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October 2018 (August Data)


EMPLOYMENT IN MAJOR EXPORTING INDUSTRIES

545,431 Total Jobs
(13th among 31 peers)



To grow an economy, it is vital to export goods and services to the rest of the world. Growth in major exporting industries is indicative of a strong regional economy.

More KC Rising metrics»



EMPLOYMENT BY INDUSTRY

Click the image above to download the latest employment-by-industry infographic.


UPCOMING EVENTS

International Relations Council "Your Global Future"
Oct. 16
Union Station
More information»

LearnX 2018 with
Graduate! Network

Oct. 18-19
Kauffman Foundation
Conference Center
More information»

2018 Workforce
& Education Summit:
Cross-sector Collaboration

Dec. 4
Kauffman Foundation
Conference Center
More information»


STAY CONNECTED

For more information on regional workforce data and initiatives:

Visit our website at KCWorkforce.com

Read our blog at KCEconomy.org

Follow @KCEconomy on Twitter

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The Workforce Indicators Newsletter is published monthly by the Mid-America Regional Council. MARC is the nonprofit association of local governments and metropolitan planning organization for the bistate Kansas City region.


600 Broadway, Suite 200
Kansas City, MO 64105
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.

LATEST DATA EMPLOYMENT JOB POSTINGS UNEMPLOYMENT EMP GROWTH
AUGUST 2018 1,103,200 71,132 3.6% 1.7%
JULY 2018 1,099,800 60,793 3.9% 1.5%
Month-to-Month Change + 3,400 + 1.9% - 0.3% + 0.2%

KC metro employment grows, but others grow faster

Kansas City Metro employment rose to 1,103,200 in August, an increase of 18,100 from one year ago. Growth in the construction industry was a key driver in this increase, as it added 5,000 jobs in the past year. This increase should not be a surprise to anyone driving around town and observing the many cranes currently in operation. With construction at the new KCI airport slated to begin soon, we can expect to see construction employment continue to grow in the coming years.

Despite this solid employment number, Kansas City still lags behind several of our peer metros. Our annual employment growth rate was 1.7 percent, which placed us well in the bottom half of our selected peer group. Metros like Dallas, Austin, Denver, Oklahoma City and Charlotte all saw a year-over-year employment increase of 2.5 percent or more.

It is clear that metropolitan economies are now more competitive. Growth rates that once indicated solid progress are not enough to keep up today. The Kansas City economy is growing, but more like a jogger gradually picking up the pace, while some high-performing metro economies are racing ahead. We will need to grow faster to keep up — let alone take the lead.

The region’s job growth resulted in a drop in the regional unemployment rate, from 3.9 percent to 3.6 percent. In this tight labor market, many employers are actively looking for new employees. Unique job postings increased by 2 percent between July and August.

SEASONALLY ADJUSTED EMPLOYMENT

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

Kansas City's employment increased to 1,103,200 in August. This is up 18,100 from one year ago.

HIRING TRENDS

BUSINESS AND FINANCE OCCUPATIONS - LAST 90 DAYS

Top 10 Employers Advertising Openings
(By total number of ads)

Company Ads
H&R block 260
Black & Veatch 133
U.S. Bank 105
Robert Half 92
Ernst & Young 88
Commerce Bank 81
Anthem 75
Sprint 74
GPAC 69
Accenture 69
   

Top 10 Occupations Sought
(By total number of ads)

Occupation Ads
HR Specialists 1,099
Management Analysts 1,083
Business Operations Specialists 836
Accountants 518
Financial Analysts 335
Training & Development Specialists 291
Auditors 271
Market Research Analysts/Mktg Specialists 225
Tax Preparers 196
Loan Officers 194

UNEMPLOYMENT

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

Kansas City's unemployment rate dropped to 3.6 percent in August. One year ago, the metro unemployment rate was 4.4 percent.

PEER METRO RANK — EMPLOYMENT GROWTH RATE

[Percent change in employment year-over-year among 14 metropolitan areas.]

Kansas City added 18,100 jobs in the year ending August, a growth rate of 1.7 percent. This puts Kansas City in the bottom half among peer metros.