The unemployment rate for Kansas, as a whole, increased by 0.3 percentage points from April of 2016 to May of 2016. The Lawrence, Manhattan, Topeka and Wichita MSAs saw the same increase of 0.3 percentage points over the same period.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
Daytime Population and Commuter Patterns for Kansas
Relative to population, there were few workers living or working in Kansas that crossed state borders in their daily commute. There were one percent more workers working in Kansas than living in Kansas. This was unchanged between 2010 and 2014. The commuters crossing state borders changed only slightly between 2010 and 2014, with very little change in worker retention.
From 2010 to 2014, the Topeka metropolitan area changes in commuting activity remained level, while all other Kansas metropolitan areas showed increases in commuting activity over this period.
The full report shows commuting patterns by income and industry for each Kansas metropolitan area.
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 May 2016 data shows the Midwest inflation rate saw both an increase and decrease from April to May. While the urban metropolitan areas noticed a 0.36% decrease, the non-metropolitan urban areas saw a 0.03% increase.
The Producer Price Index data shows that prices in the United States have increased from May 2015 to May 2016 for aircraft (0.9 percent). During that same time period, the index decreased crude petroleum (-32.8 percent), natural gas (-22.5 percent), slaughter livestock (-15.1 percent), sorghum (-19.4 percent) and wheat (-15.2 percent).
The Council for Community and Economic Research released the first quarter Cost of Living Index for 260 urban areas. Wichita’s overall Index value was nearly 7 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.
Current & Leading Indices Continue to Improve, April 2016
From March to April, the WSU Current Conditions Index improved by 0.6 percent, with the Leading Index seeing an improvement of 0.8 percent. The Current Conditions Index increased year-to-year by 0.8 percent, with the Leading Index increasing 0.5 percent from March 2015 to April 2016. In addition, the Leading Index is forecasting a 0.38 percent decrease in economic activity over the next six months.
DATA: How to Get It, Use It and Make Better Decisions
Looking for data for a business plan, expansion, or to market a new product? Learn to find data and interpret it using several private and public data resources.
Join us, July 13th & 14th, for our two-day webcast- Data: How to Get It, Use It, and Make Better Decisions.
Center for Economic Development and Business Research
Wichita, KS 67260-0121
Phone: (316) 978-3225
FAX: (316) 978-3950
CEDBR's director, Jeremy Hill, has been recognized in Ingram's Magazine among this year's "50 Kansans You Should Know."
Jeremy is honored to be included among so many influential community members, including two other Wichita State leaders, President John Bardo and WSU's Ennovar's Software Development Director, Kenton Hansen.
CEDBR would also like to congratulate several of our community partners and friends: Trish Brasted of Wichita Technology Corp., who served on a panel at last year's Economic Outlook Conference, Chris Goebel of Star Lumber & Supply, who has served on CEDBR's Wichita Economic Outlook Team for several years now, and Bob Litan of Korien Tillery, who served as a presenter at our recent Wichita Industry Research Exchange event.
For a glimpse into the region's economic future, business leaders turn to Wichita State University's Barton School of Business and Center for Economic Development and Business Research (CEDBR), founders of the Kansas Area Economic Outlook Conference.
The Annual Kansas Economic Outlook Conference is coming up October 6th, 2016, from 7:30am to 11:30am, at the Century II Convention Center.
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