KC metro JOBS (general KC economy thread)

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earthling
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Re: KC metro JOBS (general KC economy thread)

Post by earthling »

Haven't seen that breakdown but in terms of Gross Metro Product, MO side of KC metro had close to 55% of metro GMP as well a few years ago, so probably increasing the gap last couple years. KC metro's GMP % growth was pretty good in past but was below US avg last year, about 1% growth from 2012 to 2013 compared to 1.5% US avg (although overall GMP per capita for KC is still above US avg). KC metro GMP is expected to jump to 1.9% for 2013-2014, slightly above US avg of 1.8%.

If KS side could carry its weight, KC metro could probably be on par with hot markets. But they voted Brownback back in, so could be another rough several years.

http://www.usmayors.org/metroeconomies/ ... report.pdf
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Re: KC metro JOBS (general KC economy thread)

Post by earthling »

The December 2014 BLS employment data has been posted. KC has had inconsistent recovery over last few years and not at same rate as national average. The national average recovery met 2007 peak about 9 months before KC metro reached it. But it looks like KC met it recently and took off in December. KC employment is finally above 2007 peak.

There are two methods the BLS use for employment. Here is one method, employment reported by employees. This claims 38K adds since last Dec...
Image

The second method of raw employment is reported by employers/companies, claiming 23K adds since last Dec. It is considered more accurate because the poll size is much higher than the one above.
Image

KC is still not up to the relative level that MSP and Denver are but is well ahead of STL. STL still hasn't reached its 2007 peak yet.

The labor force stats claim KC metro quickly shot up over last year, by 30K...
Image
Source:
http://www.bls.gov/eag/eag.mo_kansascity_msa.htm
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Re: KC metro JOBS (general KC economy thread)

Post by warwickland »

While STL is the closest to compare to, is instructive, and makes KC look better in comparison, it's sort of apples to pears, considering the manufacturing trench that STL is trying to climb out of (don't get me started on the decline of us manufacturing).

indianapolis might be more apples to apples, even though its 7 hours away. same with omaha, on a smaller scale.

http://www.bls.gov/regions/midwest/indiana.htm

Image
http://data.bls.gov
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Re: KC metro JOBS (general KC economy thread)

Post by earthling »

Yeah, Indy and Columbus have been benefiting from most Great Lakes states not doing particularly well. KC meanwhile has been fighting itself over state line but did suddenly jump end of year to be more relatively comparable to Indy/Columbus in the end - or so BLS data claims.

Here is STL...

STL labor force not only not yet recovered to its 2006 peak, it's still below 10 years ago.
Image

STL employment also still below 10 years ago, but at least it did jump a decent amount in last year.

Reported by companies (edit)...
Image
Reported by employees/workers...
Image

The State of MO has recovered both labor force and employment so STL is pretty behind.
Last edited by earthling on Thu Feb 05, 2015 3:27 pm, edited 1 time in total.
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Re: KC metro JOBS (general KC economy thread)

Post by warwickland »

earthling wrote:Yeah, Indy and Columbus have been benefiting from most Great Lakes states not doing particularly well. KC meanwhile has been fighting itself over state line but did suddenly jump end of year to be more relatively comparable to Indy/Columbus in the end.

Here is STL...

STL labor force not only not yet recovered to its 2006 peak, it's still below 10 years ago.
Image

STL employment also still below 10 years ago, but at least it did jump a decent amount in last year.
Image

The State of MO has recovered both labor force and employment so STL is pretty behind.
it depends on what was "recovered" in the state of missouri. also, you guys don't have illinois pulling you down...the only thing that "matters" in that state is the city-state of chicago and the rest of the state is crumbling.
..
the unemployment rate in st. louis county was 5.3% and st. louis city 7.3%. jackco was 6.3%. you also have kansas lifting your metro % and illinois depressing us. the metro east (illinois) economy is heavily manufacturing based.

so be careful when you say something like "The State of MO has recovered...STL is behind..." St. Louis County has a million people, all Missourians.
Last edited by warwickland on Thu Feb 05, 2015 10:42 am, edited 5 times in total.
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Re: KC metro JOBS (general KC economy thread)

Post by earthling »

Yeah, agree with you about STL but MO side of KC carried its weight lately and KS side has WyCo that can drag down KS. The MO side of KC alone had nearly same raw employment growth as all of STL metro in last year, % wise much higher - and yet KC is barely catching up to national avg. Given how much faster KC labor force shot up recently, the unemployment 'rate' could be worse but the employment growth is keeping up (or more people are entering workforce/moving to KC because of job growth). Unemployment 'rate' is the worst stat to track as the labor force it uses is a wishy washy poll, raw employment numbers better to factor.

