Employment-Population Ratio Peer Cities, Updated 2016 Data
The employment-population ratio is a measure of labor market strength; it is calculated by dividing the number of employed workers in an area by the total civilian non-institutionalized population aged 16 and over in that region. This is often used alongside the unemployment rate in determining the strength of the labor market.
All five counties experienced a decline in their employment-population ratios in both the 2001 and 2008 recessions. In the 2001 recession, Kent County, Michigan, experienced the largest drop in its employment-population ratio, while in the 2008 recession, Summit County, Ohio, had the largest drop in the employment-population ratio. The average decline in the employment-population ratio among these counties due to the 2008 recession was roughly seven percentage points.
Midwest Inflation Declined for Metro Areas from November to December
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 December 2017 data shows the Midwest inflation rate decreased slightly from November to December for urban metro areas. The smaller non-metropolitan areas noticed a 0.20 percent increase.
The Producer Price Index data shows that prices in the United States have increased from December 2016 to December 2017 for aircraft (0.9 percent), slaughter livestock (7.5 percent), crude petroleum (14.5 percent), wheat (12.6 percent) and sorghum (13.6 percent). During that same time period, the index decreased for natural gas (-9.8 percent).
The information sector includes media publishers, radio and television broadcasters, telecommunications carriers, and other information-related businesses. Employment in this sector has been declining in Kansas since it peaked in 2001 with 50,000 employees.
Telecommunications which is the largest subsector has declined from a peak of 30,000 worker in Kansas to 8,500 workers by the end of 2016. The non internet publishing sector also declined from a 12,000 workers in 2001 to only 5,000 in June 2017. Interent publishing is however a bright spot in the information sector with growth from 100 workers in 2007 to almost 800 workers in 2016, a growth rate twice the national average.
The motion picture and sound recording industry, which consists mostly of movie theaters, remained stable with roughly the same number of employees in 2016 as in 2005. Non-internet broadcasting also declined roughly 40 percent from 2001 to 2016.
CEDBR conducts research on Kansas' retail and service sector gaps, as part of this research CEDBR has analyzed sales in the accounting services sector in every county throughout Kansas. The gap analysis produces a ratio by dividing accounting services sales in one county by population-adjusted accounting services sales in peer counties. If this ratio is larger than 100 it indicates a county has more accounting services sales than their peers, if the ratio is smaller than 100 they have fewer sales than their peers.
Johnson County and Sedgwick County have the highest overall accounting services employment. Chautauqua, Wallace, and Marshall Counties had the highest peer sales ratios with each county's estimated population-adjusted sales almost five times their peers counties.
From October to November 2017, both the WSU Current and Leading Indices decreased slightly.
The Midwest inflation rate in metropolitan areas decreased, while the United States' inflation rate increased from November to December 2017.
The unemployment rate for Kansas, as a whole, saw a decrease from October 2017 to November 2017. The Wichita (0.3), Topeka (0.3), Manhattan (0.3) and Lawrence (0.3) MSAs all had an increase in the unemployment rate.
Current Unemployment Rate
#Kansas is expected to see some growth in 2018, adding just over 2,000 jobs.
Center for Economic Development and Business Research
1845 Fairmount | Wichita, KS 67260-0121 | Phone: (316) 978-3225 | FAX: (316) 978-3950 | CEDBR@wichita.edu
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