2014 Kansas Economic Outlook - May Revision

MSA State Nation Counties

2014 and a question mark sitting on a large arrow that branches into three arrows Nationally, real GDP growth was 2.6 percent in the fourth quarter of 2013, which is moderately strong growth, though a slowdown from the previous quarter. Strong growth in personal consumption expenditures and net exports were the key contributors to this growth. Government purchases continued to decline in the fourth quarter, and may continue to do so throughout 2014. Employment increased by 1.7 percent nationally in 2013. In both Kansas and the Wichita metropolitan area, employment grew by 1.2 percent in 2013.

Read the newly released forecast update.

Civilian labor force

Employed persons consist of: persons who did any work for pay or profit during the survey reference week; persons who did at least 15 hours of unpaid work in a family-operated enterprise; and persons who were temporarily absent from their regular jobs because of illness, vacation, bad weather, industrial dispute, or various personal reasons.

Unemployed persons include: all persons who had no employment during the reference week, were available to for work, except for temporary illness, and had made specific efforts to find work sometime in the last four weeks. This series comes from the Current Population Survey. Source: BLS

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MSA State Nation Counties

Civilian Labor Force - Nation