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Kansas’ employment forecast could prove fruitful for some, despite looming recession

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Kansas’ employment forecast could prove fruitful for some, despite looming recession


WICHITA, Kan. (KWCH) – Relying on the business you’re employed in, now is an efficient time to search for a brand new job, and probably make more cash. That’s in line with Wichita State College’s Middle for Financial Improvement and Enterprise Analysis 2023 Employment Forecast.

The report reveals nearly all of anticipated development for Kansas in 2023 is inside the manufacturing sectors, rising 1.4% and including 3,316 jobs. The durables manufacturing business is forecast to develop the quickest with 1.9%, pushed by the aerospace business and a number of plant areas and expansions.

“Your means to maneuver up, and upward mobility to make extra wages is absolutely robust. And that’s not going to go away even when we’ve a recession,” stated Jeremy Hill, economist and the director of the WSU Middle for Financial Improvement & Enterprise Analysis.

Current strikes by OPEC and the Federal Reserve might imply that more money gained’t go fairly as far, signaling a recession is changing into increasingly doubtless.

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“What’s the likelihood of a recession? You realize, 2, 3 weeks in the past, I assumed it was loads decrease. I assumed we’d simply decelerate. Earlier this week I assumed it was a couple of 70% likelihood for a recession, and that’s rising,” stated Hill.

He believes Wichita and Kansas are going to do higher relative to the remainder of the nation resulting from a few of our underlying sectors.

“For instance, so long as we’ve don’t have a serious recession subsequent yr, I feel aerospace is gonna proceed to develop and that development goes to gasoline this area within the state. On manufacturing, like meals, I feel we will see a few of our meals providers nonetheless develop this subsequent yr,” stated Hill.

Even when a recession turns into a actuality within the close to future, Hill stated job alternatives will most likely stick round, particularly these in knowledge processing, the place jobs are rising and being stuffed.

“There’s no likelihood of that slowing down, even with a recession and that’s as a result of huge knowledge is necessary for being extra environment friendly for all corporations,” stated Hill.

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The Wichita State economist says even when you do safe a higher-paying job, you’ll want to remain vigilant about managing your wealth.

“The dangerous information, for an on a regular basis family, is that inflation due to OPEC is more likely to stick round, after which the federal reserve making an attempt to deal with it, means you’re gonna have much less {dollars} on the finish of the day,” stated Hill.

Hill stated industries with jobs not being stuffed, embrace these within the leisure and hospitality sectors, comparable to lodges and eating places.



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Kansas

Kansas’s new license plate design in use after change delayed implementation

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Kansas’s new license plate design in use after change delayed implementation


Kansas’s new standard license plate is now available to the public after it was the overwhelming favorite in a public vote in December.

The “To the Stars” license plate, featuring a silhouette of the Capitol dome and a gradient blue, white and yellow background, will be issued for Kansans who are ordering new or replacement tags. A different design is available for people getting personalized tags, or for people who pay an additional fee for a custom design.

The new design was picked after backlash to what the Kansas Department of Revenue originally proposed. The department allowed Kansans to choose between five designs, and the Capitol dome design won 53% of the 270,000 votes cast.

The change in plans also delayed the implementation of new license plates, which were scheduled to go into use in January.

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The state mirrored the selection process for personalized license plates earlier this month.



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Kansas City Chiefs 2024 futures odds: Chiefs seeking historic three-peat

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Kansas City Chiefs 2024 futures odds: Chiefs seeking historic three-peat


Patrick Mahomes and the Kansas City Chiefs have made plenty of history since his first season as a starter back in 2018. This year, though, they have a chance to do something that would easily trump all their accomplishments over the past six years.

No team has ever won three consecutive Super Bowls, and only three — the Dolphins in the ’70s, the Bills in the ’90s and the Patriots (2016-18) — have ever even reached three.

So even for a squad as talented as this one, what the Chiefs are aiming for this season seems nearly impossible.

That being said, if there’s any team thaat can pull off a three-peat, it’s the one led by Mahomes, tight end Travis Kelce and coach Andy Reid. And it’s not just because of the precocious postseason legend who wears No. 15 for the Chiefs.

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Let’s break down the Kansas City Chiefs’ 2024 NFL futures odds, including the Chiefs’ Super Bowl 59 odds, betting analysis and best bets.

Kansas City Chiefs 2024 Futures Odds

Below are the Chiefs’ futures odds in six of the most popular markets available at the top sportsbooks.

FanDuel DraftKings bet365 Caesars
Super Bowl odds +600 +500 +550 +575
AFC Champion odds +350 +300 +325 +340
AFC West odds -230 -230 -250 -260
Win total over: 11.5 -112 -115 -115 -110
Win total under: 11.5 -108 -105 -105 -110
Odds to make playoffs -470 -600 -550 -550

It’s an understatement to call the Chiefs locks to win the AFC West and reach the postseason.

