In the last decade, as the chart indicates, general aviation shipments manufactured in the Wichita metropolitan area averaged 25.3 percent of the overall U.S. general aviation shipments. Although Wichita’s aircraft manufacturing industry experienced a significant downturn during the most recent recession, losing 13,400 aerospace product and parts manufacturing (APPM) employees, the percentage of U.S. general aviation shipments delivered from Wichita has continued to be higher than pre-recession levels.
Smith County and Kiowa County are the Kansas counties with the highest peer sales ratio for management services, with sales over ten times as high as the average of their peer counties.
The Council for Community and Economic Research released the third quarter Cost of Living Index for 261 urban areas. Wichita’s overall Index value was nearly 9 percent below the national average 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 McAllen, Texas, which was more than 23 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.
The unemployment rate for Kansas, as a whole, decreased slightly from October 2016 to November 2016. The Wichita and Topeka MSAs saw a decrease in unemployment by 0.3 and 0.2 percentage points respectively. The unemployment rate in both Manhattan and Lawrence remained constant.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
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 November 2016 data shows the Midwest inflation rate increased from October to November. While the urban metropolitan areas noticed a 0.37% increase, the non-metropolitan urban areas saw a smaller increase of 0.30%.
The Producer Price Index data shows that prices in the United States have increased from November 2015 to November 2016 for aircraft (0.9 percent), crude petroleum (4.1 percent), and natural gas (28.9 percent). During that same time period, the index decreased slaughter livestock (-19.0 percent), sorghum (-15.6 percent) and wheat (-17.4 percent).
From September to October, the WSU Current Conditions Index decreased by 0.3 percent. The Current Conditions Index increased year-to-year by 0.4 percent from September 2015 to October 2016. In addition, the Leading Index is forecasting a 0.11 percent decrease in economic activity over the next six months.
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.
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 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.