13
For more information, contact: Barbara Hersh Marketing and Comm. Director 401 S.W. Topeka Blvd Topeka, KS 66603 Phone: 785-296-0901 Fax: 785-296-0753 Review and Analysis for March 2018 (Embargoed until April 20, 2018) Summary 1 February nonfarm job estimates were revised upward by 1,200 jobs from 1,413,000 to 1,414,200. Private sector jobs were revised upward by 1,300 jobs from 1,155,600 to 1,156,900. Estimates are seasonally adjusted. Kansas gained 2,100 jobs over the month. Over the past 12 months, the number of nonfarm jobs increased by 10,700 jobs. Estimates are seasonally adjusted. The private sector gained 2,200 jobs over the month, or 0.2%. The largest gains were in Trade, Transportation and Utilities (+1,100); Professional and Business Services (+1,000); and Financial Activities (+700). Over the past 12 months, the private sector gained 9,400 jobs. Estimates are seasonally adjusted. Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal hourly earnings increased by $0.58 to $23.76 (+2.5%). Average nominal weekly earnings increased by $24.29 (+3.1%) over the past 12 months. Estimates are not seasonally adjusted. In March the labor force decreased by 810, the pool of unemployed decreased by 408 and employment decreased by 402. Estimates are seasonally adjusted. The unemployment rate remained at 3.4% in March. Estimates are seasonally adjusted. Over the past 12 months, initial claims decreased by 4,738 and continued claims decreased by 8,985 (these numbers include all programs). The number of individuals receiving unemployment insurance benefits decreased by 3,788 over the year. Average duration of benefit receipt increased by 0.3 weeks over the past 12 months. Estimates are not seasonally adjusted.

(Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

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Page 1: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

For more information, contact:

Barbara Hersh

Marketing and Comm. Director

401 S.W. Topeka Blvd

Topeka, KS 66603

Phone: 785-296-0901

Fax: 785-296-0753

Review and Analysis for March 2018(Embargoed until April 20, 2018)

Summary

1

February nonfarm job estimates were revised upward by 1,200 jobs from 1,413,000 to 1,414,200. Private

sector jobs were revised upward by 1,300 jobs from 1,155,600 to 1,156,900. Estimates are seasonally

adjusted.

Kansas gained 2,100 jobs over the month. Over the past 12 months, the number of nonfarm jobs increased

by 10,700 jobs. Estimates are seasonally adjusted.

The private sector gained 2,200 jobs over the month, or 0.2%. The largest gains were in Trade,

Transportation and Utilities (+1,100); Professional and Business Services (+1,000); and Financial Activities

(+700). Over the past 12 months, the private sector gained 9,400 jobs. Estimates are seasonally adjusted.

Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in

March 2018. Average nominal hourly earnings increased by $0.58 to $23.76 (+2.5%). Average nominal

weekly earnings increased by $24.29 (+3.1%) over the past 12 months. Estimates are not seasonally adjusted.

In March the labor force decreased by 810, the pool of unemployed decreased by 408 and employment

decreased by 402. Estimates are seasonally adjusted.

The unemployment rate remained at 3.4% in March. Estimates are seasonally adjusted.

Over the past 12 months, initial claims decreased by 4,738 and continued claims decreased by 8,985 (these

numbers include all programs). The number of individuals receiving unemployment insurance benefits

decreased by 3,788 over the year. Average duration of benefit receipt increased by 0.3 weeks over the past

12 months. Estimates are not seasonally adjusted.

Page 2: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

2

-1,000

-300

-100

0

100

300

400

700

1,000

1,100

-100

2,200

2,100

-1,500 -1,000 -500 0 500 1,000 1,500 2,000 2,500

Leisure and Hospitality

Other Services

Education and Health Services

Mining and Logging

Construction

Information

Manufacturing

Financial Activities

Professional and Business Services

Trade, Transportation and Utilities

GOVERNMENT

TOTAL PRIVATE

TOTAL NONFARM

Over-the-Month Job Gain/Loss

Over-the-Month Change in Employment (seasonally adjusted)Kansas

March 2018

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Current Employment Statistics (CES)

Six of the 11 major sectors gained jobs over the month while four lost jobs. Mining remained unchanged.

