Kansas Job Growth Rate Slows, Signaling Possible Recession
A new forecast shows that employment rates in the state of Kansas and the city of Wichita are leveling off, possibly signaling a recessive economy ahead.
There is still some job growth in Wichita and the state, but both are forecasted to have slower growth in 2017.
Non-farm jobs for the state are at one-half of one percent for this year compared to the last five years at one percent. The Wichita metro area's non-farm jobs will grow at .6 percent.
In both the city and the state, the largest growth area is in the service sector – which includes professional and business services and health care. But in Wichita, leisure and hospitality also join in the service growth areas.
Jeremy Hill director of WSU's Center for Economic Development and Business Research says that he sees many signs of an economy losing steam and that a "state-led recession is potentially around the corner.”
Aileen LeBlanc is news director at KMUW. Follow her on Twitter @Aileen_LeBlanc.
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