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

Industry News and Developments

 Wichita Industry News ReportWichita 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.

 

Download Wichita Industry News and Developments report

Index

Mar10 Demo ImageCurrent
Economic variables occur at approximately the same time as the conditions they signify.

 

Mar10 Demo Image Leading
Economic variables that are considered to predict future economic activity.

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Center for Economic Development and Business Research
W. Frank Barton School of Business

1845 Fairmount, Devlin Hall
Wichita, KS 67260-0121
Phone: (316) 978-3225 
Fax: (316) 978-3950
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Unemployment Rises Across Kansas

Red arrow on graph showing upward movementThe unemployment rate for Kansas, as a whole, increased 0.8 percentage point from December to January. All of the Kansas MSAs experienced a 1 percentage point increase, except Manhattan, Kan., which increased 1.1 percentage points.  A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.

Learn more.

 

Natural Gas Prices Increase Significantly from Last Year

Two hands, one showing thumbs up and the other showing thumbs down.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 February 2014 data shows the Midwest inflation rate increased from January to February for both urban metros and non-metro urban areas.

The Producer Price Index data shows that prices in the United States have increased from February 2013 to February 2014 for aircraft (2.2 percent), crude petroleum (2.2 percent), natural gas (72.9 percent), and slaughter livestock (11.6 percent). During that same time period, sorghum prices decreased 36 percent and wheat prices decreased 10.6 percent.

Access this slide presentation.

Learn more about the CPI.

Learn more about the PPI.

Wichita, An Affordable Place to Live

Sack full of groceries.Earlier this year, The Council for Community and Economic Research, known as C2ER, released its 2013 Annual Average Cost of Living Index report. The data in that report represents the unweighted average of data accumulated in the three quarterly pricing events of 2013. Among the 308 urban areas that participated during the year, the after-tax cost for a professional/managerial standard of living ranged from more than twice the national average in New York (Manhattan), N.Y., to almost 19 percent below the national average in Harlingen, Texas. Wichita’s annual average Index value was 92, 8 percent below the national average.

With the flu season continuing in many parts of the United States, C2ER recently examined the prices of orange juice and Advil across the country. The most expensive place to buy orange juice was in Hilo, Hawaii, at a price of $7.19. The least expensive place was Kalamazoo, Mich., at only $2.68 for a comparable orange juice product. Wichita’s price was $3.49, the same price as the average for the 308 urban areas.

The most expensive place to buy Advil was in Orlando, Fla., at a price of $15.73; whereas, the least expensive place was Carbondale, Ill., at $6.00. Wichita’s price was $8.51, nearly $1 below the average price of $9.50 for the 308 urban areas.

To learn more about C2ER, or to subscribe to the quarterly Cost of Living Index, click here.

WSU Indices Improve From a Year Ago

From December to January, the WSU Current Conditions Index increased 0.1 percent, and the Leading Index also remained relatively stable. In addition, the Current Conditions Index showed improvement from January 2013 to January 2014, increasing 1.3 percent. The Leading Index increased as well during that time period, rising 1.4 percent.

Read a further analysis of the monthly Index activity.

Access Index data.

2014 Wichita Economic Outlook Revised

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.

2014 Kansas Economic Outlook Revision

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.

Economic Indicators

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Current monthly and quarterly economic indicators for the Wichita MSA, the state of Kansas and the United States are now available.
Type Wichita Kansas United States
Monthly January 2014 January 2014 January 2014
Quarterly 4th Qtr. 2013 4th Qtr. 2013 4th Qtr. 2013