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    January 2014

Region sees strongest employment since 2008

November 2013 was a solid month for the Kansas City area. Employment jumped by 3,000 from October and now stands at 1,011,200 — up by 13,000 from one year ago. This also marks the highest employment level the KC metro has seen in four years.

The Professional Business Services sector has been a key driver in our region’s employment growth, adding nearly 6,000 jobs in the year ending in November. Construction was the second biggest growth sector, as it added 3,300 jobs. The biggest losses were felt in the retail sector, which lost 4,600 jobs.

The seasonally adjusted unemployment rate achieved a bit of a milestone in November as it dropped below 6 percent for the first time since August 2008. Now at 5.9 percent, we have lower unemployment than all but four of our peer metros (Austin, Oklahoma City, Minneapolis-St. Paul and Omaha).

As the unemployment rate dropped, so did the help wanted ads. After peaking at more than 16,000 ads in October, regional job postings dropped below 12,000 in November. This number tends to be very sporadic, so our guess is this is just a one-month hiccup.

So, overall, a pretty good employment data month for Kansas City.

Upcoming Events

RWIN Meeting
Feb. 5, 10 a.m.
MARC Conference Center

RWIN Meeting
April 2, 10 a.m.
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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 topped 1,010,000 in November.

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

The unemployment rate dropped to 5.9 percent, our lowest point since August 2008!

COMPARISON TO PEER METROS
Kansas City's unemployment rate remains in the lower half of our peer metro group.

JOB POSTINGS
After spiking in October, job postings dropped to just under 12,000 in November.


Source: WANTED Analytics

November 2013 "Employment by Industry" infographic


Ten reasons to be excited about Kansas City's economy in 2014

What's the New Year without a top 10 list? Read our blog post about the top 10 reasons things are looking up for the region's economy in 2014»

 


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Interested in more about KC's economy? Follow @KCEconomy on Twitter to get the latest information on regional economic data.

 

 

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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