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    May 2013

Planting seeds for employment growth

After topping the 1 million mark in February, Kansas City area employment fell to 996,700 in March. The regional unemployment rate stayed level at 6.6 percent.

Employment data shows us what has happened in the past, but the big Kansas City employment news is what's ahead. In late April, Ford announced that 900 new jobs are coming to its Claycomo plant.

Adding 900 new jobs is significant in and of itself, but there is even better news beneath the surface of this announcement.

Not too long ago, General Motors announced a major reinvestment in its Fairfax plant. When both the GM and Ford investments are completed, the two plants will directly employ approximately 8,000 workers. That word "directly" is key. The indirect impact will be even greater.

Manufacturing jobs beget other jobs. Large manufacturers like Ford and GM need a constant supply of materials that go into their products. And suppliers can benefit greatly by locating closer to their large customers. Because of this, the manufacturing industry has a large multiplier effect. One new manufacturing job can generate an additional 3.5 additional jobs elsewhere in the economy — everything from other manufacturers in the supply chain to indirect industries like health, education or retail.

We will not see the fruits of these new job announcements immediately. It will take time for Ford and GM to get up to capacity and for the full job impact to work its way through the economy. But these companies are planting the seeds that will bear fruit in our local employment picture in the years to come.

Upcoming Events

KC Manufacturing and Education Best Practices Tour
June 4, 10 a.m., North Kansas City

Regional Workforce Intelligence Network
June 5, 10 a.m., MARC offices

Regional Green Jobs Task Force
July 23, 10 a.m., MARC offices

About RWIN

MARC developed the Regional Workforce Intelligence Network to encourage greater collaboration among the region's workforce data and information professionals. RWIN is a collaboration of economic development professionals, one-stop centers, workforce centers, community colleges and universities that meets on a monthly basis. For more information, visit kcworkforce.com.

 


Funding provided by an
America Works Initiative grant
from the Walmart Foundation

 

THE LATEST METRO DATA

SEASONALLY ADJUSTED EMPLOYMENT
[The number of people currently employed full or part time. It is not a count of jobs, as an employed person may have more than one job. Current Employment Statistics data.]

Employment dropped by 3,600 in March, but remains above last year's level.

UNEMPLOYMENT RATE
[The number of unemployed as a percent of the total labor force.]

The seasonally adjusted unemployment rate held steady at 6.6 percent for the second month in a row.

COMPARISON TO PEER METROS
At 6.3 percent, Kansas City's unemployment rate remains firmly in the middle of our peer metros.

JOB POSTINGS
Job postings are down from the beginnning of the year, but they remain steady at just under 13,000 per month.

New infographic: Employment change
by industry

Our latest infographic illustrates year-over-year employment change by industry in the Kansas City metro area.

Blog examines employment data by gender, race and education.

Our KCEconomy blog often delves deeper into data to look for trends in employment.

Recently, we followed up on a popular post from last August about occupations by gender (Are nurses from Venus and Engineers from Mars?)to see what other factors might affect employment opportunity.

In early April, we examined employment trends by gender and race, and found a significant connection with earnings. For example, eight of the top 10 occupations that are disproportionately held by minorities have median earnings below the overall median.

On April 26, we took this analysis a step further: Is it really race or gender that drives these discrepancies, or does it have more to do with educational attainment?

Follow our blog for more analysis of workforce data and other topics that impact the Kansas City regional economy.

 

 

 

Mid-America Regional Council | 600 Broadway, Suite 200 | Kansas City, MO 64105 | Ph. 816-474-4240 | marcinfo@marc.org
Data sources: Kansas Department of Labor, Missouri Economic Research and Information Center (MERIC), The Conference Board and Wanted Analytics.
Regional data includes Franklin, Johnson, Leavenworth, Linn, Miami and Wyandotte counties in Kansas and Bates, Caldwell, Cass, Clay, Clinton, Jackson,
Lafayette, Platte and Ray counties in Missouri.

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