Metro St. Louis' unemployment rate ticked up to 5 percent in September as strong job growth didn't keep up with an increase in the number of people looking for work.

The rate, as seasonally adjusted by the St. Louis Federal Reserve Bank, rose from 4.9 percent in August and is identical to the nation's 5.0 percent unemployment reading for September.

The Bureau of Labor Statistics says 36,232 people entered the metro area labor force between September 2015 and September 2015. That's a growth rate of 2.5 percent, and may indicate that more people are looking for jobs because they're more optimistic about finding one.

 

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The number of St. Louis area residents who are counted as unemployed rose by 5,544, or 1.1 percent, in the latest 12 months.

The unemployment rate is based on a survey of households. A separate survey of employers shows St. Louis adding 14,600 jobs in September, although that number may be revised downward.

St. Louis' unemployment rate fell to a 15-year low of 4.5 percent in May. It peaked at 10.4 percent in late 2009.

 

David Nicklaus • 314-340-8213

@dnickbiz on Twitter

dnicklaus@post-dispatch.com

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