Kansas City Non-Farm Payrolls Up In April
Non-Farm payrolls for the month of April for the Kansas City MSA were reported last evening. They came in at 1,000,600 people. Peak employment in the MSA was 1,029,600 people in June of 2008. Trough for this cycle was 992,500 people in January, 2009. So we are off about 28,000 people from the peak (about 2.7%) and up 9,000 (about a percent) from the trough. While year over year a slightly deeper drop than in 2001, Kansas City seems to be weathering this recession pretty well. Feels worse than that but maybe I listen to the news too much.
Financial Services employment in the MSA peaked in (get this) June of 2007 at 74,900 people and was in April 73,800 people, a drop of about 1,100 or 1.5%. We seem to have double trough going on. The bottom was 73,200 people in January of both 2008 and 2009. So we have already added 600 jobs in just a few months. Time will tell if we continue to churn at this level. But there seems to be a little net growth.
