Archive for Business

Unemployment rate up slightly in Wyandotte County

Unemployment was up slightly, a tenth of a percent, in Wyandotte County, according to figures released today by the Kansas Department of Labor.

The unemployment rate for Wyandotte County was 5.2 percent in December, compared to 5.1 percent in November, according to KDOL figures. For the city of Kansas City, Kan., the rate was 5.2 percent in both months. One year ago, unemployment was 5 percent in Wyandotte County and 5.1 percent in Kansas City, Kan.

Kansas City, Kan., currently is listed with the highest unemployment rate of the larger cities in Kansas.

In Wyandotte County, there were 71,880 people listed as employed, while 3,966 were listed as unemployed, according to the KDOL.

Statewide, the unemployment rate was 4.2 percent, seasonally adjusted, according to KDOL, down from 4.3 percent in November and up from 4 percent one year ago.

Last month, nonfarm jobs statewide in Kansas decreased by 500 from November, according to the KDOL. Kansas private sector jobs decreased by 1,100 in Kansas, the KDOL stated.

During the past year, Kansas lost 9,300 seasonally adjusted total nonfarm jobs, a KDOL spokesman stated, and the state lost 9,400 private sector jobs since December 2015.

“Rounding out the year preliminary estimates show fewer jobs in the state than one year ago,” said Tyler Tenbrink, senior labor economist, Kansas Department of Labor. “Estimates of the size of the labor force improved in December but remain lower than one year ago.”

State revenue receipts met estimates for November, Kansas officials say

November revenue receipts met estimates for the month, but they are down from one year ago, according to state revenue figures.

Corporate income tax receipts were $52,000 more than expected and individual income tax receipts were $970,000 more than estimates.

Kansas recently revised its revenue estimates downward. The actual taxes collected were $408.8 million as compared to the $408.4 million estimate.

There was a decrease in the total collected in November of this year compared to November of last year. November in fiscal year 2017’s total revenues, $408.8 million, decreased compared to November of fiscal year 2016, $439.4 million, according to the state’s figures.

“Retail sales and corporate taxes continue to show negative growth due to agricultural and energy sector weakness. The individual income tax collections for November showed negative growth compared to last year due to the timing of withholding payments. Income tax is showing 3.62 percent growth compared to last year,” said Secretary of Revenue Nick Jordan.

Overall, the state collected $1.4 million more in total tax receipts than estimated.

Total revenue collections totaled $408.8 million for the month or $333,291 more than expected, according to officials.

The state has collected $2.27 billion for the fiscal year to date.

Magazine names most powerful business leaders

Ingram’s Magazine has named its “250 Most Powerful Business Leaders in Greater Kansas City,” and the list includes some with ties to Kansas City, Kan.

On the list are Don Gray, general manager of the Board of Public Utilities; Kansas City, Kan., Mayor Mark Holland; and former Kansas City, Kan., mayor Joe Reardon, now the president and CEO of the Greater Kansas City Chamber of Commerce.

Also on the list are University of Kansas Hospital President Bob Page; KU Hospital Chief Operating Officer Tammy Peterman; and KU Cancer Center Director Dr. Roy Jenson.

Sporting Club’s Robb Heineman is on the list, along with Neal Patterson, chairman and CEO of Cerner, and Cliff Illig, co-founder and vice chairman of Cerner.

The list also includes several other persons whose offices are in Wyandotte County.

To see the entire list, visit www.ingrams.com.