Kansas economy

A new report has some advice for Kansas lawmakers looking at revenue growth that’s beating projections: Don’t count on all of it to last.

The report from the Pew Charitable Trusts outlines strategies states can use to manage growing revenue and maintain balanced budgets.

It recommends that states watch tax collections closely, because some types of tax growth will sag if the economy slows.

neetalparekh / flickr Creative Commons

Kansas has more people working than ever before, the Kansas Department of Labor said Friday.

There are more than 1.4 million people employed in Kansas, according to data from November. The state has gained nearly 3,000 jobs in the last 12 months, mostly from construction, and professional and business services.

The unemployment rate for Kansas was 3.5 percent in November. That is down slightly from October and down from 4.3 percent in November 2016.

The unemployment rate for the Wichita area and Sedgwick County was 3.7 percent.

--

J. Schafer / Kansas Public Radio/File photo

new estimate from the Emporia State Economic Index shows Kansas’ economy started to level off in October. 

The GDP for the state shrank slightly by 0.1 percent from September. That follows months of strong growth after a low point in March. There is some positive news: Kansas' GDP grew 1.7 percent since October 2016.

Local Shops To Participate In Small Business Saturday

Nov 25, 2016
Visit Wichita

Visit Wichita is encouraging holiday shoppers to remember the value of local stores during this weekend's Small Business Saturday event.

Small Business Saturday is an annual event created by the credit card company American Express in 2010. Sandwiched between Black Friday and Cyber Monday, the day has steadily become its own annual holiday shopping tradition. According to Jessica Sawatski with Visit Wichita, a lot of small local businesses will offer treats, discounts and special merchandise.

The matchup in Kansas House District 88 in southeast Wichita could be a close race to watch. During the 2014 general election, Republican Joseph Scapa won by less than 30 votes. Now, Democrat Elizabeth Bishop hopes to unseat him.

Both candidates say balancing the state budget is the main priority. Scapa cites the Kansas Statewide Efficiency Review, which he says needs a closer look.

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.

Report: Kansas Economy Ranks 46th In Nation

Apr 4, 2016
State Policy Reports

Data recently released in the Washington, D.C.-based publication State Policy Reports puts Kansas in close-to-last place when it comes to state economies. Kansas is ranked 46th when compared to other states and the District of Columbia.

401(K) 2012 / Flickr Creative Commons

The majority of business owners surveyed by the Wichita Independent Business Association say the state’s income tax exemption for many small businesses should be amended.

Back in 2012, Gov. Sam Brownback ended all taxes on non-wage income for LLCs, subchapter S corporations and sole proprietorships, calling the move a “shot of adrenaline” for the economy. The idea was that small businesses would keep more of the money they make, allowing them to hire more people and expand their facilities.

Ervins Strauhmanis, flickr Creative Commons

A new efficiency report includes more than 100 recommendations that could save the state more than $2 billion over five years.

Workers from the company Alvarez and Marsal released their preliminary findings to lawmakers Tuesday. Suggestions for improving efficiency and performance range from hiring more workers in the Department of Revenue to eliminating some health insurance options for state employees.

Kansas Economy Shrinking, Report Finds

Jun 1, 2015

A survey out of Creighton University indicates that Kansas’ economy was down last month. KMUW's Sean Sandefur has more...

Kansas received a 49.7 on Creighton University’s monthly Business Conditions Index for May, down from 51.2 in April. The score means that for the first time this year, Kansas’ economy is thought to be shrinking.

The index is based on surveys from business owners across the state and is scored from zero to 100.

Pages