The legal services sector includes offices of certified public accountants, tax preparation services, billing services, payroll services, and other accountants’ offices. CEDBR, as part of research on Kansas’ retail and service sector gaps, has analyzed sales in the accounting services sector in every county throughout Kansas.

  • Total accounting services employment in Kansas was approximately 6,900 in 2013, with employment of 10 in the median county in the state in this sector. Johnson County, Sedgwick County, and Shawnee County had the highest total employment and sales in the sector in the state.
     
  • 43 Kansas counties had a peer sales ratio between 50 and 150 percent for the accounting services sector, while 42 had a peer sales ratio less than 50 percent. This suggests that the accounting services sector is relatively concentrated in Kansas, with a small number of counties having an outsized number of accountants and related services relative to the rest of the state. 32 Kansas counties had five or fewer workers in this sector in 2013.

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  • Kansas Economy Data Website

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Unemployment Rate Declined in April 2018

EmploymentThe unemployment rate for Kansas, as a whole, decreased from March 2018 to April. The Wichita, Topeka, Manhattan and Lawrence MSAs also saw an unemployment rate decrease.

A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.

View the April slide presentation.

Manufacturing Employment

InflationOverall Kansas manufacturing employment has declined in recent years, most recently decreasing by 900 jobs in the 2016 year and 1,600 jobs for 2017. The highest level for manufacturing jobs over the past decade was in 2008 which was 185,300, which was also a 700 job increase from the 184,700 jobs in 2007

Since 2014 there has been a decrease of manufacturing jobs each year, leading to 158,800 jobs for 2017.

Read the Full Industry Analysis

                                     

Unemployment Rates Declined from November to December 2017

EmploymentThe unemployment rate for Kansas, as a whole, decreased from November 2017 to December 2017. The Wichita, Topeka, Manhattan and Lawrence MSAs also saw an unemployment rate decrease.

A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.

View the December slide presentation.

Updated Kansas Services & Retail Gap Analysis

Retail and Services KansasRetail sales and professional and business services are an important part of the local economies of every county throughout Kansas. CEDBR has updated its service and retail gap analysis for every county in Kansas, comparing the retail sales and employment, as well as sales and employment of the professional, scientific, technical, and other services sectors in each county to their peer counties in Kansas.

Read the Services Analysis Summary.

Read the Retail Analysis Summary.

Stock Market Forecast Results

The contestants in CEDBR’s S&P 500 Prediction Challenge each gave a prediction for the value of the S&P 500 stock market index on August 31st, 2018.  As of November 5th, the closing date for entries into the Challenge, the S&P 500 index was valued at 2,587.  The median prediction among the contestants for the S&P 500 Index is 2,663.58 points.  On average, contestants predicted that the S&P 500 will increase by 3 percent over the next ten months, after the index increased by 14.6 percent this year to date.

Approximately 60 percent of the contestants predicted that the stock market would increase in 2018 over its November 2017 value.  Many of their predictions were more bullish than major analysts forecast for 2018.  Recently, analysts at Wells Fargo, Goldman Sachs, and Citigroup forecast the S&P 500 to reach 2,500 points, 2,600 points, and 2,675 points, respectively, in 2018. The Federal Reserve Board has forecast continued economic growth in 2018, with modest inflationary expectations and a half point increase in the Federal Funds rate projected.

See results at www.KansasEconomy.org

Kansas Population Forecast: U.S. Comparison

The U.S. Census Bureau has published their population projections for the entire United States from 2015 to 2060 , and they project that the United States population will grow from 321.4 million to 416.8 million in that period. This represents 29.6 percent growth for the U.S. population, which is projected to expand more rapidly than the Kansas population.

Both the Kansas and the U.S. populations are projected to have positive growth rates throughout this period, with growth generally slowing over much of this period as well.

Read the complete article.
 

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