Oct. 5, 2016 | St. Louis
In his part of the presentation, business economist Kevin Kliesen, an officer with the St. Louis Fed’s Research Division, highlighted strengths and weaknesses of St. Louis and compared the metropolitan area’s economy with that of the U.S. While the St. Louis metro area has seen slower GDP growth than the U.S. for several years, Kliesen noted that labor market conditions in the St. Louis metro area are improving and that construction activity in the area is strengthening. He also discussed the “thriving” entrepreneurial sector, saying that St. Louis has experienced an increase in startups since 2009.
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