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

    May 2015

After a strong run, KC's employment dips slightly

The Kanas City area's surging labor market took a little bit of a breather in March after seeing robust growth since late 2014. Seasonally adjusted employment declined by 4,700 between February and March and now sits at 1,036,800. Despite the setback, metro employment is still up by 26,500 from one year earlier. We have had four straight months now where the year-over-year employment growth is greater than 25,000. To put this into perspective, we would have to go back to 1997 to see such consistently strong annual employment growth in our region. It has been a long time coming, but Kansas City finally appears to be creating jobs on a consistent basis.

The metro unemployment rate dropped to 5.4 percent, which still leaves us towards the back of the pack amongst our peers.

All major industry sectors saw year-over-year growth in employment with the exception of Information, which had only a slight decline. The professional business services industry again leads the region's job growth, with 7,200 net new jobs over the past year.

Unique want ads continue to soar into unchartered territory, with more than 55,000 unique help-wanted ads in the Kansas City metro in March, strongly indicating that our employment run will not abate soon.

 

Upcoming Events

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

RWIN Meeting
July 1, 10 a.m.
MARC Conference Center

Annual Workforce Summit
Save the Date:
Nov. 3, 8 a.m. to noon
Kauffman Foundation 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.]

After several consecutive months of seasonally adjusted growth, employment dipped slightly in March to 1,036,800.

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

Kansas City's unemployment rate dropped to 5.4 percent in March. NOTE: We typically use the seasonally adjusted unemployment rates here, but that data series is temporarily unavailable. The rates shown below are not seasonally adjusted.

COMPARISON TO PEER METROS
With unemployment falling to 5.4 percent, Kansas City moved up a bit when compared to its peer metros, but is still in the bottom half.

JOB POSTINGS
Unique want ads continued to climb, up significantly over last year.


Most recent Employment by Industry infographic


(Click to enlarge)

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.



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