Page 3: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

3

March

2018 Absolute Percent Absolute Percent

TOTAL NONFARM 1,412,200 7,200 0.5% 11,200 0.8%

GOVERNMENT 265,000 500 0.2% 2,300 0.9%

TOTAL PRIVATE 1,147,200 6,700 0.6% 8,900 0.8%

GOODS-PRODUCING 225,600 2,100 0.9% -1,500 -0.7%

Mining and Logging 6,900 0 0.0% 200 3.0%

Construction 56,000 1,700 3.1% -3,900 -6.5%

Manufacturing 162,700 400 0.2% 2,200 1.4%

PRIVATE SERVICE-PROVIDING 921,600 4,600 0.5% 10,400 1.1%

Trade, Transportation and Utilities 267,100 1,400 0.5% 2,500 0.9%

Information 19,300 300 1.6% -400 -2.0%

Financial Activities 78,300 600 0.8% 400 0.5%

Professional and Business Services 180,100 1,900 1.1% 5,900 3.4%

Education and Health Services 198,400 -300 -0.2% 1,600 0.8%

Leisure and Hospitality 127,900 800 0.6% 700 0.6%

Other Services 50,500 -100 -0.2% -300 -0.6%

Industries in green added the most jobs over the year, and industries in red lost the most jobs over the year.

Nonfarm job statistics on subsectors will be furnished upon request.

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Current Employment

Statistics (CES)

March 2018 Not Seasonally Adjusted Nonfarm Jobs

Place of Work Data

Month Change 12 Month Change

Page 4: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

4

126,000,000

128,000,000

130,000,000

132,000,000

134,000,000

136,000,000

138,000,000

140,000,000

142,000,000

144,000,000

146,000,000

148,000,000

150,000,000

1,260,000

1,280,000

1,300,000

1,320,000

1,340,000

1,360,000

1,380,000

1,400,000

1,420,000

1,440,000

1,460,000

1,480,000

1,500,000M

ar-1

3A

pr-

13

May

-13

Jun

-13

Jul-

13

Aug-

13

Sep

-13

Oct

-13

No

v-1

3D

ec-1

3Ja

n-1

4F

eb-1

4M

ar-1

4A

pr-

14

May

-14

Jun

-14

Jul-

14

Aug-

14

Sep

-14

Oct

-14

No

v-1

4D

ec-1

4Ja

n-1

5F

eb-1

5M

ar-1

5A

pr-

15

May

-15

Jun

-15

Jul-

15

Aug-

15

Sep

-15

Oct

-15

No

v-1

5D

ec-1

5Ja

n-1

6F

eb-1

6M

ar-1

6A

pr-

16

May

-16

Jun

-16

Jul-

16

Aug-

16

Sep

-16

Oct

-16

No

v-1

6D

ec-1

6Ja

n-1

7F

eb-1

7M

ar-1

7A

pr-

17

May

-17

Jun

-17

Jul-

17

Aug-

17

Sep

-17

Oct

-17

No

v-1

7D

ec-1

7Ja

n-1

8F

eb-1

8M

ar-1

8

U.S

. N

on

farm

Jo

bs

Kan

sas

No

nfa

rm J

ob

s

Month-Year

Nonfarm JobsKansas and U.S.

March 2013 to March 2018

Kansas Jobs Kansas Jobs (Seasonally Adjusted) U.S. Jobs (Seasonally Adjusted)

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Current Employment Statistics (CES)

Over-the-Year Percent Change in Jobs, Not Seasonally Adjusted (KS) +0.8%Over-the-Year Percent Change in Jobs, Not Seasonally Adjusted (US) +1.6%

Kansas posted over-the-month job growth for ten consecutive months. This positive trend is an improvement over job growth in 2015 and 2016.

Page 5: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

5

(1,500)

6,500

8,000

10,100

5,700

9,800

4,300 3,500

4,800

6,700

(4,000)

(2,000)

-

2,000

4,000

6,000

8,000

10,000

12,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Ch

an

ge i

n E

mp

loym

en

t

Month-Year

Over-the-Month Change in Private Sector JobsNot Seasonally Adjusted

KansasMarch 2009 - March 2018

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Current Employment Statistics (CES)

Average of prior 10 years: +6,000 jobs

Seasonal job growth is typical for March. This year's growth was slightly stronger than the average of the last 10 years.

