The Center for Economic Development and Business Research is preparing for a temporary relocation, prior to our 2017 move to Wichita State University’s Old Town location.
Beginning April 14, 2015, we will be located on the third floor of the National Institute for Aviation Research. We will remain in the NIAR building until our move into the Old Town Location in 2017.
View a map showing our new location and parking options.
Read more about our eventual move to Old Town.
The Center for Economic Development and Business Research, part of the W. Frank Barton School of Business at Wichita State University, and the Wichita Manufacturer’s Association are partnering in organizing the first Wichita Industry Research Exchange (WIRE).
The spring event will feature presenter Dr. Masud Chand, assistant professor of international business, sharing the results of his research on the aging workforce among manufacturing economies. The presentation will be followed by highlights from a survey conducted by CEDBR among WMA members and a panel discussion that will include participants from several professional backgrounds.
The event will take place on Wednesday, May 6, 2015 from 8:30 am to 10:30 AM in room 180 of the Hughes Metropolitan Complex. The event is free and will include refreshments.Please register at www.WIRE.cedbr.org.
In the modern businessworld, 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 levels of engineering occupations in ten aviation manufacturing MSAs, including Wichita.
Among these ten MSAs, Wichita is the only metropolitan area with engineers who rank in the top 5 in every skill and knowledge category selected.Wichita has the highest average ranking of the ten MSAs; Seattle and Savannah had the second and third highest average rankings, respectively. Tulsa had the lowest average ranking of the ten MSAs
Veterinary employment in the Wichita metropolitan area accounts for a small fraction of the local labor force, approximately 590 workers. However, they provide valuable services to the community.
In the Wichita metropolitan area, employment in veterinary occupations has grown significantly between 2008 and 2013. The concentration of these occupations in the Wichita area is well above the national average.
Nationally, the number of veterinarians has grown by 13.4 percent between 2008 and 2013 and is projected to grow 12 percent from 2012 to 2022. The number of veterinary assistants has grown by 1.7 percent between 2008 and 2013 and is projected to grow 10 percent from 2012 to 2022.
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 2015 data shows the Midwest inflation rate decreased in both urban metros and non-metro urban areas from January to February.
The Producer Price Index data shows that prices in the United States have increased from February 2014 to February 2015 for aircraft (1.7 percent) and slaughter livestock (2.7 percent). During that same time period, prices decreased for crude petroleum (53.4 percent), natural gas (52.8 percent), sorghum (9.7 percent) and wheat (12.6 percent).
View the slide presentation.
The unemployment rate for Kansas, as a whole, increased 0.8 percentage point from December 2014 to January 2015. All of the Kansas MSAs experienced increases, also, with a 0.7 percentage point in the Wichita MSA, 1.0 in Topeka, 0.6 in Manhattan, and 0.8 percentage point in Lawrence.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
There was an average of 14,085 unemployed people in the Wichita metropolitan area in the fourth quarter of 2014, approximately 65 percent of whom collected unemployment insurance benefits. In the fourth quarter of 2014 there were approximately 9,093 people, age 16 and over, who collected unemployment insurance benefits. That is an increase of approximately 13 percent from the third quarter.
Read the full report on the demographic profile of Wichita unemployment insurance beneficiaries.
In the fourth quarter of 2014, four industries accounted for 67.4 percent of unemployment insurance beneficiaries in the Wichita area; manufacturing, administrative and support and waste management and remediation services, wholesale trade, and construction. Only three industries had significant increases in the number of beneficiaries; construction, wholesale trade, and administrative and support and waste management and remidation services.
Read the full report on the industry profile of Wichita unemployment insurance beneficiaries.
Between the third and fourth quarters of 2014 the general level of misery experienced by people in the United States decreased. This can be attributed to the general improvement in both housing prices and the unemployment rate. The level of economic misery experienced by Kansans is lower than in the United States as a whole, and decreased by more than the United States in the fourth quarter.
The Misery Index, as calculated by the Center for Economic Development and Business Research (CEDBR), includes the following components:
Read the complete third quarter report.
WSU's Center for Entrepreneurship and Meritrust Credit Union present the 2015-2016 Business Booster Series. Formulated for the self-made business owner and fortified with the knowledge of fellow business mavericks, these three-hour workshops are a fast-acting dose of practical know-how you can immediately put to use to beef up your business' bottom line.
Supercharge your success. Make your reservations today by calling (316) 978-3000 or visit www.wichita.edu/BusinessBooster to learn more.
Questions? Please contact Wendy Veatch, Director of Outreach Programming, at (316) 978-5219 or Wendy.Veatch@wichita.edu.
Center for Economic Development and Business Research
2nd Floor, Devlin Hall
Wichita, KS 67260-0121
Phone: (316) 978-3225
FAX: (316) 978-3950
CEDBR has conducted a study to estimate the skill level of the employed workforce in the Wichita MSA and other MSAs. Data on the skill and knowledge levels required to perform various occupations will be provided in the following series of eConnection articles:
High-Level Skills in the Wichita Workforce
High-Level Engineering Skills for Aviation Manufacturing Communities
Aerospace Production Skills in Aerospace Manufacturing Communities (April 2015)
High-Level Information Technology Skills in Midwestern Communities (May 2015)
Health Care Practitioners' Skills in Midwestern Communities (June 2015)
Experts Agree: The Manufacturing Economy is the Tech Economy, Industry Week, March 2015
The U.S. Cities Where It Takes the Longest to Be Able to Afford to Buy a Home, CityLab, March 2015
Volunteering in 2014, Bureau of Labor Statitics, February 2015
200 Years of Immigration to the U.S., Visualized, Washington Post, March 2015
The Skills Gap: America's Young Workers Are Lagging Behind, The Atlantic, February 2015
Upcoming Data Webcast Offered by CEDBR
2014, 4th Quarter Industry News and Developments
WSU Faculty Research: The Role of Financial Markets in Determining Physical Oil Prices
Therapy Employment Trends
General Aviation Manufacturing Trends
Physical Therapy Employment Trends
County Employment-Population Ratios Across Kansas
Physicians and Physician Assistants Employment Trends
Industry Performance Examined in Slide Presentation
Current Index Improved Slightly Between October and November
Measuring Economic Diversification
Serving the Community Well: The Economic Impact of Wichita's Health Care and Related Industries
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