Kansas economy

Beth Golay / KMUW/File photo

The Wichita and Kansas economies are expected to grow slowly in 2021, but not enough to make up for all the losses suffered in 2020.

Elaine Thompson/AP/NPR

Wichita’s already weakened economy took another blow with the news that Spirit AeroSystems will furlough a number of workers for three weeks.

The furloughs will affect employees who work directly on any Boeing commercial program, according to a Facebook post from Local Lodge 839 of the Machinist Union.

Nadya Faulx / KMUW

This is not a good time to own a small business.

The coronavirus pandemic has upended the economy, both nationally and locally.

Andrea Klinke Johannsen / flickr Creative Commons

An employment forecast released Thursday projects continued economic growth for both the Wichita area and Kansas next year.

Wichita State University’s Center for Economic Development and Business Research (CEDBR) conducts industry-level employment surveys each year to help formulate its forecasts.

CEDBR Director Jeremy Hill says the Wichita area is expected to grow about 0.5% in 2020, adding about 1,600 new jobs. The workforce expanded by 1.3% this year.

He says the slow job growth pattern is a turnaround from 2017 when the region lost jobs.

A new report has some advice for Kansas lawmakers looking at revenue growth that’s beating projections: Don’t count on all of it to last.

The report from the Pew Charitable Trusts outlines strategies states can use to manage growing revenue and maintain balanced budgets.

It recommends that states watch tax collections closely, because some types of tax growth will sag if the economy slows.

neetalparekh / flickr Creative Commons

Kansas has more people working than ever before, the Kansas Department of Labor said Friday.

There are more than 1.4 million people employed in Kansas, according to data from November. The state has gained nearly 3,000 jobs in the last 12 months, mostly from construction, and professional and business services.

The unemployment rate for Kansas was 3.5 percent in November. That is down slightly from October and down from 4.3 percent in November 2016.

The unemployment rate for the Wichita area and Sedgwick County was 3.7 percent.

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J. Schafer / Kansas Public Radio/File photo

new estimate from the Emporia State Economic Index shows Kansas’ economy started to level off in October. 

The GDP for the state shrank slightly by 0.1 percent from September. That follows months of strong growth after a low point in March. There is some positive news: Kansas' GDP grew 1.7 percent since October 2016.

Local Shops To Participate In Small Business Saturday

Nov 25, 2016
Visit Wichita

Visit Wichita is encouraging holiday shoppers to remember the value of local stores during this weekend's Small Business Saturday event.

Small Business Saturday is an annual event created by the credit card company American Express in 2010. Sandwiched between Black Friday and Cyber Monday, the day has steadily become its own annual holiday shopping tradition. According to Jessica Sawatski with Visit Wichita, a lot of small local businesses will offer treats, discounts and special merchandise.

The matchup in Kansas House District 88 in southeast Wichita could be a close race to watch. During the 2014 general election, Republican Joseph Scapa won by less than 30 votes. Now, Democrat Elizabeth Bishop hopes to unseat him.

Both candidates say balancing the state budget is the main priority. Scapa cites the Kansas Statewide Efficiency Review, which he says needs a closer look.

www.kansaseconomy.org

A new website offers comprehensive economic data for Wichita and the state of Kansas.

The website KansasEconomy.org provides trends, economic indicators and the most recent employment and population forecasts. 

The Center for Economic Development and Business Research at Wichita State University created the website to compile economic data from across the state in one place. The center’s director, Jeremy Hill, says the information is coming straight from government sources and will automatically update.

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