The question is whether KC can reach the AFC Championship Game for a record seventh consecutive season and/or make the Super Bowl for the third straight year (and fifth time in the last six).

Kansas City Chiefs 2024 Betting Outlook

Anyone who only watched Mahomes late in Super Bowl 58 might find it ridiculous for us to suggest that this offense has room to improve this season, but hear me out.

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Can Mahomes and the Chiefs offense return to their usual level?

Yes, Mahomes and Kelce made whatever plays they had to in the playoffs last year. That was especially true in Kansas City’s 25-22 overtime win over the 49ers in Super Bowl 58.

Kelce led the way with 93 yards receiving on nine catches, and Mahomes completed 34-of-46 passes for 333 yards, two touchdowns and one interception (while adding 66 crucial yards on nine rushing attempts) in that game.

But if it seemed like this offense was a shell of itself last season — particularly in the first half of the Super Bowl and throughout the AFC Championship Game in Baltimore — that’s because this unit was indeed underwhelming for most of the year.

With a mediocre-at-best WR unit (second-round rookie Rashee Rice was the only Chiefs WR with more than 27 catches during the 2023 regular season) and an average running game, Kansas City averaged just 21.8 points per game last year (15th-best in the NFL). The Chiefs ranked No. 8 in offensive DVOA last year and finished the regular season 11-6 and seeded third in the AFC playoff field.

Those numbers would probably be celebrated by every other organization in the league, but 11 regular-season wins marked the fewest of the Mahomes era. Kansas City’s status as 2.5-point road underdogs in Buffalo in the divisional round and 4-point road dogs in Baltimore in the AFC title game is absurd in hindsight, but those lines reflect how beatable this team looked for most of last season.

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Below is a look at how much better the 2023 defense was than usual, per opponent-adjusted DVOA, as well as the offense’s “precipitious”* drop from recent seasons … all the way down to No. 8 in the NFL.

*a precipitous drop relative to the lofty Kansas City standard

Record Result Total DVOA rank Offensive DVOA rank Defensive DVOA rank
2021 12-5 lost AFCCG No. 6 No. 3 No. 22
2022 14-3 won SB No. 4 No. 1 No. 14
2023 11-6 won SB No. 5 No. 8 No. 7

Chiefs enter 2024 with upgraded cast around Mahomes, Kelce

  • PFF OL Unit Ranking: No. 7
  • PFF Receiving Unit (WRs, TEs) Ranking: No. 16
  • PFF RB Unit Ranking: No. 18

Travis Kelce is entering his age-35 season, but based on his performance the last two years, no one should count on him slowing down any time soon.

With RB Isiah Pacheco coming into his own entering his third season (he has averaged an impressive 4.7 yards per attempt on 375 attempts in his first two seasons) and Rice expected to take a step forward*, two of the youngest players on the Chiefs offense have bright futures.

A recent shoulder injury will force free agent signing Marquise “Hollywood” Brown to miss time early this season. Nevertheless, the addition of Brown and fellow speedster Xavier Worthy (the No. 28 overall pick in the 2024 NFL Draft) will make this a more dangerous receiving corps than the one that did just enough to win Super Bowl 58.

*assuming, of course, that he avoids a suspension for his role in a six-car traffic accident in Dallas last spring

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The Kansas City O-line lost starting left tackle Donovan Smith this offseason. But given that the 31-year-old remains a free agent in late August, it’s possible second-rookie Kingsley Suamataia will be an upgrade at LT.

The rest of last year’s starting O-line is back. The health of left guard Joe Thuney, right tackle Jawaan Taylor and backup tackle Wanya Morris is worth monitoring, though, as all three have missed time this preseason. If Thuney and/or Taylor miss extended time, that could hurt Kansas City early, especially against Baltimore in Week 1 and Cincinnati in Week 2.

Still, this offense is significantly better on paper than it was last year, which the rest of the NFL should find terrifying.

Will KC defense remain a strong suit despite key losses?

  • PFF DL Unit Ranking: No. 14
  • PFF Linebacker Unit Ranking: No. 12
  • PFF Secondary Unit Ranking: No. 9

Chris Jones might be the only household name on the Kansas City defense, but it’s hard to imagine this young group taking a step back in 2024.

Each of the top three pass-rushers — Jones, George Karlaftis III and Charles Omenihu — from a front seven that helped the Chiefs pile up 57 sacks last year (second only to Baltimore) returns.

Linebackers Drue Tranquill, Nick Bolton and Leo Chenal form an underrated trio that should remain a strength following 2023 starter Willie Gay’s offseason move to New Orleans after three solid years in Kansas City.