Here is the job growth for MO and KS sides of KC metro since 2010...

MO side of KC metro was slow growth at first but jumped in last year (it kicked in high gear last few months of 2014) - method reported by companies/employers.
Image


KS side of KC metro added less than 10K in last year but added more overall since 2010.
Image
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Re: KC metro JOBS (general KC economy thread)

Post by KCtoBrooklyn »

Here is how KC ranks nationally in job growth numbers and unemployment. Generally as you would expect, middle of the pack:

Numerical job growth by MSA (December 2013-December 2014)

+136,900 - Dallas/Fort Worth
+129,000 - New York
+120,600 - Houston
+104,100 - Los Angeles
+72,800 - Miami
+65,900 - San Francisco/Oakland
+64,700 - Atlanta
+57,500 - Seattle
+50,200 - Boston
+49,800 - Phoenix

+47,500 - Orlando
+44,500 - San Diego
+43,600 - Denver
+40,000 - Chicago
+39,300 - San Jose
+32,200 - Portland
+32,100 - Minneapolis/St. Paul
+28,500 - San Antonio
+25,600 - Nashville
+25,500 - Austin

+25,500 - Indianapolis
+24,700 - Riverside/San Bernardino
+23,200 - Jacksonville
+23,000 - Las Vegas
+22,300 - Kansas City
+21,900 - Baltimore
+21,700 - Cincinnati
+21,100 - Salt Lake City
+20,900 - Philadelphia
+20,800 - Washington DC

+20,700 - Charlotte
+19,700 - Detroit
+19,400 - Raleigh
+18,400 - Oklahoma City
+17,900 - Milwaukee
+17,900 - Sacramento
+17,100 - St. Louis
+15,200 - Richmond
+14,900 - Louisville
+14,300 - Tampa

+12,600 - Pittsburgh
+12,400 - Cleveland
+10,400 - Providence
+8,300 - Columbus
+8,300 - Virginia Beach/Norfolk
+7,700 - New Orleans
+6,800 - Hartford
+5,900 - Memphis
+5,000 - Birmingham
+4,500 - Buffalo

+3,300 - Rochester


Percent job growth by MSA (December 2013-December 2014)

+4.4% - Dallas/Fort Worth
+4.3% - Orlando
+4.2% - Houston
+4.0% - San Jose
+3.7% - Jacksonville
+3.5% - Raleigh
+3.3% - Denver
+3.3% - San Diego
+3.2% - Seattle
+3.1% - Nashville

+3.1% - Portland
+3.1% - Salt Lake City
+3.1% - San Antonio
+3.1% - San Francisco/Oakland
+3.0% - Miami
+3.0% - Oklahoma City
+2.9% - Austin
+2.7% - Indianapolis
+2.7% - Las Vegas
+2.7% - Phoenix

+2.6% - Atlanta
+2.4% - Richmond
+2.3% - Charlotte
+2.3% - Louisville
+2.2% - Kansas City
+2.1% - Cincinnati
+2.1% - Milwaukee
+2.0% - Riverside/San Bernardino
+2.0% - Sacramento
+1.9% - Boston

+1.9% - Providence
+1.8% - Los Angeles
+1.8% - Minneapolis/St. Paul
+1.6% - Baltimore
+1.5% - New York
+1.4% - New Orleans
+1.3% - St. Louis
+1.2% - Cleveland
+1.2% - Hartford
+1.2% - Tampa

+1.1% - Detroit
+1.1% - Pittsburgh
+1.1% - Virginia Beach/Norfolk
+1.0% - Birmingham
+1.0% - Memphis
+0.9% - Chicago
+0.8% - Buffalo
+0.8% - Columbus
+0.8% - Philadelphia
+0.7% - Washington DC

+0.6% - Rochester

Unemployment Rates for Large Metropolitan Areas
Monthly Rankings
Not Seasonally Adjusted
Dec. 2014

