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.
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.
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.
Center for Economic Development and Business Research
Wichita, KS 67260-0121
Phone: (316) 978-3225
FAX: (316) 978-3950
Jeremy Hill named president
of the Association for University Business and Economic Research (AUBER).Click the news clip to learn more.
How Economic Development Incentives Hurt Small Businesses, CityLab, October, 2015
Rethinking college: Disruptive innovation, not reform, is needed, Brookings, October 2015
New Rules Will Improve Understanding of Costs, Benefits of Business Tax Incentives, The PEW Charitable Trusts, October 2015
Why fewer jobless Americans are counting on disability, Brookings, October 2015
Increased Gross State Product from 2013-2014
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Wichita's Grocery Index 6.1 Percent Below National Average, First Quarter 2015
Midwest Increase in Inflation Rates May to June 2015
April to May Unemployment Increased Across Kansas
Decrease in Indices from April to May 2015
Profile of Unemployment Insurance Beneficiaries in Wichita, 1st Quarter 2015
2015 First Quarter Wichita Industry News and Developments
County Employment-Population Ratios Across Kansas
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