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Economy

Missouri Minimum Wage Will Increase Next Year

Posted November 30, 2023 The minimum wage in Missouri is increasing to $12.30 per hour for the next calendar year. Missouri’s new minimum wage will increase by $0.30 from the previous minimum wage of just $12.00 starting Jan. 1, 2024,… more

U.S. GDP Grows to 5.2% in Q3, Higher Than Original Estimates

Posted November 30, 2023 Gross domestic product (GDP) increased by 5.2 percent in the third quarter of 2023, according to a second estimate released by the Bureau of Economic Analysis. Initially estimates held the GDP at 4.9 percent. The Bureau… more

Q&A With Adam Hill

November 27, 2023 Q: What do you consider your organization’s most significant achievement or highlight over the past year? A: Growing our business and employee headcount in the current market was significant. While many of our competitors locally, regionally, and… more

October Sees Small Rise In Unemployment Across Two-State Region

Posted November 17, 2023 The Two-State region experienced small increases in unemployment in October, according to Kansas And Missouri monthly jobs reports. Kansas The Sunflower State showed a seasonally adjusted unemployment rate of 2.9 percent in October. An increase from… more

Region’s Economy Sinks For Third Straight Month, Economic Confidence At All-Time Low

Posted November 16, 2023 Creighton University released its Rural Mainstreet Index (RMI) report for November shows economic decline for the third month in a row, overall Rural Mainstreet Index sank below growth neutral to a three-year low. The region’s overall… more

Report: Only One Third Of Americans Display Career-Building Skills

Posted November 6, 2023 A study by the Kansas City-headquartered DeBreuce Foundation shows around one-third of Americans are employment empowered, defined as individuals having influence in work conditions, stability, income, benefits and fairness. The study titled, Start Early, Succeed Sooner:… more

Home-Buying Pain Point Hits Modern-Era High

Posted October 31, 2023 The run-up in interest rates since early 2022—combined with the pandemic-era spike in home prices—has produced a historic metric, and not a good one: The average monthly payment on a traditional 30-year mortgage recently surpassed its… more

UAW Reaches Tentative Deal With GM, Contentious Strikes Soon To Conclude

Posted October 30, 2023 The United Auto Workers and General Motors, the last of the Big Three to enter into a deal, have entered into an agreement that will see the end of the six-week-long U.S. Labor strikes. The end… more

USDOT Partners With KCMO To Study Finance For $15B In Infrastructure Projects

Posted October 26, 2023 The U.S. Department of Transportation has partnered with Kansas City to enhance innovative delivery and finance infrastructure improvements through an agreement that will support billions of dollars. The Emerging Projects Agreement focuses on Kansas City’s $15… more

Average American’s Net Worth Rises In Part To Higher Home, Stock Prices

Posted October 26, 2023 The Federal Reserve's Survey of Consumer Finances data shows net worth for multiple age groups increased by 37 percent between 2019 and 2022. The substantial increase showed mostly for age groups under the age of 35… more