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e-Connection is a monthly newsletter that contains employment forecasts, indexes, and other research from CEDBR.

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Center for Economic Development and Business Research

W. Frank Barton School of Business
1845 Fairmount
(located in the NIAR building)
Wichita, KS 67260-0121
Phone: (316) 978-3225 
Fax: (316) 978-3950
e-mail: cedbr@wichita.edu

BEA Webcasts

BEA Foreign Direct Investment

Center for Economic Development and Business Research 

director, Jeremy Hill, was part of coordinating two recent economic development webcasts.

The first webcast addressed the Bureau of Economic Analysis bringing back the BE-13 survey, a survey of foreign direct investment.  The data will likely become a valuable tool in understanding regional and state economies.  The presentation, given by Amanda Budny, Chief of the New Foreign Investment Section at BEA, included the following key points:

·         Timeline of BE-13

·         Overview of investment transactions

·         Data collected

·         Expected data to be published

Watch the webcast.

BEA DataThe second webcast was also presented by the Bureau of Economic Analysis (BEA). BEA produces several measures of economic activity at the state, county and metro-area levels. This webcast provided a brief overview of each of these measures, as well as a detailed tour of the regional section of BEA’s website. The webcast teaches the best way to access the full range of regional economic statistics, including gross domestic product, personal income, and the new measures of regional price parities and personal consumption by state. The webcast was presented by Nicholas Empey, chief of the DAS Group, Regional Economics Directorate at BEA.

Watch the webcast.

Monthly and Annual Growth in Current and Leading Indices January to February 2015

current and leading indexFrom January to February, both the WSU Current Conditions Index and the Leading Index increased 0.2 percent. The change from February 2014 to February 2015 in the Current Conditions Index shows an increase of 0.9 percent and the Leading Index shows an increase of 0.7 percent. In addition, the Leading Index is forecasting a 0.31 percent increase in economic activity over the next six months.

Read a further analysis of the monthly Index activity.

Access Index data.

 

Midwest Inflation Rate Increased in Urban and Metro Areas

Inflation and PricesThe 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 2015 data shows the Midwest inflation rate increased in both urban metros and non-metro urban areas from February to March.

The Producer Price Index data shows that the price in the United States has increased from March 2014 to March 2015 for aircraft (1.3 percent). During that same time period, prices decreased for slaughter livestock (6.4 percent), crude petroleum (54.9 percent), natural gas (46.3 percent), sorghum (5.6 percent) and wheat (20.1 percent). 

View the slide presentation.

 

Wichita Has Highest Ranking of Ten MSA’s for Aerospace Production and Manufacturing Skills

Wichita Aero Manufacturing and ProductionIn 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. 

The study highlights some of Wichita’s greatest skill and knowledge categories, which includes the highest average ranking of the ten MSAs across all ten selected skill and knowledge categories, while Savannah and Oklahoma City have the second and third highest average rankings.

Read a summary.

Kansas Unemployment Rate Took a Dip from January to February

The unemployment rate for Kansas, as a whole, decreased 0.1 percentage point from January 2015 to February 2015. All of the Kansas MSAs experienced decreases, also, with a drop of 0.2 percentage point in the Wichita, Topeka and Lawrence MSAs, and a 0.4 percentage point drop in the Manhattan MSA.

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

View the slide presentation.