1 Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area 3.3
2 Austin-Round Rock-San Marcos, TX Metropolitan Statistical Area 3.4
3 Oklahoma City, OK Metropolitan Statistical Area 3.6
4 Columbus, OH Metropolitan Statistical Area 3.7
5 San Antonio-New Braunfels, TX Metropolitan Statistical Area 3.8
6 Denver-Aurora-Broomfield, CO Metropolitan Statistical Area 3.9
7 Dallas-Fort Worth-Arlington, TX Metropolitan Statistical Area 4.0
8 Cincinnati-Middletown, OH-KY-IN Metropolitan Statistical Area 4.1
8 Houston-Sugar Land-Baytown, TX Metropolitan Statistical Area 4.1
10 Boston-Cambridge-Quincy, MA-NH Metropolitan NECTA 4.3
11 Pittsburgh, PA Metropolitan Statistical Area 4.4
11 San Francisco-Oakland-Fremont, CA Metropolitan Statistical Area 4.4
13 Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area 4.5
14 Birmingham-Hoover, AL Metropolitan Statistical Area 4.6
14 San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area 4.6
16 Richmond, VA Metropolitan Statistical Area 4.7
17 Louisville-Jefferson County, KY-IN Metropolitan Statistical Area 4.8
17 Seattle-Tacoma-Bellevue, WA Metropolitan Statistical Area 4.8
19 Kansas City, MO-KS Metropolitan Statistical Area 5.0
19 Nashville-Davidson--Murfreesboro--Franklin, TN Metropolitan Statistical Area 5.0
19 Orlando-Kissimmee-Sanford, FL Metropolitan Statistical Area 5.0
19 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metropolitan Statistical Area 5.0
19 Virginia Beach-Norfolk-Newport News, VA-NC Metropolitan Statistical Area 5.0
24 Jacksonville, FL Metropolitan Statistical Area 5.1
25 Milwaukee-Waukesha-West Allis, WI Metropolitan Statistical Area 5.2
25 San Diego-Carlsbad-San Marcos, CA Metropolitan Statistical Area 5.2
27 Charlotte-Gastonia-Rock Hill, NC-SC Metropolitan Statistical Area 5.3
27 Indianapolis-Carmel, IN Metropolitan Statistical Area 5.3
29 Rochester, NY Metropolitan Statistical Area 5.4
30 Baltimore-Towson, MD Metropolitan Statistical Area 5.5
30 Tampa-St. Petersburg-Clearwater, FL Metropolitan Statistical Area 5.5
32 Chicago-Joliet-Naperville, IL-IN-WI Metropolitan Statistical Area 5.6
32 Miami-Fort Lauderdale-Pompano Beach, FL Metropolitan Statistical Area 5.6
32 New York-Northern New Jersey-Long Island, NY-NJ-PA Metropolitan Statistical Area 5.6
32 Phoenix-Mesa-Glendale, AZ Metropolitan Statistical Area 5.6
32 St. Louis, MO-IL Metropolitan Statistical Area1 5.6
37 Buffalo-Niagara Falls, NY Metropolitan Statistical Area 5.7
38 Hartford-West Hartford-East Hartford, CT Metropolitan NECTA 5.8
38 Portland-Vancouver-Hillsboro, OR-WA Metropolitan Statistical Area 5.8
40 Cleveland-Elyria-Mentor, OH Metropolitan Statistical Area 6.0
41 New Orleans-Metairie-Kenner, LA Metropolitan Statistical Area 6.1
42 Providence-Fall River-Warwick, RI-MA Metropolitan NECTA 6.2
42 Sacramento--Arden-Arcade--Roseville, CA Metropolitan Statistical Area 6.2
44 Atlanta-Sandy Springs-Marietta, GA Metropolitan Statistical Area 6.4
45 Detroit-Warren-Livonia, MI Metropolitan Statistical Area 6.7
45 Los Angeles-Long Beach-Santa Ana, CA Metropolitan Statistical Area 6.7
47 Las Vegas-Paradise, NV Metropolitan Statistical Area 6.9
48 Riverside-San Bernardino-Ontario, CA Metropolitan Statistical Area 7.2
49 Memphis, TN-MS-AR Metropolitan Statistical Area 7.6
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Re: KC metro JOBS (general KC economy thread)

Post by earthling »

KC is doing above avg with Pro Biz Services (including sci/tech jobs), Retail/Hospitality and Health jobs. Construction starting to pick back up but everything else pretty flat compared to national avg. Manufacturing not recovering like expected despite auto industry attracting related companies to KC recently - Ford's 900 job announcement should help but might be cyclical. KC also not recovering govt jobs yet. In terms of recovery from last 2006/7 peak, it took KC 9 months longer than national avg to recover, but has more than recovered now. And it appears in the last year, MO side of metro jumped big but KS side recovered more over last several years (two posts back).

