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

 

Wichita Cost of Living, First Quarter 2016

Cost of Living Less in WichitaThe Council for Community and Economic Research released the first quarter Cost of Living Index for 260 urban areas. Wichita’s overall Index value was nearly 7 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.

Midwest Annual Inflation Rates Drop, May 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 May 2016 data shows the Midwest inflation rate saw both an increase and decrease from April to May. While the urban metropolitan areas noticed a 0.36% decrease, the non-metropolitan urban areas saw a 0.03% increase. 

The Producer Price Index data shows that prices in the United States have increased from May 2015 to May 2016 for aircraft (0.9 percent). During that same time period, the index decreased crude petroleum (-32.8 percent), natural gas (-22.5 percent), slaughter livestock (-15.1 percent), sorghum (-19.4 percent) and wheat (-15.2 percent).

Access this slide presentation.

Learn more about the CPI.

Learn more about the PPI.

Daytime Population and Commuter Patterns for Kansas

   

Relative to population, there were few workers living or working in Kansas that crossed state borders in their daily commute. There were one percent more workers working in Kansas than living in Kansas. This was unchanged between 2010 and 2014. The commuters crossing state borders changed only slightly between 2010 and 2014, with very little change in worker retention.


From 2010 to 2014, the Topeka metropolitan area changes in commuting activity remained level, while all other Kansas metropolitan areas showed increases in commuting activity over this period.


The full report shows commuting patterns by income and industry for each Kansas metropolitan area.

Daytime Population Report Thumb
 

Read this report in its entirety.

Current & Leading Indices Continue to Improve, April 2016

Current & Leading Indices From March to April, the WSU Current Conditions Index improved by 0.6 percent, with the Leading Index seeing an improvement of 0.8 percent. The Current Conditions Index increased year-to-year by 0.8 percent, with the Leading Index increasing 0.5 percent from March 2015 to April 2016. In addition, the Leading Index is forecasting a 0.38 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: Micropolitan Areas

Micropolitan areas throughout Kansas are forecast to have a wide dispersion.The micropolitan areas throughout Kansas are forecast to have a wide dispersion in their population growth projections for the next fifty years, ranging from a decline of 44.5 percent to an increase of 86.1 percent from their 2014 population. The two regions expected to see population growth in their micropolitan areas in Kansas are the Western and Northeastern portions of the state.  The western micropolitan areas are, on average, are projected to grow 7.5 percent through 2064, while the northeastern micropolitan areas are projected to grow 22.4 percent, on average.

Read the complete article.
 

YouTube, Kansas Population Forecast, Micropolitan Areas

Unemployment Rates Fall in Kansas MSAs

EmploymentThe unemployment rate for Kansas, as a whole, fell by 0.6 percentage points from March of 2016 to April of 2016. Topeka and Wichita saw the largest decrease, falling by 0.7 percentage points, while Lawrence and Manhattan followed suit with a decrease of 0.4 percentage points.

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

View the April slide presentation.

Misery Index Increases Slightly in U.S.

Misery Index in KansasFor the U.S. as a whole we are slightly more miserable then we were just before the 2008 recession.  Although housing prices are increasing and inflation is low, the unemployment rate remains slightly above the 2007 average of 4.62 percent, at 5.2 percent.  However, most states are currently at levels of misery lower than their prerecession levels.

In Kansas we are currently at a level of misery lower than we were before the 2008 recession, as is all of the states in the heartland.

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 first quarter report.

Contact Us

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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

