The Wichita Area Economic Outlook Conference is set for the morning of Thursday, October 1. National speakers and local panelists will address the U.S. global economy, business creation, commercial real estate, the state and local economies, and local industry.
Register before September 11 to pay the early bird price. Visit www.agenda.cedbr.org or call (316) 978-3225 to register.
There was an average of 15,269 unemployed people in the Wichita metropolitan area in the second quarter of 2015, approximately 57 percent of whom collected unemployment insurance benefits. In the second quarter of 2015 there were approximately 8,637 people, age 16 and over, who collected unemployment insurance benefits. That is an increase of approximately 13 percent from the first quarter.
Read the full report on the demographic profile of Wichita unemployment insurance beneficiaries.
In the second quarter of 2015, three industries accounted for 49.6 percent of unemployment insurance beneficiaries in the Wichita area; construction, manufacturing, and administrative and support and waste management and remediation services. Three industries, construction, administrative and support and waste management and remediation services, and transportation and warehousing had a proportionately high level of unemployment insurance, when compared to area employment.
Across the metropolitan area the zip codes with the highest numbers of unemployment insurance beneficiaries in the second quarter were in downtown Wichita. The zip codes with the highest numbers of unemployment insurance beneficiaries are generally the zip codes with the highest number of workers.
Read the full report on the industry and geography profile of Wichita unemployment insurance beneficiaries.
Review major industry announcements by industry sector from 2015 and an overview of statistical trends within each sector for the first quarter. Industry news is presented for industries such as mining and construction, manufacturing, wholesale and retail trade, transportation, information services, and leisure and hospitality, among others.
Access the full report.
Access the industry employment slides.
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 July 2015 data shows the Midwest inflation rate increased from June to July in urban metros and non-metro areas.
The Producer Price Index data shows that prices in the United States have increased from July 2014 to July 2015 for aircraft (0.9 percent) and sorghum (20.9 percent). During that same time period, the index decreased for crude petroleum (48.4 percent), natural gas (38.9 percent), slaughter livestock (14.0 percent), and wheat (11.1 percent).
Access this slide presentation.
Learn more about the CPI.
Learn more about the PPI.
Between the first and second quarters of 2015 the general level of misery experienced by people in the United States decreased. This can be attributed to a small decrease in the unemployment rate, low levels of inflation and increases in housing prices. The level of misery in Kansas increased slightly between the first and second quarters, mostly attributed to a small increase in the quarterly average unemployment rate.
The Misery Index, as calculated by the Center for Economic Development and Business Research (CEDBR), includes the following components:
Read the complete second quarter report.
The unemployment rate for Kansas, as a whole, increased by 0.4 percentage points from June to July of 2015. The Wichita, Topeka, Manhattan and Lawrence MSAs all experienced similar unemployment rate increases for that same period, increasing by 0.5 percentage points in Wichita, 0.4 percentage points in Topeka and Lawrence, and 0.3 percentage points in Manhattan.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
View the July slide presentation.
View the June slide presentation.
From May to June, the WSU Current Conditions Index and the Leading Index both decreased 0.4 percent. The Current Conditions Index increased 0.4 percent from June 2013 to June 2014 and the Leading Conditions Index decreased 0.3 percent during that same period. In addition, the Leading Index is forecasting a 0.31 percent decrease in economic activity over the next six months.
Read a further analysis of the monthly Index activity.
WSU's Center for Entrepreneurship and Meritrust Credit Union present the fall 2015 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
Wichita, KS 67260-0121
Phone: (316) 978-3225
FAX: (316) 978-3950
The Center for International Business Advancement-World Trade Council of Wichita (CIBA-WTCouncil) has announced an upcoming reception, banquet and speaker program on October 22, 2015. Dr. John W. Bardo, president of Wichita State University, will be speaking on Wichita State University's Innovation Campus as a catalyst for Kansas.Read more and R.S.V.P.
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
High-Level Information Technology Skills in Midwestern Communities
Health Care Practitioners' Skills in Midwestern Communities
How improving education could pay off in economic growth, Brookings, August 2015
Where young people found work this summer, Governing.com, August 2015
The unpredictable path to regional growth, Brookings, August 2015
American Community Survey: Commuting Patterns, U.S. Census Bureau, August 2015
Speakers Announced for 2015 Wichita Economic Outlook Conference
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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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