Economy

jphilipg, flickr Creative Commons

Kansas has lost the highest number of construction jobs in the nation over the past 12 months, according to an analysis of United States Department of Labor data.

The report issued by the Associated General Contractors of America shows that Kansas construction jobs dropped 7.3 percent, 4400 jobs, in the last 12 months. In the last month alone the report shows Kansas lost 500 jobs.

neetalparekh / flickr Creative Commons

As the nation gained jobs during the month of July, Kansas lost them. At the same time, the state's unemployment rate also moved higher.

The number of jobs in Kansas fell by 5,600 in the month of July. The state labor department says most of those jobs – 4,600 – were in the private sector.

Stephen Koranda

The ratings agency Moody’s is again giving a negative outlook to Kansas’ ability to pay back millions in debt.

www.kansaseconomy.org

A new website offers comprehensive economic data for Wichita and the state of Kansas.

The website KansasEconomy.org provides trends, economic indicators and the most recent employment and population forecasts. 

The Center for Economic Development and Business Research at Wichita State University created the website to compile economic data from across the state in one place. The center’s director, Jeremy Hill, says the information is coming straight from government sources and will automatically update.

Kansas tax collections missed the mark in July and came in below estimates by more than $12 million.

According to the AP, the Department of Revenue reported Monday that the state collected $425 million in taxes last month, compared with the state's official projection of nearly $438 million. The shortfall was 2.9 percent.

Stephen Koranda, File Photo

Gov. Sam Brownback and Kansas legislators are waiting to learn whether state tax collections in July fell short of expectations.

The monthly report due Monday afternoon from the state Department of Revenue could complicate the state's financial picture and lead to a fresh round of budget adjustments.

Tax collections have fallen short of expectations for 10 of the past 12 months.

In June, they were $34.5 million below the official state projections made in a fiscal forecast issued by officials and university economists in April. The shortfall was 5.7 percent.

Stephen Koranda / KPR/File photo

For the second time in two years, a major ratings agency downgraded Kansas' credit rating Tuesday because of the state's budget problems.

From the AP:  

S&P Global Ratings dropped its rating for Kansas to "AA-," from AA, three months after putting the state on a negative credit watch. S&P also dropped the state's credit rating in August 2014.

Stephen Koranda / KPR/File photo

Kansas tax collections were more than $30 million short in June, the final month of the fiscal year. That grew the state’s budget deficit to more than $75 million and prompted Gov. Sam Brownback’s administration to take steps to erase the shortfall.

Budget Director Shawn Sullivan says it’s difficult to cut budgets at the end of the fiscal year. Instead, the state is moving funds, including delaying part of a payment to school districts. Democratic State Sen. Laura Kelly says that’s worked in the past, but moving the payment is risky when tax collections have been so inconsistent.

Stephen Koranda / KPR/File photo

Kansas wraps up the fiscal year today with tax revenue numbers for June. The state is expected to come up short, with some reports saying tax collections could miss the mark by more than $30 million.

neetalparekh / flickr Creative Commons

This summer’s employment outlook is down from last year, but many local businesses are still looking to hire new staff.

A new survey from the employment company Manpower shows that 20 percent of Wichita employers are looking to boost their staff in the coming months. That’s down slightly from last quarter, when 22 percent of employers said they planned on new hires.

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