The auto dealership retail sector includes dealerships selling new and used automobiles, as well as the dealers of other motor vehicles such as recreational vehicles, motorcycles, boats, and all-terrain vehicles. CEDBR, as part of research on Kansas’ retail sector gaps, has analyzed sales in the auto dealership retail sector in every county throughout Kansas.
Eleven Kansas counties were identified as not having any establishments classified as auto dealerships in the dataset, which could indicate either a lack of auto dealerships in those areas, or establishments classified in another retail business sector also selling automobiles or other motor vehicles in those areas. All of these counties have a population less than 10,000 people.
The youth population of the state, which includes all Kansans under the age of 18, is forecast to grow much more slowly over this period, growing from 724,437 to 735,508, a 1.5 percent increase. The over 65 population is projected to grow rapidly in Kansas, and the working age population is also projected to grow faster than the youth population.
While the overall growth in the youth population is expected to be very modest, some portions of the state are projected to have a faster growing youth population than others.
The unemployment rate for Kansas, as a whole, saw no change from September 2016 to October 2016. The Wichita, Topeka, and Manhattan MSAs had no change in the unemployment rate. Lawrence did see a slight decrease of 0.1 percentage points.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
Between the first and second quarters of 2016, the general level of misery experienced by people in the United States increased, but remains well below the 2015 level. This can be attributed to an increase in the unemployment rate, low levels of inflation and a decrease in housing prices. The level of misery in Kansas also increased between the second and third quarters and is somewhat above the 2015 level.
Within each of the metropolitan areas in Kansas, the level of misery is mixed.
The Misery Index, as calculated by the Center for Economic Development and Business Research (CEDBR), includes the following components:
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 October 2016 data shows the Midwest inflation rate increased from September to October. While the urban metropolitan areas noticed a 0.24% increase, the non-metropolitan urban areas saw a smaller increase of 0.13%.
The Producer Price Index data shows that prices in the United States have increased from October 2015 to October 2016 for aircraft (0.9 percent), crude petroleum (5.6 percent), and natural gas (9.0 percent). During that same time period, the index decreased slaughter livestock (-27.2 percent), sorghum (-24.0 percent) and wheat (-24.4 percent).
From August to September, the WSU Current Conditions Index decreased by 0.5 percent. The Current Conditions Index increased year-to-year by 0.6 percent from August 2015 to September 2016. In addition, the Leading Index is forecasting a 0.54 percent decrease in economic activity over the next six months.
The Center for Economic Development and Business Research completed an economic impact study of health care and related industries in the Wichita metropolitan area. The study, prepared for and released by the Medical Society of Sedgwick County (MSSC), lists the healthcare and social assistance industry as second among the area’s top five industries.
The health and personal care stores retail sector includes pharmacies, drug stores, cosmetics stores, beauty supply shops, perfume stores, optical goods stores, and health supplements stores. These stores provide needed goods to many communities throughout Kansas.CEDBR, as part of research on Kansas’ retail sector gaps, has analyzed sales in the health and personal care store retail sector throughout Kansas.
55 Kansas counties had a peer sales ratio between 50 and 150 percent for the health and personal care stores sector, an indication of the relatively consistent level of health and personal care stores throughout the state. However, 29 counties had a peer sales ratio below 50 percent, suggesting that many Kansas counties are underserved in this sector relative to their peers.
The 2016 Kansas Economic Outlook Conference recordings are now available on CEDBR's YouTube channel. Click the image below.
The speakers' presentation slides are also available at www.eoc2016.cedbr.org.
Real gross domestic product by state and metropolitan area is a measure of the area’s production of goods and services. It represents the final market value, based on national prices, of all goods and services produced in the area in a given year.
Overall, the state of Kansas had an increase in Gross State Product between 2014 and 2015 of 0.2 percent. However, each of the metropolitan areas within the state had a different total growth rate in the production of goods and services.
The rural area of the state is defined as counties that are neither part of a Kansas metropolitan or micropolitan statistical area. Note that it does not include the small towns or countryside areas in counties that are part of a metropolitan or micropolitan statistical area.
In every region in Kansas, the rural counties are expected to have a declining population; however, the severity of the decline varies from region to region. The region with the smallest decline is projected to be the North Central region, which is expected to decline from 68,310 to 59,621 people over the forecast, a decline a 12.7 percent.
There was an average of 13,311 unemployed people in the Wichita metropolitan area in the first quarter of 2016, approximately 46 percent of whom collected unemployment insurance benefits.1 In the second quarter of 2016, there were approximately 6,120 people, age 16 and over, who collected unemployment insurance benefits. That is a decrease of approximately nine percent from the first quarter of 2016.
In the first quarter of 2016, four industries accounted for 56 percent of unemployment insurance beneficiaries in the Wichita area; manufacturing, construction, administrative and support and waste management and remediation services, and health care and social assistance. Of these industries, manufacturing and health care and social assistance have a proportionately low level of unemployment insurance beneficiaries, when compared to total employment. Construction and administrative and support services have a proportionately high level on unemployment insurance beneficiaries.