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    November 2014

Professional/technical services sector still driving KC employment

Regular readers of this newsletter know that overall employment growth since the recession has been modest in the Kansas City region, but we can’t blame lawyers for this one. The professional/technical services sector has seen strong growth in 2014, far exceeding national growth. (See the monthly Employment by Industry infographic.)

Actually, professional/technical services is a large and diverse sector that includes much more than lawyers. In Kansas City, computer designers and programmers, engineers and legal professionals make up about half of this sector's employment. The sector also includes accountants, architects, scientific researchers and many other professional or technical jobs.

These are precisely the types of jobs that metro areas around the country covet and want to add to improve their economies. Kansas City has added 11,000 of these jobs over the past three years — an increase of nearly 16 percent. Nationwide the professional/technical services sector grew just 9 percent.

The decline in retail jobs continues to weigh down our overall totals. It remains a bit of a mystery why Kansas City is losing these jobs at a faster clip than the nation. While retail jobs may not be the highest-paying, they are still vital to the regional economy and serve as a starting point for many a career.

In other indicators this month, Kansas City’s unemployment rate remained unchanged at 6 percent — higher than all but three of our peer metros. Job postings increased again, topping 22,000 unique help wanted ads in the region.

 

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.]

Seasonally adjusted employment dropped for the second straight month and now sits at the same level as one year ago.

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

After dropping for several months, the seasonally adjusted unemployment rate held steady at 6 percent for the second consecutive month.

COMPARISON TO PEER METROS
Kansas City's 6.0 percent unemployment rate is still higher than most peer metros, ahead of only Sacramento, Charlotte and St. Louis.

JOB POSTINGS
Unique help wanted ads continued a steady incline, topping 20,000 for the second month in a row.


Most recent Employment by Industry infographic


(Click to enlarge)

New report provides regional educational attainment data

Attendees at the 2014 Workforce Summit held on November 4 were the first to receive copies of MARC's new report on education and workforce data for the Kansas City metro.

The report identifies key indicators that can be used to measure the region's progress in preparing students for postsecondary success, achieving meaningful credentials and degrees, growing a skilled workforce to meet industry needs and increasing economic prosperity.

Demographics and other key measurements are provided for K-12 students; postsecondary students; and working age adults. The report also offers a sampling of current regional initiatives and the region's new Lumina Community Partnership. The Kansas City region is one of 35 U.S. communities to receive funding from Lumina Foundation to help advance postsecondary attainment.

Download the report»



Follow us on Twitter

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 EMSI.
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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