Summary of Current Tenth District Economic Conditions
The unemployment rate was 3.8 percent across the Tenth District states in March, and total payroll employment grew 0.9 percent compared to the previous year. Employment growth was mixed across industries, with the strongest percentage gains in the leisure and hospitality and private education sectors. Tenth District nominal personal income grew 3.0 percent in the fourth quarter of 2016 compared to the previous year. In the energy sector, rig counts were well above year-ago levels. The Federal Reserve Bank of Kansas City's Manufacturing Survey indicated an increase in manufacturing activity in March 2017, with a composite index of 60.0. Nonirrigated farmland values, as measured by the Federal Reserve Bank of Kansas City's Survey of Agricultural Credit Conditions, decreased 5.8 percent in the fourth quarter of 2016 compared to the same period in 2015.
This databook provides current economic indicators to help monitor trends and allow comparison of past information. These indicators include: gross domestic product (GDP); inflation; employment; employment by industry; state unemployment; personal income; home prices; housing indicators; manufacturing activity; oil, gas and coal production; agriculture; and exports.