Overall unemployment rate moved down to 3.1% with the biggest shift in Business Services, which gained 3,000 roles, based on the most recently available information published in September 2022.
Total employment in the Kansas City, MO-KS market declined by 13,316 jobs in August and the unemployment rate decreased compared to the prior month by 10 bps to 3.1%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Kansas City, MO-KS unemployment rate is 69 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 4.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 217,700; +700
- Business Services: 187,900; +3,000
- Education & Healthcare: 162,000; +2,100
- Government: 140,100; +600
- Restaurants & Hotels: 106,300; -2,500
- Manufacturing: 81,000; +1,400
- Financial Services: 75,700; -1,100
- Construction, Mining: 61,600; -400
- Other Jobs: 42,000; -200
- IT & Development: 16,400; -100
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.