Wichita Industry News and Developments provides a brief overview of statistical trends and major announcements by industry sector. The report covers the Wichita, KS MSA, which is comprised of Butler, Harvey, Sedgwick and Sumner counties.
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Economic variables occur at approximately the same time as the conditions they signify.
Economic variables that are considered to predict future economic activity.
Center for Economic Development and Business Research W. Frank Barton School of Business1845 Fairmount, Devlin HallWichita, KS 67260-0121 Phone: (316) 978-3225 Fax: (316) 978-3950 e-mail:
In 2015, Wichita total nonfarm employment is expected to increase by 4,472 jobs, which implies the employment growth rate is anticipated to be 1.5 percent.
Read the updated Wichita forecast.
Nationally, real GDP grew at a robust rate of 4.6 percent in the second quarter of 2014, following a contraction of 2.1 percent in the first quarter. Strong growth in personal consumption expenditures and private investment were the key contributors to this growth. Net exports shrunk in the second quarter, while government consumption increased slightly. Employment increased by 1.9 percent nationally in the last twelve months, while Kansas employment increased by 1 percent.
Read the newly released forecast update.
The Center for Economic Development and Business Research has concluded its fall conference season. Following the 35th Annual Wichita Area Economic Outlook Conference, we hit the road for our 3rd Annual Kansas Economic Outlook Conferences in Pittsburg, Emporia, Salina, Dodge City and Hays.
With the help of our sponsors, volunteer speakers, area chambers, and area economic developers, we highlighted topics related to the state, regional, and local outlooks, along with housing and real estate.
You can view the speakers’ presentations at www.cedbr.org and see the Wichita Area and Kansas employment forecasts at www.Outlook.cedbr.org.
Employment in physical therapy occupations in the Wichita metropolitan area has varied significantly across the occupations for which data is available. Although these occupations account for a small fraction of the local labor force, approximately 750 workers, they provide valuable services to the community.
In the Wichita metropolitan area the concentration of employment in the physical therapy occupations is below the national average, with the exception of massage therapists. This indicates there may be a shortage of workers in these occupations.
To understand how employment in these important occupations has changed over time, employment, location quotient, and average annual wages have been analyzed. For comparison, data is also provided for metropolitan areas in Kansas, the Midwest region, and a group of four metropolitan areas that most closely resemble Wichita in population, demographics and industrial mix. These peer communities are Akron, Ohio; Grand Rapids-Wyoming, Mich.; Greenville-Mauldin-Easley, S. C.; and Lancaster, Penn.
Read the complete article.
From July to August, the WSU Current Conditions Index increased 0.6 percent, and the Leading Index increased 0.7 percent. Both indices also increased from August 2013 to August 2014, with the Current Conditions Index increasing 1.6 percent and the Leading Index increasing 2.1 percent. In addition, the Leading Index is forecasting a 0.78 percent increase in economic activity over the next six months.
Read a further analysis of the monthly Index activity.
Access Index data.
The unemployment rate for Kansas, as a whole, decreased 0.4 percentage point from August to September. All of the Kansas MSAs experienced decreases, also, ranging from 0.5 in the Wichita MSA and Topeka MSA to a 0.6 and 0.7 percentage point decrease in the Lawrence and Manhattan MSAs, respectively.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
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.
A slide presentation updated with September 2014 data shows the Midwest inflation rate increased in both urban metros and non-metro urban areas from August to September.
The Producer Price Index data shows that prices in the United States have increased from September 2013 to September 2014 for aircraft (2 percent), natural gas (13.4 percent), and slaughter livestock (24.2 percent). During that same time period, crude petroleum decreased 15.4 percent, sorghum prices decreased 36.6 percent and wheat decreased 5.5 percent.
Access this slide presentation.
Learn more about the CPI.
Learn more about the PPI.
Between first quarter 2014 and second quarter 2014 the general level of misery experienced by people in the United States, Kansas, and the Kansas metropolitan statistical areas decreased, with the largest percentage decline occurring in Topeka, Kan.
The Misery Index, as calculated by the Center for Economic Development and Business Research (CEDBR), includes the following components:
Read the complete second quarter report.
Industry concentration and performance are the topics of a CEDBR slide presentation being released today. State and regional employment data by industry for 2008 and 2012 are provided in table format and compared to national employment growth and concentration. Graphs also provide a visual portrayal of the data, including industry comparisons by earnings.
View the slide presentation.