Kansas City Area Economic Summary Updated May 31, 2017 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm. Unemployment rates for the Kansas City area, selected area counties, and the nation Average weekly wages for all industries by county Kansas City area, 3rd quarter 2016 (U.S. = $1,027; Area = $980) Unemployment rates 4.7 United States 4.1 4.0 Kansas City area 3.6 3.6 Clay Co., MO 3.1 4.9 Jackson Co., MO 4.2 3.1 Johnson Co., KS 2.9 5.1 Wyandotte Co., KS 4.7 0.0 2.0 4.0 Apr-16 6.0 Apr-17 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages. Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector 12-month percent changes in employment Percent Kansas City area employment (numbers in thousands) 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Apr-14 Kansas City area Apr-15 United States Apr-16 Source: U.S. BLS, Current Employment Statistics. Apr-17 Total nonfarm Mining, logging, and construction Manufacturing Trade, transportation, and utilities Information Financial activities Professional and business services Education and health services Leisure and hospitality Other services Government Change from Apr. Apr. 2017 2016 to Apr. 2017 Number Percent 23.1 -1.7 0.5 5.2 -1.1 1.2 11.5 3.4 3.1 0.4 0.6 2.2 -3.6 0.6 2.5 -5.6 1.5 6.2 2.3 2.9 0.9 0.4 1,090.9 46.1 77.7 213.3 18.5 79.9 197.1 152.9 110.4 43.1 151.9 Source: U.S. BLS, Current Employment Statistics. • www.bls.gov/ro6 Over-the-year changes in the selling prices received by producers for selected industries nationwide Over-the-year change in the prices paid by urban consumers for selected categories 12-month percent change in CPI-U, second half 2016 Percent 4.0 3.0 Kansas City area U.S. city average 1.5 1.0 0.9 -0.1 -1.0 -0.2 General freight trucking Hospitals Telecommunications 3.0 2.0 1.0 -0.3 0.0 -1.0 -3.0 -5.0 12-month percent changes in PPI -3.1 All Items Food -2.0 -3.0 Energy -4.0 Apr-14 Source: U.S. BLS, Consumer Price Index. Average annual spending and percent distribution for selected categories Midwest Region average annual expenditures 2015 Apr-15 Housing $17,370 31.5% Healthcare $4,616 8.4% Personal insurance & pensions $6,260 11.4% Food $7,090 12.9% Transportation $9,597 17.4% Total: $55,071 Employer costs per hour worked for wages and selected employee benefits by geographic division Total compensation Wages and salaries Total benefits Paid leave Vacation Supplemental pay Insurance Retirement and savings Legally required benefits Kansas City area United States Total, all occupations $23.51 $23.86 Financial managers 63.86 67.17 Electrical engineers 45.83 47.41 Accountants and auditors 32.68 36.89 Registered nurses 31.01 34.70 Sheet metal workers 29.71 24.56 Human resources specialists 29.21 31.20 Computer user support specialists 23.67 25.53 Construction laborers 20.45 18.22 Rail car repairers 19.00 25.77 Customer service representatives 17.34 16.91 Retail salespersons 12.99 13.07 8.96 9.89 Fast food cooks Source: U.S. BLS, Occupational Employment Statistics, May 2016. Source: U.S. BLS, Consumer Expenditure Survey. Private industry, December 2016 Apr-17 Average hourly wages for selected occupations Occupation All other $10,138 18.4% Apr-16 Source: U.S. BLS, Producer Price Index. West North Central (1) $29.83 20.91 8.92 2.03 1.10 0.80 2.48 1.22 2.39 (1) West North Central includes IA, KS, MN, MO, ND, NE, and SD. Source: U.S. BLS, Employer Costs for Employee Compensation. United States $32.76 22.83 9.93 2.28 1.17 1.15 2.63 1.31 2.56 Over-the-year changes in wages and salaries Percent 4.0 12-month percent changes in ECI 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Mar-14 West North Central Mar-15 United States Mar-16 Source: U.S. BLS, Employment Cost Index. Mountain-Plains Information Office • [email protected] • https://www.bls.gov/regions/mountain-plains • 816-285-7000 Mar-17
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