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.
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.
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.
Hook is editor of Missouri Journal, which tracks the economy across the state.