Transportation and warehousing employment has risen sharply in Kansas in the past two years after remaining relatively flat for much of the last decade. Since 2015, the sector added almost 6,000 new jobs, a 13.3 percent increase. The vast majority of this increase occurred in the warehousing and storage subsector, which increased from 20.4 to 27.2 percent of the total transportation and warehousing employment during that period. The single largest transportation subsector in Kansas is truck transportation, which employed more than 17,000 workers in Kansas in 2017.
In Kansas, health care and social assistance employment has grown consistently in the past two decades as medical technology and access continue to increase. Growth has slowed somewhat in the past couple of years, and in 2017, employment grew by 0.3 percent, with approximately 600 jobs added. In 2015, the fastest growing year for the sector in a decade, the sector added 5,000 jobs.
Finance and Insurance Industry News and Developments
The finance and insurance industry grew its employment by 400 jobs in 2017, a 0.7 percent increase compared to 2016. This growth was concentrated in the bank and other credit intermediation subsector, which added more than 600 jobs, while the insurance portion of the sector experienced its second consecutive year of job losses in 2017. Since 2010, the sector has added more than 4,000 jobs, primarily in the credit intermediation subsector, though all finance and insurance subsectors added jobs over that period.
From August 2018 to September 2018, the WSU Current and Leading Indices both increased
The U.S. inflation rate increased from September to October 2018 while the Midwest rate decreased over the same period.
The unemployment rate for Kansas, as a whole, increased from September to October 2018, Lawrence and Wichita remained flat while Topeka and Manhattan both increased slightly.
Current Unemployment Rate
The Kansas City Fed analyzed the fiscal status of states in their latest edition of The Macro Bulletin. A summary of their findings is below, click the link to read the full story.
Overall rainy day and unemployment insurance funds have largely recovered since the start of the Great Recession but at an uneven pace across states. More importantly, we find that states are better prepared to meet their own budgetary shortfalls in the event of a downturn than the shortfalls of households