The Center for Economic Development and Business Research (CEDBR), part of the W. Frank Barton School of Business at Wichita State University, has released population projections by age cohort from 2014 to 2064 for every Kansas county.
If you have attended an Economic Outlook Conference in the past 17 years, you’ve likely interacted with CEDBR’s Senior Administrative Assistant and Conference Coordinator, Rosemary Hedrick. She has been a driving force for excellence for the Center and played an integral role in the immense growth we’ve achieved.
Rosemary has accepted a new position at Wichita State University’s Heskett Center, and will be spending her last day with CEDBR on Friday, February 12, 2016. While we are sad to lose such a valued member of our team, we send her off with a hearty, “Job well done!” and we hope the very best for her future.
Warmest wishes to you, Rosemary!
The unemployment rate for Kansas, as a whole, increased by 0.1 percentage points from November to December of 2015. Manhattan had the largest increase, raising by 0.2 percentage points, while Wichita, Topeka, and Lawrence saw an increase of just 0.1 percentage points.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
View the December 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 December 2015 data shows the Midwest inflation rate decreased from November to December in urban metros and in non-metro areas.
The Producer Price Index data shows that prices in the United States have increased from December 2014 to December 2015 for aircraft (0.6 percent). During that same time period, the index decreased for sorghum (26.1 percent), crude petroleum (43.6 percent), natural gas (49.1 percent), slaughter livestock (25.7 percent), and wheat (25.5 percent).
Access this slide presentation.
Learn more about the CPI.
Learn more about the PPI.
The Council for Community and Economic Research released its annual Cost of Living Index for 273 urban areas. Wichita’s overall Index value was nearly 6.9 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 nearly 22 percent below the national average.
To subscribe to the Cost of Living Index report, or to learn more about The Council for Community and Economic Research, visit their website.
From October to November, the WSU Current Conditions Index remained unchanged and, despite strong improvements through the fall, the Leading Index decreased 0.3 percent. The Current Conditions Index increased year-to-year by 0.8 percent, with the Leading Index remaining constant from October 2014 to November 2015. In addition, the Leading Index is forecasting a 0.06 percent increase in economic activity over the next six months.
Read a further analysis of the monthly Index activity.
Access Index data.
Nationally, 2015 was a year of continued economic growth. The United States real GDP grew by 2 percent in the third quarter of 2015, after growing 3.9 percent in the second quarter. Employment grew 1.8 percent through the first eleven months of 2015.
Through the first eleven months of 2015, Wichita averaged an increase of 1,504 jobs over the previous year. In January 2015, the Center for Economic Development and Business Research (CEDBR) released its 2015 employment forecast for Wichita, predicting that 2,472 jobs would be added to the Wichita economy throughout 2015. While private employment growth exceeded expectations, Wichita’s overall employment growth in 2015 has not reached the forecasted levels of growth, due to the sharp decline in government employment throughout 2015.
Read the complete article.
Top Six Articles of 2015
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.
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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