Economy

Economy
10:43 am
Fri April 11, 2014

Kansas Officials And Economists Meet To Determine Revenue Projections For 2015

Kansas officials and economists will gather next week to study revenue projections for the coming year.

They hope to find out if the state economy is growing and if tax receipts will keep government afloat.

Legislative leaders on gave differing views yesterday of what the projections for what the next fiscal year will look like, but agreed that the state faces challenges.

Tax collections through March were $130 million dollars above the forecasters’ November estimate.

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Economy
10:06 am
Tue March 18, 2014

State Jobless Rate Dips To 4.8 Percent For January

A new Kansas Department of Labor report says the state's jobless rate dipped to 4.8 percent in January.

The department found that January's seasonally adjusted unemployment rate fell from the 4.9 percent recorded for December

The report also shows that total non-farm, private-sector employment in January topped 1.12 million--that's a gain of 20,500 jobs over the past year.

The state saw its most robust growth in construction.

61,000 people held jobs in January, compared with just over 55,000 in the January of 2013.

Economy
10:00 am
Mon February 24, 2014

KS House Speaker Ray Merrick Vows To Focus On Economy

Kansas House Speaker Ray Merrick says he'll be working to focus the chamber on economic issues for the rest of the legislative session.

Recently, some controversial bills in the House have caught national attention and criticism.

Merrick says he can't stop members from filing bills, but he can try to get lawmakers back to what he calls the basics.

"Making (Kansas) the most business friendly state in the country and emphasizing that the rest of the session," he says.

Economy
9:47 am
Thu January 9, 2014

Report: Kansas Could See Slightly Higher Job Growth In 2014

Researchers at Wichita State University predict Kansas will see slightly higher job growth in 2014 than it did last year.

The Center for Economic Development and Business Research predicts employment will increase by 1.4 percent, or about 18,000 jobs.

Professional and business services are expected to see the biggest increase with more than 5,300 new jobs.

A net loss of 700 jobs is forecast for public employment.

Unemployment
5:43 pm
Thu December 19, 2013

State Jobless Rate Falls

Kansas labor officials say the state's unemployment rate dropped to 5.1 percent in November, its lowest mark in nearly five years.

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Economy
8:22 am
Mon December 2, 2013

Agreement Between U.S. and E.U. Could Lead To 7,000 New Kansas Jobs

A new report says Kansas could see about 7,000 new jobs if the U.S. and the European Union reach a free trade agreement.

The report estimates Kansas' exports to the E.U. would increase by 23.4 percent if a comprehensive agreement is reached.

Matt Keith with the Kansas Department of Commerce says Kansas had $1.8 billion worth of exports to the European Union in 2012.

That makes the E.U. countries Kansas' second-largest export destination, behind Canada.

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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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