2018 Kansas & Wichita Employment Outlooks - January Update
In 2018, Kansas total nonfarm employment is projected to increase by 0.1 percent, adding approximately 2,000 jobs, with a range of expected growth between negative 0.2 percent and positive 0.5 percent.
CEDBR Director Jeremy Hill comments: "If Kansas employment growth was running a marathon, the state would be toward the back of the pack, as compared to other states. Sometimes in a marathon a successful race is not to gain a trophy; rather to simply make it across the finish line. Over the last couple of years, the state economy has diverted from what is going on nationally, as core sectors within Kansas remain weak. The state economy is expected to see continued slow-predictable growth in 2018."
Wichita total nonfarm employment is forecast to increase by 1,496 jobs, growing 0.5 percent, with an expected growth range between 0.3 percent and 0.8 percent.
CEDBR Director Jeremy Hill comments: "Employment numbers in Wichita were revised up slightly from the fall forecast. Increased growth is not attributed to any one sector, rather a byproduct of revisions in the data. Optimism abounds within the region. Although employment, output and wages are growing slower than expected, the community's "fans" may help the home team pull off some additional wins in 2018, more than what otherwise might be expected."
A new series of articles examining the state of Kansas' manufacturing Industry (To view these, visit www.cedbr.org/researchpage and search "Kansas Manufacturing" as the title.)
Click on any of the above items listed to learn more.
Employment-Population Ratio Across Kansas, Updated 2016 Data
The employment-population ratio is a measure of labor market strength; it is calculated by dividing the number of employed workers in an area by the total civilian non-institutionalized population aged 16 and over in that region. This is often used alongside the unemployment rate in determining the strength of the labor market.
All four Kansas counties shown, have higher employment-population ratios than the United States average for much of this period. Sedgwick County’s employment-population ratio dropped 7.9 percentage points from 2008 to 2010, and since 2010 has dropped an additional 0.5 percentage points.
From September to October 2017, both the WSU Current and Leading Indices increased slightly.
The U.S. and Midwest inflation rates both increased from October 2017 to November 2017.
The unemployment rate for Kansas, as a whole, saw an increase from October 2017 to November 2017. The Wichita (0.3), Topeka (0.3), Manhattan (0.3) and Lawrence (0.3) MSAs all had an increase in the unemployment rate.
Current Unemployment Rate
#Kansas remains one of the slowest growth states in the nation, according to the latest population estimates.
Center for Economic Development and Business Research
1845 Fairmount | Wichita, KS 67260-0121 | Phone: (316) 978-3225 | FAX: (316) 978-3950 | CEDBR@wichita.edu