Page 6: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

6

0.3

%

-0.9

% -0.7

%

-0.2

%

-0.2

%

-0.1

%

0.0

%

0.2

%

0.4

% 0.6

%

0.9

%

0.6

% 0.8

%

0.6

%

2.1

%

0.0

%

0.9

%

2.4

%

1.2%

0.9

%

0.0

%

0.9

%

1.5%

-0.3

%

0.0

% 0.6

%

0.2

%

-0.4

%

-0.3

%

0.8

%

0.7

%

-0.1

%

0.5

%

0.0

%

-0.6

%

0.3

%

-0.7

%

0.8

%

0.7

%

-1.5%

-1.0%

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18

Perc

en

t

Month-Year

Over-the-Year Change in Private Sector Jobs, Average Weekly Hours, and Real Hourly EarningsNot Seasonally Adjusted

KansasMarch 2017 to March 2018

Jobs Average Weekly Hours Real Hourly Earnings

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Current Employment Statistics (CES)

Private sector jobs, average weekly hours worked, and real hourly earnings all increased compared to last March. This is only the third month during the last year that all three measures of demand for labor have been positive.

Page 7: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

HOUSEHOLD DATA

7

• The labor force decreased by a net of 810 individuals to a total of 1,475,318 participants over the

month. Estimates are seasonally adjusted.

• Employment decreased by a net of 402 individuals to 1,425,233 over the month. Estimates are

seasonally adjusted.

• The pool of the unemployed decreased by a net of 408 individuals to 50,085 over the month. Estimates

are seasonally adjusted.

• The unemployment rate remained at 3.4% in March. Estimates are seasonally adjusted. The revised

unemployment rate for February remained at 3.4%.

• Over the last 12 months the unemployment rate decreased from 3.7% in March 2017 to 3.4% in March

2018. Estimates are seasonally adjusted.

Page 8: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

8

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0M

ar-1

5

Ap

r-15

May

-15

Jun

-15

Jul-

15

Aug-

15

Sep

-15

Oct

-15

No

v-1

5

Dec

-15

Jan

-16

Feb

-16

Mar

-16

Ap

r-16

May

-16

Jun

-16

Jul-

16

Aug-

16

Sep

-16

Oct

-16

No

v-1

6

Dec

-16

Jan

-17

Feb

-17

Mar

-17

Ap

r-17

May

-17

Jun

-17

Jul-

17

Aug-

17

Sep

-17

Oct

-17

No

v-1

7

Dec

-17

Jan

-18

Feb

-18

Mar

-18

Un

em

plo

ym

en

t R

ate

(%

)

Mar

-15

Apr-

15

May

-15

Jun-

15

Jul-

15

Aug

-15

Sep-

15

Oct-

15

Nov

-15

Dec-

15

Jan-

16

Feb-

16

Mar

-16

Apr-

16

May

-16

Jun-

16

Jul-

16

Aug

-16

Sep-

16

Oct-

16

Nov

-16

Dec-

16

Jan-

17

Feb-

17

Mar

-17

Apr-

17

May

-17

Jun-

17

Jul-

17

Aug

-17

Sep-

17

Oct-

17

Nov

-17

Dec-

17

Jan-

18

Feb-

18

Mar

-18

U.S. 5.6 5.1 5.3 5.5 5.6 5.2 4.9 4.8 4.8 4.8 5.3 5.2 5.1 4.7 4.5 5.1 5.1 5.0 4.8 4.7 4.4 4.5 5.1 4.9 4.6 4.1 4.1 4.5 4.6 4.5 4.1 3.9 3.9 3.9 4.5 4.4 4.1

Kansas 4.4 4.2 4.3 4.5 4.7 4.2 3.7 3.6 3.6 3.5 4.2 4.1 4.1 3.7 3.8 4.4 4.7 4.4 3.9 3.8 3.7 3.5 4.2 4.0 3.7 3.4 3.5 3.9 4.2 4.0 3.3 3.1 3.1 3.0 3.5 3.6 3.4

U.S. SA 5.5 5.4 5.5 5.3 5.2 5.1 5.0 5.0 5.0 5.0 4.9 4.9 5.0 5.0 4.7 4.9 4.9 4.9 5.0 4.9 4.6 4.7 4.8 4.7 4.5 4.4 4.3 4.3 4.3 4.4 4.2 4.1 4.1 4.1 4.1 4.1 4.1

Kansas SA 4.4 4.4 4.3 4.2 4.1 4.0 4.0 4.0 3.9 3.9 3.9 3.9 3.9 4.0 4.0 4.1 4.1 4.1 4.2 4.1 4.1 4.0 3.9 3.8 3.7 3.6 3.6 3.6 3.6 3.6 3.6 3.5 3.5 3.5 3.5 3.4 3.4

Unemployment RateKansas and U.S.

