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    April 20, 2015

An even brighter employment picture

Kansas City metro employment growth continued unabated in February, reaching 1,041,000 (seasonally adjusted) jobs. This is an increase of 32,600 jobs in just one year.

That's an impressive number by itself but how do we stack up compared to other metros? Well, pretty good actually.

Looking at year-over-year non-seasonally adjusted employment change, the Kansas City region’s employment grew 3.3 percent. This rate ranks us number 15 out of the 53 largest metros in the country (metros with a population of at least 1 million).

Our unemployment rate remained steady at 5.9 percent as more people entered (or re-entered) the workforce.

Job postings for the region continued their fast pace, with over 50,000 unique help wanted ads in February. This indicates that area businesses are confident enough about the future to invest in new employees.

The next data release will be interesting to see. You may recall news stories about disappointing employment growth in March, much lower than economists expected. Will this national trend show up in Kansas City data, or do we enough momentum that we won’t even notice a dip? Stay tuned. The March data will be released at the end of this month.

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
May 6, 10 a.m.
MARC Conference Center

MARC Regional Assembly
June 5, 11:30-1:30
Sheraton Crown Center
Register online


 

THE LATEST METRO DATA

Labor market data always comes in slowly at the first of the year, followed by a rush to catch up. February data was released shortly after January's, leading to this bonus issue of our (normally) monthly newsletter.

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

Metro employment topped 1,040,000 in February — an all-time high for the Kansas City region.

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

Kansas City's unemployment rate stayed steady at 5.9 percent in February. NOTE: We typically use seasonally adjsuted unemployment rates here, but that data series is temporarily unavailable. We are using not-seasonally adjusted instead.

COMPARISON TO PEER METROS
The Kansas City metro's 5.9 percent unemployment rate still places it well at the back of its peer group of metros.

JOB POSTINGS
Unique want ads surpassed 50,000 in February, compared to 30,232 one year ago.


Most recent Employment by Industry infographic


(Click to enlarge)

The power of data in decision-making

On April 7, our KCEconomy team met with an enthusiastic group of local data users to discuss "The Power of Data in Decision-Making."

We talked about using data to make better decisions, shared some of our favorite data sources, and talked about common issues and challenges with data collection. We also offered some fun looks at how NOT to use data.

To view a copy of our presentation, visit the KCEconomy blog»



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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