Center for Economic Development and Business Research
W. Frank Barton School of Business
(located in the NIAR building)
Wichita, KS 67260-0121
Phone: (316) 978-3225
Fax: (316) 978-3950
Please Join Us at the Blueprint for Regional Economic Growth
Public Town Hall Meeting
July 10 | 9:30 am to 12:00 pm
Derby City Hall | 611 N. Mulberry Road, Derby, KS
Everyone is Welcome! No RSVP Necessary
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Review major industry announcements by industry sector from 2015 and an overview of statistical trends within each sector for the first 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.
In the modern business world, having a highly skilled workforce has become increasingly important to economic success. The Center for Economic Development and Business Research (CEDBR), with funding from the Greater Wichita Economic Development Coalition, recently conducted a study to estimate the skill level of the employed workforce in the Wichita metropolitan statistical area (MSA) and other MSAs.
Read a summary.
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 May 2015 data shows the Midwest inflation rate decreased in urban metros and increased in non-metro urban areas from April to May.
The Producer Price Index data shows that the price in the United States has increased from May 2014 to May 2015 for aircraft increased 1.0 percent. During that same time period, prices decreased for crude petroleum (42.1 percent), natural gas (48.8 percent), slaughter livestock (1.7 percent), sorghum (21.4 percent) and wheat (30.3 percent).
View the slide presentation.
The unemployment rate for Kansas, as a whole, did not change from March 2015 to April 2015. The Wichita, Topeka, and Lawrence MSAs experienced a decrease in the unemployment rate for that same period, declining by 0.1 percantage points in Wichita and Lawrence and by 0.3 percentage points in Topeka. The Manhattan MSA saw no change in the unemployment rate.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
From March to April, the WSU Current Conditions Index increased 0.6 percent, and the Leading Index increased 0.4 percent. The Current Conditions Index increased year-to-year by 0.3 percent, while the leading index decreased by 0.6 percent from April 2014 to April 2015. In addition, the Leading Index is forecasting a 0.24 percent decrease in economic activity over the next six months.
Read a further analysis of the monthly Index activity.
Access Index data.
There was an average of 15,466 unemployed people in the Wichita metropolitan area in the first quarter of 2015, approximately 49 percent of whom collected unemployment insurance benefits. In the first quarter of 2015 there were approximately 7,612 people, age 16 and over, who collected unemployment insurance benefits. That is an decrease of approximately 16 percent from the fourth quarter.
Read the full report on the demographic profile of Wichita unemployment insurance beneficiaries.
In the first quarter of 2015, three industries accounted for 55.2 percent of unemployment insurance beneficiaries in the Wichita area; construction, manufacturing, and administrative and support and waste management and remediation services. Only two industries, construction and administrative and support and waste management and remediation services, had a proportionately high level of unemployment insurance, when compared to area employment. The level of unemployment insurance beneficiaries in the manufacturing industry is now proportionately lower when compared to area employment.
Read the full report on the industry profile of Wichita unemployment insurance beneficiaries.
Between the fourth quarter of 2014 and the first quarter of 2015 the general level of misery experienced by people in the United States increased. This can be attributed to the general deterioration in unemployment rates in the last quarter. The increase in unemployment was partially off-set by improvements in home prices and a general decrease in inflation. Even with this slight increase in misery, the overall level of misery remains below first quarter 2014 levels.
The Misery Index, as calculated by the Center for Economic Development and Business Research (CEDBR), includes the following components:
Read the complete first quarter report.
May 18, 2015
In 2015, Kansas total nonfarm employment is expected to increase by 18,868 jobs, which implies the employment growth rate is anticipated to be 1.3 percent.
Both the service (13,127 jobs) and trade, transportation & utilities (4,008 jobs) sectors are expected to lead the growth in the state in 2015, with growth rates of 2.1 percent and 1.5 percent, respectively. The production sectors are projected to add 1,355 jobs, for 0.6 percent growth. Whereas, the government sector is projected to remain flat, showing 0.0 percent growth and adding 43 jobs in 2015.
Read the full 2015 Kansas Employment Forecast.
In 2015, Wichita total nonfarm employment is expected to increase by 2,472 jobs, which implies the employment growth rate is anticipated to be 0.8 percent.
The service (2,158) and production (523) sectors are expected to lead the growth in Wichita in 2015, with growth rates of 1.6 percent and 0.8 percent, respectively. The trade, transportation, and utilities sector is projected to add 186 jobs and the government sector is expected to decline by approximately 395 jobs, shrinking by a rate of 1.0 percent.
Read the full 2015 Wichita Employment Forecast.