January revisions to the 2017 Kansas and Wichita employment foreasts have been released.
Kansas total nonfarm employment is forecast to increase by 13,669 jobs and Wichita total nonfarm employment is forecast to increase by 2,906 jobs, both of these increases imply an anticipated growth rate of 1 percent.
The Council for Community and Economic Research released the third quarter Cost of Living Index for 261 urban areas. Wichita’s overall Index value was nearly 9 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.
Wichita General Aviation Shipments
In the last decade, as the chart indicates, general aviation shipments manufactured in the Wichita metropolitan area averaged 25.3 percent of the overall U.S. general aviation shipments. Although Wichita’s aircraft manufacturing industry experienced a significant downturn during the most recent recession, losing 13,400 aerospace product and parts manufacturing (APPM) employees, the percentage of U.S. general aviation shipments delivered from Wichita has continued to be higher than pre-recession levels.
From September to October, the WSU Current Indices decreased, while the Leading Indices increased slightly.
The U.S. and Midwest inflation rates both increased from October 2016 to November 2016.
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.
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