TeamKC Blog

<< Return to Blog List

KC Job Market Trends

by Angela Orr | Aug 14, 2017

Kansas City is competing with major metropolitan areas when it comes to tight job markets and low unemployment rates. According to the Federal Reserve, a healthy unemployment rate is one between 4.5 and 5 percent. With a current unemployment rate of 3.9 percent, KC ranks among some of the nation’s largest cities and is just below the national rate of 4.1 percent.

Peer City Unemployment Rates:

Denver

2.3%

San Francisco

3.0%

Austin

3.2%

Washington D.C.

3.6%

Boston

3.8%

Portland

3.3%

Kansas City

3.9%

 

 

Source: Bureau of Labor Statistics – Local Area Unemployment Statistics, May 2017

The tightest job markets in Kansas City include business/financial operations, computer/mathematics, and architecture/engineering. In the table below, percentages indicate the proportion of individuals in the respective markets that are currently unemployed:

Tight Job Markets in KC – Unemployment Rates

Business and Financial Operations

2.4%

Computer and Mathematics

2.3%

Architecture and Engineering

3.0%

Source: Bureau of Labor Statistics – Current Population Survey, June 2017

What this Means for KC
With unemployment rates this low, Kansas City is awash with job opportunities in these respective fields. In the KC region, one of every eight people are employed in business/financial operations, computer/mathematics or architecture/engineering. These industries alone account for 21 percent of all area job growth in the past five years. Within those five years, the KC job market has added nearly 87,000 jobs across all industries.  

TeamKC: Life+Talent offers a multitude of resources to KC Area Development Council investor partners recruiting all types of talent to the region. Contact Jessica Nelson to learn more about how your company may benefit from joining the TeamKC network.

Leave a comment

Share

Search

Archive