Email not displaying correctly? Click here to view it in your web browser.

Workforce Indicators Banner
    February 2018

Year ends on a flat note

Kansas City’s employment picture remained stubbornly consistent as we closed out 2017, at least according to the current data. We stress this because this year-end employment data is revised (and often significantly) with the release of January data. In the past, these revisions have shown that our employment situation was better than originally reported. We will have to wait and see if that is the case this time around.

As we write this, Kansas City is dealing with two major closures in the manufacturing sector (the Harley Davidson and Procter & Gamble plants). These closures will take place over the next few years, so they have not yet had an impact on the data. It is worth noting that on the same day Procter and Gamble announced the loss of 200+ manufacturing jobs, Cerner announced it would hire 600 local employees to meet growing demand for services. These two announcements (a manufacturing decline and an IT expansion) give a good micro example of the macro economy.

Kansas City’s unemployment rate remains low at 3.3 percent. This keeps us in the middle of our peer metros, all of whom have now achieved near full employment.

Want ads have stabilized at 18,342. This suggests that employers are still looking for talent and, given the low unemployment rate, may be having a difficult time finding it.

In next month's issue (mid-March), we will report the new January and revised 2017 data.

Upcoming Events

KC Rising Year Three Update
Tuesday, Feb. 27, 4 p.m.
Atkins Auditorium
Nelson Atkins Museum of Art
Register»

C3KC Community Leadership Development Summit
Thursday, March 1, 8 a.m.-2 p.m.
Union Station, Kansas City, MO
More info»

New Reports Online

We've recently updated our county profiles for Cass, Clay, Jackson, Platte and Ray counties in Missouri and Johnson, Miami, Leavenworth and Wyandotte counties in Kansas.

See all of our workforce reports at kcworkforce.com/reports.htm

 

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.]

Employment leveled off at 1,088,300 jobs.

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 metro unemployment ticked up in December to 3.3 percent.

Chart comparing unemployment rate to prior years

COMPARISON TO PEER METROS
The Kansas City metro's unemployment rate went up slightly, but remained the sixth highest compared to peer metros.

Chart comparing peer metros

JOB POSTINGS
Job postings rose slightly in December, to 18,342.

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.


Twitter logo
Follow us on Twitter

Interested in more about KC's economy? Follow @KCEconomy on Twitter to get the latest information on regional economic data.

 

MARC logo

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