- 32,105 more businesses
- 193,255 more employees
- 29.6% increase in total wages
- $7,639 in additional annual wages per employee
- 19.0% increase in wages per employee
Since 2009, the number of businesses in Missouri has grown by 19.6% (10.1% greater than the national average of 9.5%). Employment in Missouri has grown by 8.9% (5.5% less than the national average of 14.4%). Wages have grown by 19.0% since the end of the Great Recession. This wage growth is 3.5% less than the national average of 22.5%.
The average weekly wage in Missouri of $920 is 13.5% below the national average of $1,064. The gap between the national average has widened from 10.9% a widening of 2.6% since the end of the recession.
The Healthcare sector has the most businesses in the state of Missouri . Since the end of the recession, the number of businesses has grown from 13,919 to 46,762, a gain of 236.0%. The table below illustrates the change in number of businesses in each sector:
|Accommodation and food services||12,576||11,881||5.8%|
|Finance and insurance||11,314||10,852||4.3%|
|Real estate and rental||6,348||6,284||1.0%|
|Transport and warehousing||5,499||5,314||3.5%|
|Arts and entertainment||2,221||2,089||6.3%|
|Agriculture and forestry||1,639||1,316||24.5%|
|Mining and oil extraction||311||321||-3.1%|
Several sectors have lost a considerable number of businesses since 2009. Retail trade has declined in the number of businesses in Missouri by 1.9%, the Construction sector lost nearly 2,000 businesses, declining by 11.0% and the Manufacturing sector lost 7.5% of its businesses. The Professional services sector added over 5,000 businesses as it grew by 31.3%, the Waste services sector grew by 20.1%, the Educational services sector grew by 27.3% and the Agriculture and forestry sector grew by 24.5% since the end of the recession.
The Healthcare sector employs the most workers in the state of Missouri . The number of jobs has increased 23.8% since the end of the recession from 327,671 to 405,740. The table below illustrates the change in employment in each sector:
|Accommodation and food services||261,944||230,361||13.7%|
|Finance and insurance||126,083||118,643||6.3%|
|Transport and warehousing||91,578||82,581||10.9%|
|Arts and entertainment||41,078||42,856||-4.1%|
|Real estate and rental||37,271||37,159||0.3%|
|Agriculture and forestry||12,321||10,830||13.8%|
|Mining and oil extraction||4,044||4,133||-2.2%|
Several of the smaller sectors in the state had declined in employment since 2009. The Information sector last a considerable number of employees (nearly 14,000) with its 22.4% decline. The Other services sector (-9.5%), Educational services (-8.4%), Arts and entertainment (-4.1%), Utilities (-7.4%) and Mining and oil extraction (-2.2%) all lost workers since the end of the recession. The sector that grew the most is the Professional services sector which grew from 124,512 to 158,772, an increase of 27.5%.
The sector with the highest wages is the Company management sector at $1,946. Prior to the recession, the sector’s average weekly wage was $1,460. This is an increase of $486 per week or 33.3%. The table below illustrates the change in average weekly wages in each sector:
|Finance and insurance||$1,475||$1,092||35.1%|
|Mining and oil extraction||$1,297||$1,153||12.5%|
|Transport and warehousing||$878||$746||17.7%|
|Real estate and rental||$824||$645||27.8%|
|Arts and entertainment||$717||$621||15.5%|
|Agriculture and forestry||$670||$568||18.0%|
|Accommodation and food services||$339||$275||23.3%|
Average wages in Missouri grew 3.5% slower than the national average. Several sectors contributed to this. The slowest wage growth is in the Educational services sector, which grew by 3.8%. The sector that added the most workers, Other services, grew by only 15.1%, nearly 4% slower than the the state average. The fastest wage growth in the state is in the Finance and insurance sector which grew 35.1% from $1,092 a week to $1,475.
