On October 9, the 35th Annual Wichita Area Economic Outlook Conference will be held in the Century II Convention Hall from 7:30 – 11:30 a.m. Tickets are available for $115, which includes breakfast.
Jack Kleinhenz, Ph.D., chief economist for the National Retail Federation headquartered in Washington D.C., will be one of the speakers for this year’s conference. As a frequent speaker on business and regional economic issues, he is regularly called upon by local, national and international media, including the Financial Times, Bloomberg News, CNBC, Fox News, National Public Radio, The Wall Street Journal, USA Today and the Washington Post. In addition to his role with NRF, he is principal and chief economist of Kleinhenz & Associates, a registered investment advisory firm headquartered in Cleveland, Ohio, specializing in financial consulting and wealth management.
Learn more about the 2014 conference.
Over the next few months, CEDBR will be releasing a series of articles about healthcare occupations. The first article, being released today, is on the topic of dental occupations. Employment, location quotient, and average annual wages are analyzed for three specific occupations: dentists, hygienists, and dental assistants. For comparison, data is provided for metropolitan areas in Kansas, the Midwest region, and a group of four metropolitan areas that most closely resemble Wichita in population, demographics and industrial mix. These are Akron, Ohio; Grand Rapids-Wyoming, Mich.; Greenville-Mauldin-Easley, S.C.; and Lancaster, Pa.
Read the complete article.
Average weekly hours of production workers can be used as a leading indicator, as in The Conference Board’s Leading Economic Index, or as a current economic indicator, as in the WSU Current Conditions Index. When used as a leading indicator, the movement over several months can be analyzed to identify a developing trend; whereas, the month-to-month variability can provide a snapshot of the current economy.
Read more about average weekly hours of production workers.
The unemployment rate for Kansas, as a whole, increased 0.3 percentage point from April to May. All of the Kansas MSAs experienced increases, ranging from 0.2 percentage point in Manhattan, Topeka, and Wichita, to a 0.3 percentage point increase in Lawrence. A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
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 June 2014 data shows the Midwest inflation rate increased from May to June in urban metros, as well as in non-metro urban areas.
The Producer Price Index data shows that prices in the United States have increased from June 2013 to June 2014 for aircraft (1.8 percent), crude petroleum (5.4 percent), natural gas (12.3 percent), and slaughter livestock (20.3 percent). During that same time period, sorghum prices decreased 32.2 percent and wheat decreased 6.5 percent.
Access this slide presentation.
Learn more about the CPI.
Learn more about the PPI.
From April to May, the WSU Current Conditions Index increased 0.4 percent, and the Leading Index increased 0.5 percent. Both indices also increased from May 2013 to May 2014, with the Current Conditions Index growing 0.7 percent and the Leading Index increasing 1 percent. In addition, the Leading Index is forecasting a 0.45 percent increase in economic activity over the next six months.
Read a further analysis of the monthly Index activity.
Access Index data.
Center for Economic Development and Business Research
2nd Floor, Devlin Hall
Wichita, KS 67260-0121
Phone: (316) 978-3225
FAX: (316) 978-3950
Kansas Establishments by Number of Employees
A CEDBR report analyzes Kansas business establishments by number of employees. The report reveals that the largest number of Kansas establishments, by group, are small establishments with fewer than 20 employees. Mid-size establishments, with 20 to 249 employees, employ the highest number of people and pay the most in total wages.
Fed Unveils a New Job-Market Index, David Wessel, The Wall Street Journal, wsj.com, July 16, 2014.
KIDS COUNT, 2014 Data Book, The Annie E. Casey Foundation.
Jobs Charted by State and Salary, FlowingData.com, July 2, 2014.
Got skills? Think manufacturing, Elka Torpey, Occupational Outlook Quarterly, U.S. Bureau of Labor Statistics, Summer 2014.
Going public: Writing about research in everyday language, (REL 2014-051), Mark Dynarski and Ellen Kisker, U.S. Department of Education, June 2014.
An Economic Analysis of Transportation Infrastructure Investment, The White House, July 2014.
The Labor Force Participation Rate Since 2007: Causes and Policy Implications, Executive Office of the President of the United States, July 2014.