E-mail not displaying correctly? Click here to view it in your web browser.

    December 2014

Employment still lags, but we're moving in the right direction

The Kansas City region posted another solid employment month in October, with all of our economic indicators moving in the right direction. Even this improvement is a bit frustrating, though, as we continue to lag the nation in employment growth.

Seasonally adjusted employment increased by 3,000 in October to 1,015,700 jobs. This is up by nearly 6,000, or 0.6 percent, from one year ago — not great growth, but solid. By comparison, employment grew 2 percent nationwide over the same period.

Data that is not seasonally adjusted, which provides a more detailed look at employment by industry, indicates that much of our growth continues to come from the health and professional and business service industries.

The unemployment rate dropped to 5.6 percent, the lowest it has been since 2008. However, it's not enough to move Kansas City out of the bottom half of peer metro rankings.

Help wanted ads spiked in October, but this is typical at this time of year as retailers prepare to add workers for the holiday shopping season.

 

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.

 

Upcoming Events

RWIN Meeting
Jan. 7, 10 a.m.
MARC Conference Center


 

THE LATEST METRO DATA

SEASONALLY ADJUSTED EMPLOYMENT
[The current number of jobs in the Kansas City metro as determined by the monthly Current Employment Statistics survey.]

Seasonally adjusted employment rebounded in October, adding 3,000 jobs.

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

The region's seasonally adjusted unemployment rate dropped to 5.6 percent — our lowest rate since mid-2008.

COMPARISON TO PEER METROS
At 5.6 percent, Kansas City's unemployment rate still ranks worse than most of its peers, but we moved ahead of Milwaukee to take the 10th spot after ranking 11th among our 14 peer metros since April.

JOB POSTINGS
Unique want ads spiked to nearly 35,000 in October, as more retailers advertised for seasonal help.


Most recent Employment by Industry infographic


(Click to enlarge)

Twitter roundup

Here are a few stories featured recently on our @KCEconomy twitter feed:

From KCUR-FM: Kansas City's Suburbs are Growing, and Other Facts About How our Region Moves"

From the New York Times: Some Cheerful Signs in the Labor Market

From the Washington Post: In 81% of America’s counties, the median income is lower today than it was 15 years ago.

From the Wall Street Journal: Wages Winners and Losers since 2004 (interactive map)



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.

Subscribe/Unsubscribe Bookmark and Share