Each of the sectors in the previous section are made up of a number of detailed industries. The top industry that has experienced the most growth (as a percent) since the recession is Services for the elderly and disabled which has grown 5,413.6%. The top industry that has contracted the most is Private households which has contracted by 74.5% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of businesses since the recession:
|Services for the elderly and disabled||31,979||580||5,413.6%|
|Wholesale trade agents and brokers||7,007||6,433||8.9%|
|Computer systems design and related services||4,666||2,906||60.6%|
|Insurance agencies and brokerages||3,738||3,303||13.2%|
|Offices of physicians||3,526||3,470||1.6%|
|Residential building construction||3,224||3,568||-9.6%|
|Offices of lawyers||3,205||3,054||4.9%|
|Management consulting services||2,823||1,622||74.0%|
|Accounting and bookkeeping services||2,652||2,476||7.1%|
The industry that has experienced the most growth in number of employees (as a percent) since the recession is Services for the elderly and disabled which has grown 215.4%. The industry that has lost the most employees is Colleges and universities which has contracted by 19.7% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of employees since the recession:
|General medical and surgical hospitals||120,351||103,655||16.1%|
|Management of companies and enterprises||65,272||59,797||9.2%|
|Services for the elderly and disabled||53,626||17,005||215.4%|
|Temporary help services||49,517||31,976||54.9%|
|Nursing care facilities, skilled nursing||44,708||44,554||0.3%|
|Supermarkets and other grocery stores||43,166||38,471||12.2%|
|Offices of physicians||41,291||39,275||5.1%|
|Computer systems design and related services||40,816||22,007||85.5%|
|Colleges and universities||26,437||32,912||-19.7%|
Since the recession ended, the industry that has experienced the greatest increase in average weekly pay per employee (as a percent) is Credit bureaus which has grown 95.7%. The average weekly wage in the Spectator sports industry has grown by 1.1% since the recession. This is the industry with the lowest wage growth among top industries in Missouri . The table below illustrates the 10 largest industries and their change in the average weekly wages since the recession:
|Investment banking and securities dealing||$4,547||$3,527||28.9%|
|Commodity contracts brokerage||$2,792||$2,327||20.0%|
|Sea, coastal, and great lakes transportation||$2,245||$1,648||36.2%|
|Aerospace product and parts manufacturing||$2,203||$1,680||31.1%|
|Data processing, hosting and related services||$2,193||$1,654||32.6%|
|Electric power generation||$2,174||$1,778||22.3%|
Please note, during the comparison period the NAICS coding has had changes made to it. For proper comparisons we are only including industries that have NOT been affected by these changes.
The biggest percentage change in the number of businesses has been in businesses with fewer than 5 employees. The number of businesses with this number of employees has grown from 97,037 to 127,591, which is an increase of 31.5%.
The smallest percentage change in the number of businesses has been in businesses with 5 to 9 employees. The number of businesses with this number of employees has grown from 27,023 to 27,715, which is an increase of 2.6%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||127,591||97,037||31.5%|
|More Than 1,000 Employees||107||97||10.3%|
The biggest percentage change in the number of employees has been in businesses with 20 to 49 employees. The number of employees in companies this size has grown from 364,734 to 428,389, which is an increase of 17.5%.
The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 177,580 to 181,398, which is an increase of 2.2%.
Table: Change in the number of Employees by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||175,288||152,676||14.8%|
|More Than 1,000 Employees||245,142||219,686||11.6%|
The biggest percentage change in the average weekly wage has been in businesses with fewer than 5 employees. The average weekly wage in companies this size has grown from $646 to $848, which is an increase of 31.3%.
The smallest percentage change in the average weekly wage has been in businesses with 20 to 49 employees. The average weekly wage in companies this size has grown from $658 to $801, which is an increase of 21.7%.
Table: Change Average Weekly Wage by Size Since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||$848||$646||31.3%|
|More Than 1,000 Employees||$1,540||$1,186||29.8%|
This page, created and maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt Tietjen has spent the bulk of his career working with and using data to grow businesses. As the SVP of Operations at TheStreet and the head of Audience & Product at Purch, data helped us create products and content strategies to grow the businesses. My LinkedIn Profile is here.