Sungki Hong is an economist at the Federal Reserve Bank of St. Louis. His research interests include macroeconomics and industrial organization. He joined the St. Louis Fed in 2017. Read more about the author and his research.
The average number of employees at startups has declined over the past several years.
Startups have been representing a smaller share of all jobs within the U.S. and Eighth District in recent years.
Education and income differed between those leaving and those entering the District states from 2013-2017.
As manufacturing grows more sophisticated, industries become more interconnected through production networks.
Jobs in the St. Louis Fed’s District face a higher risk of automation than do jobs nation-wide. Smaller MSAs in the District will face bigger impact.