Economy

Economy
10:09 am
Fri November 29, 2013

Senator Moran 'Getting A Grip' On Digital Currency Bitcoin

Kansas U.S. Senator Jerry Moran says he's still getting a grip on the implications of the virtual currency "Bitcoin."

Bitcoin has grown rapidly as a form of currency in the past few years.

Senator Moran serves on a subcommittee that deals with the banking aspects of national security and international trade and finance.

The panel met last week for its first hearing on Bitcoin, mostly to educate members about the currency and concerns surrounding it.

Economy
9:09 am
Wed November 6, 2013

Survey Reports Midwestern Economies Impacted After Government Shutdown

An economic index of Midwestern states plummeted last month, and the survey's authors say the government shutdown played a part.

The monthly report from Creighton University is a survey of businesses in nine states, including Kansas. Creighton Professor Ernie Goss calls October a tough month for the region.

"One fourth of the businesses we surveyed said there were negative impacts from the shutdown," says Goss. "I think those will be temporary and we'll see those effects reversed in the weeks and months ahead."

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Economy
7:18 am
Fri September 27, 2013

Kansas' Economy Not Growing As Quickly As Nation's

Researchers at The Center for Economic Development and Business Research at Wichita State University say the Kansas economy is growing at a slower rate than the nation as a whole.

Their report says the number of jobs in the state has grown one percent so far this year and isn't keeping up with the growth of the labor force. The jobless rate in Kansas rose to 5.9 percent in August.

The largest growth forecast for 2014 is expected to be in the service sectors. Education and health services are expected to add more than 4,200 jobs.

Economy
8:17 am
Thu July 11, 2013

CEO Group Says International Trade Supports 371,000 Kansas Jobs

A new study by Business Roundtable found that international trade supports about 371,000 Kansas jobs. Business Roundtable is a group of CEOs from America's largest companies. The group advocates for free-trade agreements with Panama, Colombia and South Korea.

The report estimates Kansas exported over $12 billion worth of goods in 2012. About $5.4 billion of the goods were sold to countries with which the United States has free-trade agreements.

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Economy
7:15 am
Fri June 21, 2013

Kansas Labor Department: Unemployment And Jobs Both Up Slightly

The latest state labor report says the Kansas unemployment rate edged higher in May.

Despite that, the state also saw modest growth in private-sector jobs over the past year.

The Kansas Department of Labor says the jobless rate stood at 5.7 percent last month, up from 5.6 percent in April but down from 6.1 percent in May 2012. The report also says private companies employed about 14,400 more workers last month than in May 2012, an increase of 1.3 percent.

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Economy
6:23 am
Fri May 10, 2013

Kansas Oil Production Up, Natural Gas Down

A new report from the Kansas Geological Survey shows oil production in Kansas last year was up over 2011, but natural gas production was down.

Officials with the survey report the nearly 44 million barrels of oil produced last year were the most since 1995. The oil had a value of $3.7 billion.

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Economy
7:55 am
Thu May 9, 2013

New Report Says Kansas Dangerous Place To Work

According to a new report from the American Federation of Labor and Congress of Industrial Organizations, Kansas is a dangerous place to work when compared with most other states.

The report, "Death on the Job: The Toll of Neglect," ranks Kansas 40th out of the 50 states based on the rate of workplace fatalities in 2011.

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Economy
2:43 pm
Tue April 30, 2013

Job Growth Expected To Increase In Kansas

A  report from WSU’s Center for Economic Development and Business Research projects modest job growth in Kansas this year.

It’s driven partially by the energy, construction and services sectors.

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Economy
12:04 pm
Wed April 3, 2013

Kansas Gets 'A' Grade For Small Business-Friendly Practices

Kansas received an "A" grade again this year from Thumbtack.com's Small Business Survey. The grade was the seventh highest in the country.

The survey bases its grades on data gathered from a nationwide group of more than 7,000 small business owners, freelancers and entrepreneurs in order to rank the best places in the country to do business. The rankings were released in partnership with the Kauffman Foundation.

Kansas received its overall A grade thanks to a strong showing in several categories:

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Economy
1:15 pm
Fri March 29, 2013

Kansas Unemployment Rate Holds Steady, Though State Gained 15,400 Jobs in February

Unemployment rates by county
Credit Kansas Department of Labor

The jobless rate in Kansas isn't falling, but it didn't get worse in February. 

The (not seasonally adjusted) unemployment rate declined from 6.2 to 5.8 percent, while the smooth seasonally adjusted number remained steady at 5.5 percent for the fourth month. In February 2012, the seasonally adjusted unemployment rate was 5.9 percent. 

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