Registration is now open for the 38th Annual Kansas Economic Outlook Conference, which will be held at Wichita's INTRUST Bank Arena on Thursday, October, 5, 2017 from 7:30 to 11:30 AM. Speakers and topics will be announced this summer.
The purpose of the conference is to provide insight into current local, state, and national economies, addressing topics of interest to the community. A combination of nationally known speakers and local experts will be on hand to provide perspectives on issues affecting business, industry, education and government. The event attracts around 700 to 800 regional business professionals each year.
Kansas Manufacturing: Fabricated Metal Product Manufacturing
Industries in the fabricated metal product manufacturing subsector transform metal into intermediate or end products, other than machinery, computers and electronics, and metal furniture. The establishments in this subsector further fabricate the purchased metal shapes into a product.
In Kansas, fabricated metal product manufacturing is a low wage industry with moderate employment growth. More than half of the establishments in this industry have between 50 and 250 employees. Over the past decade employment in this industry has averaged just below 15,000 workers.
Between the fourth quarter of 2016 and first quarter of 2017, the general level of misery experienced by people in the United States and Kansas increased but remained below the 2016 level. This can be attributed to a small decrease in housing prices, increased inflation, and an increase in the unemployment rate.
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 (CPI) from the Bureau of Labor Statistics
The House Price Index (HPI) from the Federal Housing Finance Agency
Unemployment Rates (UR) from the Bureau of Labor Statistics
Profile of Unemployment Insurance Beneficiaries in Wichita, 1st Quarter 2017
There was an average of 13,872 unemployed people in the Wichita metropolitan area in the first quarter of 2017, approximately 41 percent of whom collected unemployment insurance benefits. In the first quarter of 2017, there were approximately 5,692 people, age 16 and over, who collected unemployment insurance benefits. That is a decrease of approximately 16 percent from the fourth quarter of 2016.
In the first quarter of 2017, there were approximately 5,692 people, age 16 and over, who collected unemployment insurance benefits. That is a decrease of approximately 16 percent from the fourth quarter of 2016.
February 2017 to March 2017, Current & Leading Indices increased.
The U.S. & Midwest inflation rates both increased from March to April 2017.
The unemployment rate for Kansas, as a whole, decreased from March 2017 to April 2017. The Wichita and Topeka MSAs noticed a slight decrease of 0.1 percentage points, while the Lawrence and Manhattan MSAs saw no change.
Current Unemployment Rate
Center for Economic Development and Business Research
1845 Fairmount | Wichita, KS 67260-0121 | Phone: (316) 978-3225 | FAX: (316) 978-3950 | CEDBR@wichita.edu