http://www.bls.gov/eag/eag.mo_kansascity_msa.htmo
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Re: KC metro JOBS (general KC economy thread)

Post by warwickland »

wow, look at Cincinnati.
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Re: KC metro JOBS (general KC economy thread)

Post by earthling »

Looks like Cincy job growth nearly same as KC but the reason unemployment rate is low is because the labor force isn't growing, while KC's is growing. Problem with using 'unemployment rate' stats is that it is based on labor force, and labor force can fluctuate radically and is hard to track. A person not working and not looking (but could work) is not considered part of labor force, a person looking but not working is considered part of labor force - very difficult for polls to really know who is looking or not. Employment raw numbers is relatively more accurate reports, especially the trend reported by employers (method 2), not labor force (method 1). The poll size for method 2 is 5X more than method 1.

See Cincy labor force, it's not growing compared to most everyone else so it makes it appear they have a low unemployment rate.
http://data.bls.gov/generated_files/gra ... Bforce.gif
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Re: KC metro JOBS (general KC economy thread)

Post by earthling »

One thing KC has had problems with is that even though the open jobs have been there, they have been hard to fill with qualified people. STL also has a fair amount jobs posted but even more problems filling them.

Looking at Indeed.com, Simply Hired and CareerBuilder.com job posting sites, KC has had more job openings posted than several larger markets (STL, Portland, San Diego, Orlando, Charlotte, etc) but had problems filling them. Apparently KC is kicking into gear now and filling them - and closer to national avg now, but will KC keep it going. Might be helping that KC is getting a lot of media love lately but KS/MO at state level not helping.

Check out KC job postings compared to somewhat larger markets (granted there are a lot of multi-posts and seeking from other markets, especially on Indeed and SimplyHired)...
http://www.indeed.com/l-Kansas-City,-MO-jobs.html
http://www.careerbuilder.com/jobseeker/ ... ansas+city
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Re: KC metro JOBS (general KC economy thread)

Post by aknowledgeableperson »

Are there ever reports of jobs that break out those that are considered full time and part time? Or are permanent or temporary?
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Re: KC metro JOBS (general KC economy thread)

Post by earthling »

Not from the Feds by market (that I know of). You can get an idea from looking at the categories that tend to have fulltime/partime jobs. IE KC metro is growing most with Pro/Biz Services jobs, which tend to lean full time/white collar, But KC also annually growing with Leisure/Hospitality jobs, which tend to lean part time.

See each category...
http://www.bls.gov/eag/eag.mo_kansascity_msa.htm

As far as job postings, if you look at indeed.com, they show type of job in left column. Fulltime much higher than parttime but it could be because more full time employers use job sites.
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Re: KC metro JOBS (general KC economy thread)

Post by FangKC »

Missouri employment reaches record high

http://hosted.ap.org/dynamic/stories/M/ ... TE=DEFAULT
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Re: KC metro JOBS (general KC economy thread)

Post by FangKC »

KC falls in Glassdoor's 'Best Cities for Jobs' ranking
After ranking No. 2 in the nation in 2015, the Kansas City metro area tumbled down Glassdoor's ranking of the areas that are good for jobs.

Kansas City dropped to 13th among the 50 most populated U.S. metro areas on the "Best Cities for Jobs" report.
http://tinyurl.com/hp4tls7
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Re: KC metro JOBS (general KC economy thread)

Post by FangKC »

Missouri's job creation ranks among top in nation
The Show-Me State outpaced the eight surrounding states and also ranked in the top 10 nationwide for new jobs created during the past 12 months through November. Missouri gained 57,100 jobs over last year and tied with Connecticut and Massachusetts for the biggest decrease in unemployment rates.
http://tinyurl.com/j4l287a

Missouri leads neighbors in job creation over past year
The BLS report shows Missouri's nonfarm payroll employment grew by 1,900 jobs in November, reaching a new record high for the state with 2,842,200 jobs.


http://tinyurl.com/gnquxy7

Kansas reports thousands of job losses in November
Kansas lost 3,200 private sector jobs in November, the Kansas Department of Labor said Friday.

It was the fourth negative jobs report in the last six months, bringing the state’s total private-sector job losses over the last year to 4,500. Those losses have come during a period when overall national employment has been rising, according to the U.S. Bureau of Labor Statistics.
http://www2.ljworld.com/news/2016/dec/1 ... -november/

Governor Brownback, where is that economic miracle you promised?
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