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    October 2013

Better late than never

The government shutdown delayed our flow of employment data, so we are just now catching up. This October edition showcases August data.

Seasonally adjusted employment data bumped up by 400 from July and is up 9,200 from one year earlier. Despite the increase, the regional unemployment rate ticked up from 6.7 percent to 6.8 percent. This means the labor force increased, which is, in itself, a positive development. We just need to boost employment growth a bit more so it outpaces labor force growth. Then we'll have growing employment AND lower unemployment rates.

Speaking of unemployment rates, Kansas City’s seasonally-adjusted 6.8 percent keeps it in a very familiar spot in the middle of its peer metros. The unadjusted rate was 7.5 percent.

Job posting activity was flat in August and is essentially at the same level it was in August 2012.

Upcoming Events

KCADC Annual Meeting
Nov. 8, 11 a.m., KC Convention Center. Details»

RWIN meeting
Dec. 4, 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.


 

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.]

Local employment remains solid, with 9,200 more jobs than one year ago.

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

The unemployment rate edged up slightly to 6.8 percent.

COMPARISON TO PEER METROS
Even with a slight increase in Kansas City's unemployment rate, we remain firmly in the middle of our peers metros.

JOB POSTINGS
Job postings stayed steady, with 15,158 help-wanted ads.


Source: WANTED Analytics

New Workforce Dashboard launched

Just because we were without data during the government shutdown doesn’t mean we weren’t busy. We're pleased to announce the launch of our new Workforce Dashboard at www.kcworkforce.com.

Here you can get the most recent labor market data and employment figures for key industries. You can even create your own dashboard to see the trends in your county. Be sure to check it out!

One technical point: since the dashboard uses county level data, it won't be the same seasonally adjusted data we use in this newsletter, so the figures can and will differ.

 

 

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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