.
Holston Black Jr.
10:29 am on Monday, February 27, 2012
This world would be a far different place (considered FLAT and on and on) if someone didn't have vision. Wake up we have to take reasonable chances.
KSadie
3:21 pm on Sunday, February 19, 2012
I agree but it is sad the American economy is not thriving when while he learns on the job.
Holston Black Jr.
10:41 am on Monday, February 27, 2012
I guess those trying to run against him, KNOW everything. I guess moon colonizing and letting General Motors and
I guess the candidates running against him KNOW. moon colonies, letting GM and Chrysler go bankrupt, staying in Iraq, and invading Iran for starters, are the answers to solve all of our problems. You seem to be smarter than I, tell me where did they garner all of this knowledge that they don't have to learn on the job??
chrysler go bankrupt are the answers.
Reginald Roberts
12:13 pm on Saturday, March 10, 2012
i dont care who u r or what "party" u represent. man/woman it doesnt matter. if we dont get rid of the FEDS america's economy will never get better.
RDBet
5:35 pm on Sunday, February 19, 2012
Oh grand- the political commenters have discovered the patch as a new place to dump their partisan anonymous rantings.
Al Mount
6:34 am on Monday, February 20, 2012
That ole 1st Amendment can be a real pain,
when it's your Ox or Prez. getting gored.... huh ?
KSadie
6:58 am on Monday, February 20, 2012
I'm not a political commentator. I am an American who loves this country and hates to see it disassembled by a man who was unqualified to be president. Your comment regarding me is an attempt to degrade me but frankly, it is quite enlightening to the challenges conservative thinking folks must deal with to help restore dignity to the office of president. And yes, I will continue to "dump" as I see fit. Have a great day!
RDBet
1:18 pm on Monday, February 20, 2012
Your neighbors don't care about political nonsense and fear-mongering. What's your favorite mid-county hamburger?
Christiane Carlsson
3:03 pm on Monday, February 20, 2012
'... help restore dignity to the office of president'? What does your disapproval of the present administration's approach to fixing the economy have to do with the 'dignity of the office'? Obama just happens to be the president that you most likely didn't vote for making decisions that you don't agree with. When you throw in phrases like ' was unqualified to be president' and 'dignity to the office of president' or' green loonies' (Al Mount) it really is just pointless ranting. The American economy was in terrible shape at the end of the last administration. It will take a while to get it back on its feet. Here in Missouri and everywhere else. There are fellow Americans that think we should not jump on the same cart that drove us into the mess we are in. And there are people that want to continue on the same path. Neither approach has anything to do with 'dignity' or lack of of the presidential office or someone's 'qualifications' to be president.
James Mense
9:52 am on Monday, February 20, 2012
It's hard to argue with the view that our current president is "unqualified." Not when the previous president had such a stellar resume: his companies that went belly-up, his oh-so-gentlemanly C's, his command of the English language. George Bush started two wars. Two! Obama can barely finish one. And that one Bush had to start for him. Pathetic!
Christine Stewart Mehigh
11:28 am on Monday, February 20, 2012
Obama was surely much more qualified to get Bin Laden than Bush. He has also accomplished quite a lot in office: http://simplifythepositive.blogspot.com/2010/03/100-accomplishments-of-president-barack.html. To say that he is "unqualified" implies that others are more so, yet taking a look at the Republican presidential candidates I would beg to differ.
James Mense
4:23 pm on Monday, February 20, 2012
Christine, we are in agreement.
Eileen Tyrrell
1:51 pm on Monday, February 20, 2012
To all:
This discussion is focusing on Obama as though he could do something about what is currently going on in St. Louis County. May I suggest we turn our attention to Jefferson City AND your local municipalities and political subdivisions i.e school districts. 1. There is something to be said about State's Rights. Get informed and find out what is going on in our state capitol regarding economic policies and legislations. 2. Attend your local school board meetings and see where your tax dollars are being spent.
In addition; while St. Louis County is taking a serious hit in the job market, our school districts now feeling what most taxpyers have felt since 2008. While our housing values are the pits; private sector salaries have not increased with inflation and health benefits are more costly; we are being asked to give more funds to our school districts.
Rockwood is asking us to extend OUR DEBT, via construction bond issues, on April 3rd; AND district officials have stated "it is not a matter of IF, but WHEN we asked the voters for an operating fund tax increase!!
THE LOCAL SCHOOL BOARD has more power to RAISE YOUR TAXES than any President in the White House.
We can't change Washington until we change our own backyards!!
Elizabeth
2:22 pm on Monday, February 20, 2012
Quite right! Expecting our federal government to fix our problems at the local level is what has gotten us into this mess to begin with.
RDBet
2:01 pm on Monday, February 20, 2012
Patch -new poll idea - best place for Tea in St. Louis
Deedis Dunn
10:47 pm on Monday, February 20, 2012
Nobody is going to clean the poop out of our own backyard. Get local, get accountable.
Eileen Tyrrell
2:55 pm on Wednesday, February 29, 2012
Deedis: Well said!
Ripped
8:19 am on Wednesday, February 29, 2012
Ron Paul 2012.
Ripped
8:23 am on Wednesday, February 29, 2012
When 0bama campaigned for the POTUS he claimed he would fix the problems, the bottom line is he has failed miserably, no amount of blame on those who came before him can excuse his failure as a leader. It's the economy stupid and this President doesn't have a clue.
NEXT!
Mark Wilson
2:35 pm on Wednesday, February 29, 2012
How many modern (emphasis on modern, as in, in existence right now) societies function like Ron Paul's vision for America? He's an idealist. Some aspects of libertarianism make sense, but strict libertarianism simply cannot function in the world today.
stacey
8:49 am on Monday, March 5, 2012
Vote Ross Perot!!!! LOL, I agree a little with everyone, and am experiencing both of the issues in this article throughout my family :(. I had no clue companies were supposed to give 60 day notice, and i'm wondering if that's a legal issue or no? A close family member of mine is watching his company of 20yrs lay-off people he works with left and right with the rumors of the entire company going overseas. This people were not given 60 day notices and the rest of them left working are nervouse every day of their lives! The man I'm speaking of is the only one working/saving at home, and can retire in 5 yrs or so. Since this has happened his blood pressure has been uncontrollable, and has had to start meds to keep it somewhat normal. He no longer enjoys life, and lives in constant fear. The reality to him is that when it's his turn to go...who is going to hire him? Even though he isn't rich by any means he lives within his means, and where will he find an oppurtunity to do that again, being the age he is? My whole point is agree with everyone who has an opinion, because everyone, unfortunatley knows someone or of someone going through a lay off or foreclosure, and it's heartbreaking. But if companies gave 60 days heads up it would lighten the load of people such as the man im speaking of, who could possibly have a heart attack "waiting" to hear his name be called. SHould be illegal not to give 60 days notice.
Brian R. Hook
9:42 am on Monday, March 5, 2012
It is a federal law, but with plenty of loopholes.
Here is a link to a fact sheet from the U.S. Department of Labor.
http://www.doleta.gov/programs/factsht/warn.htm
Feel free to contact me directly for more details on the specific company. - BRH