Business

From October 2013 to October 2014, area job growth was only 0.6 percent

The Kansas City area’s 0.6 percent gain represented the net addition of 6,000 jobs over the 12 months.
The Kansas City area’s 0.6 percent gain represented the net addition of 6,000 jobs over the 12 months.

Employment grew just 0.6 percent in the Kansas City area from October 2013 to October 2014, according to indicators compiled by the Mid-America Regional Council.

That growth rate, though positive, greatly trails the national job growth rate of 2 percent for that period.

The area’s 0.6 percent gain represented the net addition of 6,000 jobs over the 12 months.

The Kansas City area unemployment rate of 5.6 percent was its lowest since 2008. But it remained worse than the jobless rate in many of Kansas City’s peer cities.

The MARC analysis said Nashville, Indianapolis, Dallas-Fort Worth, Cincinnati, Austin, Denver, Oklahoma City, Omaha and Minneapolis had lower unemployment rates than Kansas City.

Much of the Kansas City area’s job growth came in the health and professional or business service sectors.

All of the economic indicators “are moving in the right direction,” the MARC analysis said. But “even this improvement is a bit frustrating, though, as we continue to lag the nation in employment growth.”

To reach Diane Stafford, call 816-234-4359 or send email to stafford@kcstar.com. Read more from Diane at kansascity.com/workplace. Twitter: @kcstarstafford.

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