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    March 2017

Revisiting 2016 employment data

The January 2017 employment data was recently released, but before we dive into 2017, we need to take another look at some revised 2016 numbers. In this newsletter, we like to track the monthly trends provided to us by the Bureau of Labor Statistic’s Current Employment Survey. This data gets re-benchmarked at the beginning of the year to new, more accurate data. Sometimes these revisions can be significant, and that was certainly the case this year.

Last year, we puzzled over Kansas City’s flat employment growth. According to our original data, employment peaked in July at about 1,060,000 and then flattened out. Revised data tells us employment actually grew quite robustly at the end of 2016, nearing 1,080,000. All told, the metro added nearly 25,000 jobs in 2016, a very solid number.

Now, on to 2017.

Metro employment started 2017 at 1,083,900 jobs. The unemployment rate has actually risen lately and stands at 4.5 percent. This is a relatively low unemployment rate, but it is still in the bottom half relative to our peer groups.

Job postings trended down in late 2016, but they, too, rebounded in January with regional ads for 20,531 unique job.

Upcoming Events

2017 RWIN Meeting Schedule:
• May 3
• July 5
• September 6
All meetings begin at 8:30 a.m. at the MARC offices

KU Coding Boot Camp:
24-week Boot Camp for web developers begins June 12 at KU Edwards campus. Details and application are online or call 913-439-1919.

 

 

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.]

Revised figures show strong, steady employent growth.

Chart comparing employment totals to prior years

UNEMPLOYMENT RATE
[The number of unemployed as a percent of the total labor force, not seasonally adjusted.]

The unemployment rate increased for the second consecutive month to 4.5 percent.

Chart comparing unemployment rate to prior years

COMPARISON TO PEER METROS
Our 4.5 percent unemployment rate is towards the higher end among our peers.

Chart comparing peer metros

JOB POSTINGS
Monthly job postings rebounded to 20,531 after being as low as 16,000 in November.

Chart comparing job postings to prior years

Most recent Employment by Industry infographic

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.


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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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