March 2015 - March 2018

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Local Area Unemployment Statistics (LAUS)

The unemployment rate in Kansas and the US remained steady from last month.

Page 9: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

9

Mar-171,478,421

Mar-181,475,318

Mar-171,423,789

Mar-181,425,233

1,340,000

1,360,000

1,380,000

1,400,000

1,420,000

1,440,000

1,460,000

1,480,000

1,500,000

1,520,000M

ar-1

3

May

-13

Jul-

13

Sep

-13

No

v-1

3

Jan

-14

Mar

-14

May

-14

Jul-

14

Sep

-14

No

v-1

4

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5

Jan

-16

Mar

-16

May

-16

Jul-

16

Sep

-16

No

v-1

6

Jan

-17

Mar

-17

May

-17

Jul-

17

Sep

-17

No

v-1

7

Jan

-18

Mar

-18

Peo

ple

Month-Year

Labor Force and EmploymentSeasonally Adjusted

KansasMarch 2013 to March 2018

Labor Force

Number of People Employed

Source: Kansas Department of Labor, Labor Market Information Services in conjunction with the Bureau of Labor Statistics LAUS program.

From March 2017 to March 2018 the labor force decreased by 0.2% (-3,103 people). Over the same time period the number of people employed increased by 0.1% (1,444).

The number of people employed and the number of people in the labor force did not change significantly this month.

Page 10: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

UNEMPLOYMENT INSURANCE

CLAIMSEstimates are not seasonally adjusted

10

• Over the year, initial claims decreased by 4,738 and continued claims decreased by 8,985 claims

(these numbers include all programs). Estimates are not seasonally adjusted.

• The number of individuals receiving unemployment insurance benefits decreased by 1,676 over

the month, and decreased by 3,788 from March 2017.

• Average duration of benefit receipt remained unchanged over the month and increased by 0.3

weeks over the past 12 months to 11.1 weeks. (average duration is measured with a 12 month

moving average).

Page 11: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

11

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000Ja

n

Jan

Jan

Jan

Feb

Feb Feb

Feb

Mar

Mar

Mar

Mar

Mar

Ap

r

Ap

r

Ap

r

Ap

r

May

May

May

May

May

Jun

Jun

Jun

Jun

Jul

Jul

Jul

Jul

Aug

Aug

Aug

Aug

Aug

Sep

Sep

Sep Sep

Oct

Oct

Oct

Oct

Oct

No

v

No

v

No

v

No

v

Dec

Dec

Dec

Dec

Nu

mb

er

of

Cla

ims

Month

Weekly Initial Claims (4-Week Moving Average)Kansas

2007, 2017, and 2018

2007 2017 2018

Source: Kansas Department of Labor, Labor Market Information Services; Unemployment Insurance Statistics Each data point represents an average of initial claims for the current week and three preceding weeks.

Initial claims fell over the month due to fewer layoffs.

Page 12: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

12

0

5,000

10,000

15,000

20,000

25,000Ja

n

Jan

Jan

Jan

Feb

Feb Feb

Feb

Mar

Mar

Mar

Mar

Mar

Ap

r

Ap

r

Ap

r

Ap

r

May

May

May

May

May

Jun

Jun

Jun

Jun

Jul

Jul

Jul

Jul

Aug

Aug

Aug

Aug

Aug

Sep

Sep

Sep Sep

Oct

Oct

Oct

Oct

Oct

No

v

No

v

No

v

No

v

Dec

Dec

Dec

Dec

Nu

mb

er

of

Cla

ims

Month

Weekly Continued Claims (4-Week Moving Average)Kansas

2007, 2017, 2018

2007 2017 2018

Source: Kansas Department of Labor, Labor Market Information Services; Unemployment Insurance Statistics Each data point represents an average of continued claims for the current week and three preceding weeks.

The number of continued claims continued to decline from a seasonal high in January.

Page 13: (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in March 2018. Average nominal

13

Mar-1716,320

Mar-1812,532

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

Nu

mb

er

of

Ind

ivid

uals

Month

Number of Individuals Receiving Unemployment Insurance BenefitsKansas

March 2013 to March 2018

Source: Kansas Department of Labor, Labor Market Information Services; Unemployment Insurance Statistics

Claimants Average Duration (Weeks)March 2018 12,532 11.1February 2018 14,208 11.1March 2017 16,320 10.8

OTM Change -1,676 0.0OTY Change -3,788 +0.3

The number of individuals receiving benefits continues to post over the year declines.