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 second and third quarters of 2016, the general level of misery experienced by people in the United States increased, but remains 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 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
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.
From August to September, the WSU Current Conditions Index decreased by 0.5 percent. The Current Conditions Index increased year-to-year by 0.6 percent from August 2015 to September 2016. In addition, the Leading Index is forecasting a 0.54 percent decrease in economic activity over the next six months.
The unemployment rate for Kansas, as a whole, saw no change from September 2016 to October 2016. The Wichita, Topeka, and Manhattan MSAs had no change in the unemployment rate. Lawrence did see a slight decrease of 0.1 percentage points.
A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
Midwest Annual Inflation Rates Rising, October 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 October 2016 data shows the Midwest inflation rate increased from September to October. While the urban metropolitan areas noticed a 0.24% increase, the non-metropolitan urban areas saw a smaller increase of 0.13%.
The Producer Price Index data shows that prices in the United States have increased from October 2015 to October 2016 for aircraft (0.9 percent), crude petroleum (5.6 percent), and natural gas (9.0 percent). During that same time period, the index decreased slaughter livestock (-27.2 percent), sorghum (-24.0 percent) and wheat (-24.4 percent).
Center for Economic Development and Business Research
Wichita, KS 67260-0121
Phone: (316) 978-3225
FAX: (316) 978-3950
County-level data now available on KansasEconomy.org!
We have expanded upon our new economic data website, KansasEconomy.org, to now include data for all 105 Kansas counties. This county-level data includes labor force trends, industry employment, and taxable retail sales.