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And even without standout CB L’Jarius Sneed, the KC secondary remains imposing. Last year, it was then-second-year corner Trent McDuffie — not Sneed — who represented the KC defensive backfield on the All-Pro ballot.

KC will miss Sneed — who recorded an impressive 14 passes defensed last year — but the return of McDuffie, as well as nearly every other DB who played significant snaps in 2023, means this will remain a position of strength.

Kansas City Chiefs 2024 Best Bets

  • Chiefs to win Super Bowl (best odds: +600 at FanDuel)
  • Chiefs to win AFC (best odds: +350 at FanDuel)
  • Chiefs win total: over 11.5 (best odds: -110 at Caesars)

Kansas City appears uniquely well-equipped to avoid the issues that typically trip up the reigning Super Bowl champ during the following season. This team has handled success incredibly well since 2018, and it’s coming off a year when it won it all in spite of some glaring weaknesses at key positions.

Thanks in large part to the AFC West drawing the NFC South, the Chiefs also have a manageable slate in 2024, especially for a reigning Super Bowl champ. Per SharpFootballAnalysis, the Chiefs have the 12th-easiest schedule in the NFL this season.

The upgrades at WR, assuming Rice, Brown and Worthy can stay on the field, should improve the passing game as long as Kelce’s production doesn’t suddenly drop off dramatically. At this point, only an injury to Mahomes and/or Kelce would justify skepticism of the Chiefs.

With that in mind, there’s almost no such thing as a bad bet on Kansas City — though their prices in the AFC West and “make the playoffs” markets offer little value.

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Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator’s terms and conditions for important details. Sports betting operators have no influence over newsroom coverage.



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Report predicts Kansas population will grow by half-million in 50 years • Kansas Reflector

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Report predicts Kansas population will grow by half-million in 50 years • Kansas Reflector


TOPEKA — Kansas’ population is expected to grow by nearly 500,000 people in the next 50 years, and non-white residents are predicted to drive that growth, a research center forecasts.

A report from Wichita State University’s Center for Economic Development and Business Research said the state is predicted to add more than 469,000 residents by 2072, which will amount to a 16% increase from the state’s 2022 population.

It’s a sign that Kansas’ population is breaking out of a period of stagnancy, said Jonathan Norris, a research economist at the center, which is a part of the university’s W. Frank Barton School of Business.

The state’s metropolitan areas — Kansas City, Lawrence, Topeka and Wichita — make up the lionshare of the projected growth, Norris said. But that’s because the state’s rural areas are finding their balance.

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Lumped together, rural counties are projected to decline, and metropolitan areas are projected to grow, but historical forecasts indicate rural areas are now experiencing less decline than years past, Norris said.

“The landscape is going to change,” Norris said. “One of the big changes we’re seeing is the increased diversification in those rural areas, too.”

The forecast, which was funded by the Kansas City, Missouri-based nonprofit the Patterson Family Foundation, analyzes mortality, fertility and migration rates along with age and race data from the U.S. Census Bureau’s American Community Surveys to reach its population predictions.

Nearly every county in Kansas will see an increase in non-white residents in the next 50 years, the forecast said. Growth rates regardless of race or ethnicity are expected to increase across the state, but Black, Hispanic, Native American, Asian and Pacific-Islander Kansans, among others, will see higher rates of growth than their white counterparts, the forecast indicates.

Norris attributes this to a few things. In part, white Kansans are likely to have lower birth rates than other racial or ethnic groups. It’s also because people are changing the way they fill out their census forms, Norris said. More and more people are identifying with more than one race or ethnicity.

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The state’s current population is around 2.9 million people, according to the 2020 census. Per the center’s predictions, it would exceed 3 million in 2032 and reach 3.4 million in 2072.

Births in Kansas have steadily decreased in the past 20 years with few exceptions, according to the Kansas Department of Health and Environment’s 2023 preliminary birth report.  However, the center’s forecast predicts the number of children younger than 5 years old will increase by nearly 24% in the next 50 years. The center believes the “growing birth counts will be a powerful driver of population growth beyond 2072,” a Monday news release said.

Kansans older than 65 are projected to experience the most growth in the next 50 years among all age groups with a nearly 23% increase. Population change among younger people — 20 years old and below — will see the most limited growth with a roughly 10% increase.

“Broadly speaking, the changing age composition just means that you’re going to have some different considerations and needs for the workforce,” Norris said.

The forecast, which will be updated annually through 2030, reveals an overall positive outlook on Kansas’ future population changes, Norris said.

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He added: “I think this reflects a lot of optimism for the direction of the state over the next 50 years.”



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