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2016 Media Citations

More media resources
available at www.media.cedbr.org

City OKs new IRBs for Spirit AeroSystems
Wichita Business Journal
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Kansas Seeing More Startups, But Little Job Growth
KMUW
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Wichita State study: New Kansas businesses add few workers
Wichita Eagle
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Tax Abatements: A Boon For The City, Or Not Worth The Cost?
KMUW
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Rose Hill considers tax abatement amid dire budget situation
Derby Informer
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County's future depends on the outlook today
The Marysville Advocate
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National article questions depth of Wichita's aerospace job pool
KSN
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Population here predicted to drop
The Marysville Advocate
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In Kansas, managers' income gains nearly match farm, telecom worker losses
Wichita Eagle
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Brownback 'experiment' falling flat
Hutchinson News
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Kansas' litany of grim realities
The Garden City Telegram
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Kansas loses jobs in Februrary for first time since 2011, according to state survey
Wichita Eagle
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Mark Peterson: Kansas must change or even more will leave
Wichita Eagle
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Your wake-up call for the day, or maybe the year 
High Plains/Midwest Ag Journal
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As Bombardier cuts jobs, the rest of the Wichita aviation market could stabilize
KSN
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Yael T. Abouhalkah: Think Johnson County is crowded now? Wait until it hits 1 million people
Kansas City Star
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WSU study: Kansas population forecasted to transfer to metro areas
The Sunflower
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Graduate student's research helps WSU develop state population forecast
Wichita State News
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Code red for rural hospitals
Hillsboro Star-Journal
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School data shows drop in child homelessness
Topeka Capital-Journal
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County population to increase
The Morning Sun
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Report: Kansas Sees Give Percent Growth In Business
KMUW
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County expected to shrink over time
The Kansan
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Forecast: Elderly Population to Double, Outnumber Children
WIBW
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Kansans in 50 years will be mostly urban, mostly older
WIchita Business Journal
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(AP) Forecast: Elderly Population To Double, Outnumber Children
WOW! 6 News
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(AP) Forecast: Elderly Population To Double, Outnumber Children
KAKE
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(AP) Forecast: Elderly Population To Double, Outnumber Children
KMUW
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(AP) Forecast: Elderly Population To Double, Outnumber Children
KSNT
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(AP) Forecast: Elderly Population To Double, Outnumber Children
KWCH
____________

(AP) Forecast: Elderly Population To Double, Outnumber Children
Lawrence Journal-World
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(AP) Forecast: Elderly Population To Double, Outnumber Children
NTV
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(AP) Kansas elderly population to double
Parson Sun
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(AP) Kansas elderly population to double, outnumber children, forecast predicts
Shawnee Dispatch
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(AP) Kansas elderly population to double, outnumber children, forecast predicts
Tonganoxie Mirror
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(AP) Study: Kansas Elderly Population To Double, Outnumber Children
News on 6
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(AP) Study: Kansas elderly population to double, outnumber kids
Argus Press
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(AP) Study: Kansas elderly population to double, outnumber kids
Bristol Herald
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(AP) Study: Kansas elderly population to double, outnumber kids
Brownsville Herald
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(AP) Study: Kansas elderly population to double, outnumber kids
Clay Center Dispatch
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(AP) Study: Kansas elderly population to double, outnumber kids
Daily Journal
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(AP) Study: Kansas elderly population to double, outnumber kids
Emporia Gazette
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(AP) Study: Kansas elderly population to double, outnumber kids
Greenfield Reporter
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(AP) Study: Kansas elderly population to double, outnumber kids
Hastings Tribune
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(AP) Study: Kansas elderly population to double, outnumber kids
Hutchinson News
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(AP) Study: Kansas elderly population to double, outnumber kids
Lebanon Daily Record
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(AP) Study: Kansas elderly population to double, outnumber kids
Odessa American
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(AP) Study: Kansas elderly population to double, outnumber kids
The Eagle (Bryan-College Station, TX)
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(AP) Study: Kansas elderly population to double, outnumber kids
The Monitor
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(AP) Study: Kansas elderly population to double, outnumber kids
The Republic (Columbus, Indiana)
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(AP) Study: Kansas elderly population to double, outnumber kids
Valley Morning Star
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(AP) WSU Forecast: Elderly population to double, outnumber children
KSN
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Guess where nearly a third of Kansans will live in 2064
Kansas City Business Journal
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Kansas' aging population expected to double
KSN
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Kansas population forecast released by Wichita State
Wichita State News
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Kansas population forecast shows aging population
KWCH
____________

Kansas population forecast to hit 3.5 million by 2064, Wichita State study says
Topeka Capital-Journal
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Slow population growth projected in Kansas over next 50 years, study finds
Wichita Eagle
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State population predicted to rise over 50 years
Garden City Telegram
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Study shows continuing population declines
Hays Daily
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Study: In 50 years Kansas population will be much older, more urban (+video)
Wichita Eagle
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Study: Kansas population expected to increase
KWCH
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Surprising numbers in latest Kansas population forecast (VIDEO)
Hays Post
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Surprising numbers in latest Kansas population forecast (VIDEO)
Salina Post
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Play together or pay dearly
Peabody Gazette-Bulletin
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As percentage of homeowners falls, Wichita looks to more mobile future (+video)
Wichita Eagle