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:
The 4th Quarter 2013 issue of Wichita Industry News and Developments, which provides a brief overview of statistical trends and major announcements by industry sector, is now available. The report covers the Wichita MSA.
Access the full report.
There was an average of 15,961 unemployed people in the Wichita metropolitan area in the fourth quarter of 2013, approximately 66 percent of whom collected unemployment insurance benefits. Examining the demographic profile of this subset of the unemployed, and comparing it to the labor force, provides insights into the overall unemployment situation in the Wichita area. An updated CEDBR report does this analysis, using educational attainment, gender, age and race as demographic characteristics for comparison.
Read this report.
Four industries accounted for 65 percent of unemployment insurance beneficiaries in the Wichita area in fourth quarter 2013: manufacturing, construction, administrative and support and waste management and remediation services, and retail trade. There was an increase of 677 unemployment beneficiaries in the construction industry from third quarter to fourth quarter 2013, the largest increase of any industry. More information is available in a revised CEDBR report about the industries from which unemployment beneficiaries were separated in fourth quarter 2013.
In 2011 there were 63 animal food manufacturing establishments in Kansas, with total employment of 2,374 workers. The dog and cat food manufacturing subsector represented approximately 71 percent of the Kansas animal food manufacturing employment and 73.4 percent of Kansas animal food manufacturing wages.
Learn more about this Kansas industry.
The unemployment rate for Kansas, as a whole, increased 0.1 percentage point from November to December. All of the Kansas MSAs experienced increases, as well, that ranged from 0.3 percent in Lawrence and Manhattan, to a 0.1 percent increase in the Wichita MSA. 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 January 2014 data shows the Midwest inflation rate decreased from December to January for both urban metros and non-metro urban areas.
The Producer Price Index data shows that prices in the United States have increased from January 2013 to January 2014 for aircraft (2.3 percent), natural gas (26.9 percent), and slaughter livestock (9.9 percent). During that same time period, crude petroleum prices decreased 5 percent, sorghum prices decreased 41 percent and wheat prices decreased 15.7 percent.
Access this slide presentation.
Learn more about the CPI.
Learn more about the PPI.
WSU's Center for Entrepreneurship and Meritrust Credit Union present the 2013-2014 Business Booster Series. Formulated for the self-made business owner and fortified with the knowledge of fellow business mavericks, these three-hour workshops are a fast-acting dose of practical know-how you can immediately put to use to beef up your business' bottom line.
Supercharge your success. Make your reservations today by calling (316) 978-3000 or use the online registration link: wichita.edu/BusinessBooster
•$50 each or $299 for all eight sessions
•$10 for WSU employees
•$5 for WSU students
Questions? Please contact Wendy Veatch, Director of Outreach Programming, at (316) 978-5219 or
From November to December, the WSU Current Conditions Index and the Leading Index each dropped 0.2 percent. The Current Conditions Index also had a decrease of 0.3 percent when comparing December 2012 to December 2013. However, the Leading Index had a 0.1 percent increase when comparing those two months.
Read a further analysis of the monthly Index activity.
Access Index data.
In 2014, Wichita total nonfarm employment is expected to increase by 2,683 jobs. The employment growth rate is anticipated to be 0.9 percent, which is almost double the growth rate in 2013.
Read the updated Wichita forecast.
In 2014, Kansas state employment is forecasted to grow at 1.4 percent, which is a slight improvement over 2013. Overall, there is a projected increase of more than 18,000 jobs in Kansas over the course of the year. With this growth, Kansas is forecasted to exceed its pre-recession peak in total nonfarm employment.
Read the newly released forecast update.