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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
The 2015 Wichita Area Economic Outlook Conference recordings are now available on CEDBR's YouTube channel. Click the image below.
"Good information for economic development stake holders."
This document presents annual income and poverty statistics released by the U.S. Census Bureau' Small Area Income and Poverty Estimates (SAIPE) program in 2014. Estimates for the number of children who are aged from 5 to 17 in families in poverty by school district and median household income by county are explored for the Wichita Metropolitan Statistical Area (MSA), which includes Butler, Harvey, Kingman, Sedgwick, and Sumner counties.
Highlights from the report:
Read the complete report.
There was an average of 15,452 unemployed people in the Wichita metropolitan area in the third quarter of 2015, approximately 40 percent of whom collected unemployment insurance benefits. In the third quarter of 2015 there were approximately 6,164 people, age 16 and over, who collected unemployment insurance benefits. That is a decrease of approximately 40 percent from the second quarter of 2015.
Read the full report on the demographic profile of Wichita unemployment insurance beneficiaries.
In the third quarter of 2015, four industries accounted for 58.9 percent of unemployment insurance beneficiaries in the Wichita area; manufacturing, administrative and support and waste management and remediation services, wholesale trade, and construction. These four industries also have a proportionately high level of unemployment insurance, when compared to area employment. However, of these four industries only one had an increase in the number of unemployment insurance beneficiaries, wholesale trade.
Across all subsectors of wholesale trade, there is a significantly lower level of educational attainment in beneficiaries of unemployment insurance than in the general labor force. Fifty-six percent of these unemployment insurance beneficiaries have no more education than a high school diploma.
Read the full report on the industry and geography profile of Wichita unemployment insurance beneficiaries.
From July to August, both the WSU Current Conditions Index and the Leading Index decreased by 0.6 percent. The Current Conditions Index decreased year-to-year by 0.2 percent, while the leading index decreased by 1.4 percent from August 2014 to August 2015. In addition, the Leading Index is forecasting a 0.26 percent decrease in economic activity over the next six months.
Read a further analysis of the monthly Index activity.
Access Index data.
The unemployment rate for Kansas, as a whole, decreased by 0.7 percentage points from August to September of 2015. The Wichita, Topeka, Manhattan and Lawrence MSAs all experienced similar unemployment rate decreases for that same period, decreasing by 0.6 percentage points in Wichita and Topeka, 0.8 percentage points in Manhattan and 0.7 percentage points in Lawrence.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
View the September slide presentation.
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 September 2015 data shows the Midwest inflation rate increased from August to September in urban metros and in non-metro areas.
The Producer Price Index data shows that prices in the United States have increased from September 2014 to September 2015 for aircraft (0.7 percent) and sorghum (13.6 percent). During that same time period, the index decreased for crude petroleum (54.3 percent), natural gas (36.5 percent), slaughter livestock (16.9 percent), and wheat (23.4 percent).
Access this slide presentation.
Learn more about the CPI.
Learn more about the PPI.
Real gross domestic product by state and metropolitan area is a measure of the areas production of goods and services. It represents the final market value, based on national prices, of all goods and services produced in the area in a given year.
Overall, the state of Kansas had an increase in Gross State Product between 2013 and 2014 of 1.8 percent. However, each of the metropolitan areas within the state, for which data is available, had a different total growth rate in the production of goods and services. Wichita, which represents 20.6 percent of the state economy, grew at a rate of 2.2 percent. Lawrence, which represents 2.7 percent of the state economy, grew at a rate of 1.0 percent. Topeka, which represents 6.7 percent of the state economy, grew at a rate of 0.1 percent.
Read complete report.
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.
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.