Wichita MSA employment is forecasted to grow in 2013, by nearly 4,200 jobs, for a growth rate of 1.5 percent over 2012. The service sector is expected to experience the largest growth, with an increase of nearly 2,600 jobs, or 2 percent. These numbers reflect the CEDBR’s updated forecast for 2013.
Read the updated Wichita forecast.
In 2012, Kansas employment grew 1.4 percent and is predicted to grow another 1.8 percent in 2013. This will add nearly 24,000 jobs in Kansas this year. The production sector is expected to have the highest percentage increase in employment in 2013, with a 2.3 percent gain expected.
Read the newly released forecast update.
The 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.
The Center for Economic Development and Business Research released a slide presentation showing the annual inflation rate for the Midwest Region of the United States over time, as well as five-year graphs depicting the change in the Producer Price Index for aircraft, crude petroleum, natural gas, slaughter livestock, sorghum and wheat. The presentation has been updated with March data and can be accessed below.
Access this slide presentation.
Learn more about the CPI.
Learn more about the PPI.
The Lawrence, Manhattan, and Topeka metro areas’ unemployment rates all decreased by 0.4 percentage points from January 2013 to February 2013, as well as the unemployment rate for Kansas, as a whole. The Wichita MSA unemployment rate dropped 0.5 percentage points. A slide presentation is available that graphically depicts civilian labor force employment and the unemployment rate for each of these geographic areas.
Access this slide presentation.
May 2012 national, state, metropolitan and nonmetropolitan area occupational employment and wage estimates were released by the U.S. Bureau of Labor Statistics on March 29, 2013. These estimates are the first to be based on the full 2010 Standard Occupational Classification (SOC) system and the first to be produced using the 2012 North American Industry Classification System (NAICS). In addition to 22 major occupational groups and 821 detailed occupations, employment and wage estimates for 94 minor groups and 458 broad occupations are available in the national data for the first time.
The estimates now include 24 newly defined detailed occupations, with computer network support specialists representing the largest employment group, 167,980 employees, among those new occupations. Nurse anesthetists have the highest annual wage of $154,390 among the occupations recently added. The smallest occupational groups were genetic counselors, wind turbine service technicians and solar photovoltaic installers, each with fewer than 5,000 employees nationwide.
Read the recent BLS news release about occupational data.
Access the May 2012 state occupational employment and wage estimates.
Center for Economic Development and Business Research
2nd Floor, Devlin Hall
Wichita, KS 67260-0121
Phone: (316) 978-3225
FAX: (316) 978-3950
The Misery Index uses the Housing Price Index, the Consumer Price Index and the unemployment rate to measure people's economic misery.
In Globalization Age, What Does "Made In America Mean", Amy Burroughs, Kogod Now, American University Kogod School of Business, March 2013.
US Suburbs Approaching Jobs-Housing Balance, Wendell Cox, New Geography, April 12, 2013.
New US Industry Forecast From ULI, Ernst & Young Projects Rally in Real Estate Capital Markets and Strong Growth in Housing Sector Through 2015, Dean Schwanke, Howard Roth, Suzanne Mulvee, Kevin J. Thorpe, and Craig Thomas, Urban Land Institute, April 10, 2013.
A 70-Year-Old Documentary About Cities Shows We Haven't Come Very Far, Sarah Goodyear, The Atlantic Cities, Nov. 29, 2012.
Rental Housing Market Condition Measures: A Comparison of U.S. Metropolitan Areas From 2009 to 2011, Christine Flanagan and Mary Schwartz, American Community Survey Briefs, U.S. Census Bureau, April 2013.
The Random Walk, Mapping the World's Prices 2013, Sanjeev Sanyal, Deutsche Bank Markets Research, April 3, 2013.
The State of Homelessness in America 2013, National Alliance to End Homelessness, Homelessness Research Institute, April 2013.
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