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Kansas Manufacturing: Machinery Manufacturing

Misery Index in KansasIndustries in the Machinery Manufacturing subsector create end products that apply mechanical force. Establishments specializing in making machinery intended for particular applications define the industries within this subsector.

In Kansas, machinery manufacturing is a moderate wage industry with growing employment. Over the past decade, employment in this industry has averaged about 17,500 employees and grew at an average annual rate of 1.3 percent between 2005 and 2015.

Read the full report.

Midwest Annual Inflation Continues to Drop, March 2017

InflationThe Consumer Price Index is used to calculate inflation, or the change in price of a basket of goods and services, as it impacts consumers; whereas, the Producer Price Index measures changes in selling prices, thereby expressing price changes from the perspective of the seller who produces a particular commodity.

A slide presentation updated with March 2017 data shows the Midwest inflation rate decreased from February to March. While the urban metropolitan areas noticed a -0.34% decrease, the non-metropolitan urban areas saw a smaller decrease of -.09%. 

The Producer Price Index data shows that prices in the United States have increased from March 2016 to March 2017 for aircraft (0.6 percent), crude petroleum (36.0 percent), and natural gas (41.0 percent). During that same time period, the index decreased slaughter livestock (-5.8 percent), sorghum (-8.1 percent) and wheat (-7.6 percent).

Access this slide presentation.

Learn more about the CPI.

Learn more about the PPI.

Current and Leading Indices Increasing, April 2017

Current & Leading Indices From January to February, the WSU Current Conditions Index increased by 0.7 percent. The Current Conditions Index decreased year-to-year by 0.1 percent from February 2016 to February 2017. In addition, the Leading Index is forecasting a 0.46 percent increase in economic activity over the next six months.

Read a further analysis of the monthly Index activity.

Access Index data.

Unemployment Rates Decrease in Kansas

EmploymentThe unemployment rate for Kansas, as a whole, decreased from January 2017 to February 2017. While the Wichita MSA remained constant, Lawrence, Topeka, and Manhattan saw a decrease of 0.1, 0.2 and 0.3 percentage points respectively.

A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.

View the February slide presentation.

2016 Wichita Cost of Living, Annual Average

Cost of Living Less in WichitaThe Council for Community and Economic Research released its annual Cost of Living Index for 273 urban areas. Wichita’s overall Index value was nearly 8.2 percent below the national average of 100. The most expensive urban area in which to live was New York (Manhattan), N.Y., with an Index value more than twice that of the national average. The least expensive urban area was McAllen, Texas, which was nearly 24 percent below the national average.

Read more.

To subscribe to the Cost of Living Index report, or to learn more about The Council for Community and Economic Research, visit their website.

Kansas Gap Analysis: Accounting Services Sales

The legal services sector includes offices of certified public accountants, tax preparation services, billing services, payroll services, and other accountants’ offices. CEDBR, as part of research on Kansas’ retail and service sector gaps, has analyzed sales in the accounting services sector in every county throughout Kansas.

  • Total accounting services employment in Kansas was approximately 6,900 in 2013, with employment of 10 in the median county in the state in this sector. Johnson County, Sedgwick County, and Shawnee County had the highest total employment and sales in the sector in the state.
     
  • 43 Kansas counties had a peer sales ratio between 50 and 150 percent for the accounting services sector, while 42 had a peer sales ratio less than 50 percent. This suggests that the accounting services sector is relatively concentrated in Kansas, with a small number of counties having an outsized number of accountants and related services relative to the rest of the state. 32 Kansas counties had five or fewer workers in this sector in 2013.

Read the full article.

Kansas Manufacturing: Food Manufacturing

Misery Index in KansasIndustries in the Food Manufacturing subsector transform livestock and agricultural products into products for consumption. The industry groups are distinguished by the raw materials they process.

In Kansas, food manufacturing is generally a low-wage industry with relatively stable employment. Over the past decade employment in this industry has averaged about 31,000 workers, and in 2015, was less than one percent below 2005 levels. Wages are generally below the state average for manufacturing.

Read the full report.

Kansas Age-Reweighted Employment - Population Ratio

Misery Index in KansasIn both Kansas and the United States, both the employment-population ratio and labor force participation rate have declined sharply during the recession in 2008, and the ratio has remained well below pre-recession levels for both geographies.

  • The age-reweighted employment-population ratio for Kansas fell by 1.9 percent from 2005 to 2015.
  • Almost all of the decline in the U.S. employment-population ratio from 2005 to 2015 can be explained by changing age demographics, while changing age demographics can only explain half of the decline in Kansas’ employment-population ratio.
  • The reweighted employment-population ratio of other Midwestern states such as Iowa and Nebraska tended to outperform the national average from 2005 to 2015, while Kansas’ did not.

Read the full report.

Misery Index Decreases in U.S.

Misery Index in KansasBetween the third and fourth quarters of 2016, the general level of misery experienced by people in the United States decreased and remained below the 2015 level. This can be attributed to a decrease in the unemployment rate, that was partially offset by increases in inflation and a decrease in housing prices. The level of misery also decreased in Kansas in the fourth quarter but was above the 2015 level at the end of the year.

Within each of the metropolitan areas in Kansas, the level of misery is mixed.

The Misery Index, as calculated by the Center for Economic Development and Business Research (CEDBR), includes the following components:

  • The Consumer Price Index (CPI) from the Bureau of Labor Statistics
  • The House Price Index (HPI) from the Federal Housing Finance Agency
  • Unemployment Rates (UR) from the Bureau of Labor Statistics

Read the complete fourth quarter report.

 

Kansas Population Forecast: U.S. Comparison

The U.S. Census Bureau has published their population projections for the entire United States from 2015 to 2060 , and they project that the United States population will grow from 321.4 million to 416.8 million in that period. This represents 29.6 percent growth for the U.S. population, which is projected to expand more rapidly than the Kansas population.

Both the Kansas and the U.S. populations are projected to have positive growth rates throughout this period, with growth generally slowing over much of this period as well.

Read the complete article.
 

YouTube, Kansas Population Forecast

Profile of Unemployment Insurance Beneficiaries in Wichita, 4th Quarter 2016

Unemployment Insurance Wichita KansasThere was an average of 13,602 unemployed people in the Wichita metropolitan area in the fourth quarter of 2016, approximately 50 percent of whom collected unemployment insurance benefits. In the fourth quarter of 2016, there were approximately 6,811 people, age 16 and over, who collected unemployment insurance benefits. That is an increase of approximately five percent from the third quarter of 2016.

In the fourth quarter of 2016, four industries accounted for 64.2 percent of unemployment insurance beneficiaries in the Wichita area; construction, manufacturing, administrative and support and waste management and remediation services, and wholesale trade. Of these four high unemployment industries, only manufacturing currently has a proportionately low level of unemployment insurance beneficiaries, when compared to total employment.

Read the full Wichita unemployment insurance beneficiaries report.
 

Wichita Cost of Living, Third Quarter 2016

Cost of Living Less in WichitaThe Council for Community and Economic Research released the third quarter Cost of Living Index for 261 urban areas. Wichita’s overall Index value was nearly 9 percent below the national average of 100. The most expensive urban area in which to live was New York (Manhattan), N.Y., with an Index value more than twice that of the national average. The least expensive urban area was McAllen, Texas, which was more than 23 percent below the national average.

Read more.

To subscribe to the Cost of Living Index report, or to learn more about The Council for Community and Economic Research, visit their website.