Registration is now open for our fall Regional Economic Outlook Conferences. The purpose of these conferences is to provide insight into current local and national economies, addressing topics of interest to the community, region, and state. A combination of state and local experts will be on hand to provide perspectives on issues affecting business, industry, education, and government. Dates and registration links are below:
The florist sector includes establishments that primarily sell cut flowers, floral arrangements, and potted plants purchased from others. CEDBR, as part of research on Kansas’ retail and service sector gaps, has analyzed sales in the florist sector in every county throughout Kansas. Below is a map of the florist sales peer ratio for every Kansas county.
The ratio is constructed as the total florist sales in each county, divided by the average florist sales of their peer counties, in terms of population. A ratio larger than 100 indicates that a county has more florist sector sales than its peers, while a ratio less than 100 indicates that a county has less florist sector sales than its peers.
The Cost of Living Index, from The Council for Community and Economic Research (C2ER), measures regional differences in the cost of consumer goods and services, excluding taxes and non-consumer expenditures, for professional and managerial households in the top income quintile. This index includes more than 90,000 prices covering 60 different items collected each quarter. The index measures the relative price levels in participating areas. The average for all participating places equals 100, and each area's index is a percentage of the average for all areas.
One of the index components measures the relative price of transportation between areas. The majority of the areas included in the index, 58 percent, had transportation prices below the national average in 2017. The three Kansas metropolitan areas included in the index, averaged 7 percent below the national average when weighted by population.
The other services sector employment composition is comprised of nine categories. Automotive repair and maintenance is the largest subsector, employing 23 percent of the other services sector. The second and third largest subsectors are personal care services and professional and similar organizations, which employee 18 and 12 percent of jobs in the sector, respectively. The other main subsectors are: death care, dry cleaning and laundry, civic and social organizations, commercial machinery repair and maintenance, and other services. These subsectors comprise 32 percent of total jobs in the subsector, while all other subsectors comprise 15 percent.
CEDBR continues its series of industry analyses with a full analysis of the Other Services sector.
From March 2018 to April 2018, the WSU Current and Leading Indices stayed flat
The U.S. and Midwest inflation rates both increased from April 2018 to May 2018
The unemployment rate for Kansas, as a whole, increased slightly from April 2018 to May 2018. The state of Kansas and Topeka unemployment rates both increased by .1 percent, while the rest of the state's metropolitan areas remained flat.
Current Unemployment Rate
The Federal Reserve released their report on the economic well-being of US households. 74 percent of adults said they were either doing okay or living comfortably in 2017, 10 percentage points more than the first survey in 2013.