KC area job growth pales in comparison with many metro areas
07/30/2014 10:00 AM
07/30/2014 9:33 PM
Kansas City area employers had about 2,200 more workers on their payrolls in June 2014 than June 2013, the U.S. Bureau of Labor Statistics reported Wednesday.
That 0.2 percent growth — to 1,022,200 jobs from 1,020,000 a year earlier — paled in comparison with many metro areas. Minneapolis-St. Paul, for example, gained 31,900 jobs over the 12 months.
Lawrence earned special note in the June report for its 8 percent payroll gain from June to June, the second largest growth rate among the 372 metro areas tracked by the bureau.
The Kansas City area’s unemployment rate for June was estimated at 6.3 percent, up from 6.1 percent in May but down from 6.6 percent in June 2013.
There were about 66,000 unemployed people looking for work in the area in June, about 3,600 fewer than in the same month a year earlier, the bureau reported.
The report also noted that the size of the Kansas City area labor force has shrunk over the past 12 months, down to 1,051,100 from 1,061,100. Labor force declines are due to voluntary retirements; discouraged job seekers stopping their job hunts; people leaving their jobs for various reasons such as child care, elder care or personal illness; and people moving away from the area.
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