Employment grew in almost all sectors across the Kansas economy in 2018, leading to total nonfarm employment growth of 0.9 percent. This was a sizable improvement in employment compared to the near-zero employment growth statewide in 2016 and 2017. In 2018, the Kansas economy added more new jobs than in the previous three years combined. Kansas’ unemployment rate continued its eight year decline in 2018, reaching 3.4 percent, its lowest level since 1999. Initial unemployment insurance claims in Kansas reached their lowest level in more than 30 years in 2018, another sign of a tight labor market and growing economy. Nationally, the unemployment rate also continued its decline in 2018 to 3.9 percent.
In Kansas, the economy is expected to add more than 12,000 new jobs in 2019 as employment grows by 0.9 percent. The production and service sectors are forecast to lead growth, while growth is the trade transportation and utilities sector and government sector are projected to be more modest
The Council for Community and Economic Research released its annual Cost of Living Index for 270 urban areas. Wichita’s overall Index value was 31.3 percentage points below the national average value of 100. The most expensive urban area in which to live was New York (Manhattan), N.Y., with an Index value more than twice that of the national average. The least expensive urban area was Kalamazoo, MI which was nearly 43 percent below the national average.
To subscribe to the Cost of Living Index report, or to learn more about The Council for Community and Economic Research, visit their website.
From January 2019 to February 2019, the WSU Current Index and WSU Leading Index both increased.
The Midwest. inflation rate Increased from February 2019 to March 2019 while US PPI also increased over the same period.
The unemployment rate for Kansas, as a whole, remained the same from February to March 2019. Wichita remained the same. While Manhattan, Topeka, and Lawrence all decreased over the same period.
Current Unemployment Rate
In March, 41 metropolitan areas had over-the-year increases in nonfarm payroll employment and 348 were essentially unchanged. The largest over-the-year percentage gains in employment occurred in Atlantic City-Hammonton, New Jersey, and Reno, Nevada (+5.8 percent each).
Center for Economic Development and Business Research
1845 Fairmount | Wichita, KS 67260-0121 | Phone: (316) 978-3225 | FAX: (316) 978-3950 | CEDBR@wichita.edu
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