Join us Thursday, October 6th, from 7:30 a.m. to 11:30 a.m., at the Century II Convention Center, for the 37th Annual Kansas Economic Outlook Conference!
The purpose of the conference is to provide insight into current local and national economies, addressing topics of interest to the community, region and state. A combination of nationally known speakers and local experts will be on hand to provide perspectives on issues affecting business, industry, education and government.
Income Inequality (2010-2014)
Income inequality has increased in the Wichita area between 2010 and 2014. Mostly attributable to a shift in income away from the lowest income households to middle class households. Although there has been an increase in income inequality in Wichita, income inequality in Wichita remains below the levels in the United States, Kansas and many other metropolitan areas.
Midwest Annual Inflation Rates Increase February 2016 to March 2016
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 March 2016 data shows the Midwest inflation rate increased from February to March in urban metros and in non-metro areas.
The Producer Price Index data shows that prices in the United States have increased from March 2015 to March 2016 for aircraft (0.7 percent). During that same time period, the index decreased crude petroleum (-25.8 percent), natural gas (-39.8 percent), slaughter livestock (-9.8 percent), sorghum (-32.4 percent) and wheat (-17.9 percent).
The unemployment rate for Kansas, as a whole, decreased by 0.2 percentage points from February of 2016 to March of 2016. Topeka had the largest decrease, dropping by 0.4 percentage points, while Manhattan followed with a decrease of 0.2 percentage points, and Lawrence and Wichita seeing a mutual decrease of 0.1 percentage points.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
The state of Kansas population is projected to have an average annual growth rate of 0.4 percent over the 50 years forecasted. Within the projections, the Kansas population older than 65 years old is projected to grow at a considerably faster rate than the population as a whole, expanding from 415,823 to 856,389, a 106 percent increase.
For the over 65 population, average annual growth for Kansas is projected to be 1.5 percent over the 50 years forecasted. Over the fifty year period, that population growth rate is forecast to vary substantially, from a peak growth rate of 3.6 in 2019 to a low of 0.5 percent annual growth in 2044.
Current and Leading Indices Improve, February 2016
From January to February, the WSU Current Conditions Index improved by 0.6 percent and, after declining at the end of the year, the Leading Index increased 0.6 percent. The Current Conditions Index increased year-to-year by 0.6 percent, with the Leading Index dropping 0.2 percent from January 2015 to February 2016. In addition, the Leading Index is forecasting a 0.57 percent decrease in economic activity over the next six months.
Center for Economic Development and Business Research
Wichita, KS 67260-0121
Phone: (316) 978-3225
FAX: (316) 978-3950
2016 WIRE EVENT - WRAP-UP
"LOVED the information. It was great to learn that others are brainstorming and working on a solution for restoring my hometown of Wichita."
"It was all fabulous, insightful, enlightening!"
"Thank you for this opportunity to reconnect to the acadmenic community and this important endeavor."
CEDBR held the second Wichita Industry Research Exchange on Thursday, April 28th. The event highlighted issues related to Entrepreneurship in Wichita and across the state.