Wichita State University’s Center for Economic Development and Business Research has released an updated Kansas Employment Forecast.
In 2017, Kansas total nonfarm employment is forecast to increase by 7,049 jobs, with an anticipated growth rate of 0.5 percent.
The service sector is expected to lead the growth in the state in 2017, adding over 5,000 jobs for 0.8 percent employment growth. The production and trade, transportation, and utilities sectors are projected to add 600 jobs and 900 jobs, respectively, for 0.3 percent growth in each sector. Whereas, the government sector is projected to remain constant, growing by 0.1 percent.
Unlike the U.S. economy, the Kansas economy may have reached its peak,” says CEDBR Director Jeremy Hill. “There are now multiple signs of an economy that is losing steam. Although the forecast calls for employment growth at half of the rate over the past five years, increased caution should be add as a state-led recession is potentially around the corner.”
Read the full 2017 Kansas Employment Forecast at www.outlook.cedbr.org.