The unemployment rate for Kansas, as a whole, rose by 0.8 percentage points from May of 2016 to June of 2016. Lawrence and Manhattan saw the largest increase, rising by 1.0 percentage points, while Wichita and Topeka followed suit with an increase of 0.9 and 0.7 percentage points respectively.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
Professional and business services are an integral part of the modern economy. CEDBR has conducted a service gap analysis for every county in Kansas, comparing the sales and employment of the professional, scientific, technical, and other services sectors in each county to their peer counties in Kansas.
The Kansas counties with the highest ratios of total services sales to their peers were Marshall County and Osborne County.
The counties with the lowest ratios were Leavenworth County and McPherson County.
Retail sales are an important part of the local economies of every county throughout Kansas. CEDBR has conducted a retail gap analysis for every county in Kansas, comparing the retail sales and employment in each county to their peer counties in Kansas.
24 Kansas counties had retail sales between 75 and 100 percent of the average level of their peers, and 16 Kansas counties had retail sales between 100 and 125 percent of the average level of their peers.
General merchandise stores include department stores, supercenters, warehouse clubs, and other establishments specializing in the sale of a general line of retail goods. These stores are an important part of the retail economy in many Kansas communities.
Fourteen Kansas counties were identified as not having any establishments classified as general merchandise in the dataset, which could indicate either a lack of general merchandise stores in those areas, or establishments classified in another retail business sector also sell general merchandise in those areas. Thirteen of these counties have a population less than 10,000 people.
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 June 2016 data shows the Midwest inflation rate saw an increase from May to June. While the urban metropolitan areas noticed a 0.76% increase, the non-metropolitan urban areas saw a smaller increase of 0.08%.
The Producer Price Index data shows that prices in the United States have increased from June 2015 to June 2016 for aircraft (0.9 percent). During that same time period, the index decreased crude petroleum (-20.3 percent), natural gas (-31.5 percent), slaughter livestock (-16.4 percent), sorghum (-8.7 percent) and wheat (-20.7 percent).
From April to May, the WSU Current Conditions Index improved by 0.6 percent. The Current Conditions Index increased year-to-year by 1.2 percent from April 2015 to May 2016.
The WSU Leading Index will be delayed due to the referendum in the United Kingdom. It is anticipated the data will be available again in September. The WSU Leading Index will be available again at that time.
The employment-population ratio is a measure of labor market strength. This is often used alongside the unemployment rate in determining the strength of the labor market.
Following the 2008 national recession, the employment-population ratio continued to decline at the U.S., Kansas, and Sedgwick County levels until the ratio reached its trough in 2014. Sedgwick County experienced a larger decline in its employment-population ratio than Kansas or the U.S. did, with a drop of 8.9 percentage points from 2008 to 2014.
The employment-population ratio has varied significantly across different areas in Kansas over the last fourteen years. Some counties have seen sharp declines, while others have been slowly growing.
Outside of the major population centers, Kansas has maintained a largely constant employment-population ratio since the recession. The level of the ratio is very similar to the pre-recessionary period from 2002 to 2005. From 2005 to 2008 the employment-population ratio rose, and then following the recession it returned to the 2002 to 2005 level.
Center for Economic Development and Business Research
Wichita, KS 67260-0121
Phone: (316) 978-3225
FAX: (316) 978-3950
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.