e-Connection Subscription:

Kansas Economic Outlook Conference Registration, Wichita October, 6, 2016

 

Income Inequality (2010-2014)

Wichita Percent of Total Income - Income Inequality - 2010 through 2014

Income inequality has increased in the Wichita area between 2010 and 2014.  Mostly attributable to a shift in income away from the lowest income households to middle class households.  Although there has been an increase in income inequality in Wichita, income inequality in Wichita remains below the levels in the United States, Kansas and many other metropolitan areas. 

See the full report.

Midwest Annual Inflation Rates Increase February 2016 to March 2016

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 2016 data shows the Midwest inflation rate increased from February to March in urban metros and in non-metro areas.

The Producer Price Index data shows that prices in the United States have increased from March 2015 to March 2016 for aircraft (0.7 percent). During that same time period, the index decreased crude petroleum (-25.8 percent), natural gas (-39.8 percent), slaughter livestock (-9.8 percent), sorghum (-32.4 percent) and wheat (-17.9 percent).

Access this slide presentation.

Learn more about the CPI.

Learn more about the PPI.

 

Current and Leading Indices Improve, February 2016

Current & Leading Indices ImprovedFrom January to February, the WSU Current Conditions Index improved by 0.6 percent and, after declining at the end of the year, the Leading Index increased 0.6 percent. The Current Conditions Index increased year-to-year by 0.6 percent, with the Leading Index dropping 0.2 percent from January 2015 to February 2016. In addition, the Leading Index is forecasting a 0.57 percent decrease in economic activity over the next six months. 

Read a further analysis of the monthly Index activity.

Access Index data.

 

Kansas Population Forecast: Regional Growth

Over 80% of the total Kansas population will live in metropolitan areas.The state of Kansas population is projected to have an average annual growth rate of 0.4 percent over the 50 years forecasted.  This is projected to be slightly lower than Kansas’ annual average population growth from 1960 to 2010, which was 0.5 percent.  Over the forecasted period, Kansas’ overall annual population growth rate is forecast to decline from 0.5 percent in 2019 to 0.3 percent in 2064.

Read the complete article.

Transportation and Utilities: Industry Changes

WIND Quarter 5 2015 Transportation & Utilities ChartDuring the fourth quarter of 2015, transportation and utilities employment in Wichita stood at 10,000. This is up 3.4 percent from the third quarter of 2015, and up 1.4 percent from the fourth quarter of 2014.

This graph displays the percentage change in transportation and utilities employment in Wichita compared to that of the U.S.

The Wichita Inudstry News and Developments report below contains more details regarding local business changes announced in the fourth quarter of 2015, as well as the notable expansion and construction taking place in Wichita's transportation, warehousing and utilities industries.

See the full report.

2015 Fourth Quarter Wichita Industry News and Developments

Industry DevelopmentsReview major industry announcements by industry sector from 2015 and an overview of statistical trends within each sector for the fourth quarter. Industry news is presented for industries such as mining and construction, manufacturing, wholesale and retail trade, transportation, information services, and leisure and hospitality, among others.

Access the full report.

Access the industry employment slides.

Kansas MSAs Saw Increase In Unemployment Rates

EmploymentThe unemployment rate for Kansas, as a whole, increased by 0.8 percentage points from December of 2015 to January of 2016. Topeka had the largest increase, raising by 1.1 percentage points, while Wichita followed with an increase of 0.9 percentage points, then Lawrence with an increase of just 0.8 percentage points, and finally Manhattan with an increase of 0.7 percentage points.

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

View the January slide presentation.

Economic Outlook | Wichita | 2016

2016 forecast

October 1, 2015

Nationally, real GDP expanded briskly with 3.9 percent growth in the second quarter of 2015, after growing 0.6 percent in the first quarter of 2015.  Most of this growth was due to growing personal consumption expenditures, with investment experiencing the second largest growth.  Net exports and government spending also contributed to the increase in real GDP, as both had moderately positive growth.  Employment increased by 2.1 percent nationally in the last twelve months, while employment in the Wichita metropolitan area grew by 1 percent.

In 2016, Wichita total nonfarm employment is expected to increase by 3,360 jobs, which implies the employment growth rate is anticipated to be 1.1 percent.

Read the full Wichita employment forecast.

 
 

Economic Outlook | Kansas | 2016

2016 forecast

October 1, 2015

Nationally, real GDP expanded briskly with 3.9 percent growth in the second quarter of 2015, after growing 0.6 percent in the first quarter of 2015.  Most of this growth was due to growing personal consumption expenditures, with investment experiencing the second largest growth.  Net exports and government spending also contributed to the increase in real GDP, as both had moderately positive growth.  Employment increased by 2.1 percent nationally in the last twelve months, while Kansas employment increased by 0.9 percent.

In 2016, Kansas total nonfarm employment is expected to increase by 19,958 jobs, which implies the employment growth rate is anticipated to be 1.4 percent.

Read the full Kansas employment forecast.

 

Contact Us

Center for Economic Development and Business Research
W. Frank Barton School of Business
Wichita State University
1845 Fairmount (located in NIAR)
Wichita, KS 67260-0121
P: (316) 978-3225 | F: (316) 978-3950
E:
cedbr@wichita.edu

e-Connection Preview

Media

  • Press Releases
  • Latest News Commentary
  • Videos
  • Media Contact Information

> > Media & Press Resources