WSU economic report: 2013 employment remains stable
Oct 3, 2013 7:30 AM | Print
Share

Employment in Wichita and the rest of the United States has remained stable, according to new research by Wichita State University's Center for Economic Development and Business Research.

In the first half of 2013, both the United States and Wichita have continued a modest recovery. Nationally, employment grew 1.1 percent from the second quarter of 2012 to the second quarter of 2013. Wichita employment grew 0.8 percent over the same time period.

The economy should continue a slow and steady recovery in 2014. A quick recovery to pre-recession levels of employment should not be expected. Even the modest recovery has several potential downside risks that could derail it. Further downturns from our major trading partners abroad, tightening monetary policy, new regulation and further fiscal austerity could all darken our outlook for 2014.

Total nonfarm employment is expected to increase by 3,419 jobs in 2014, for a growth rate of 1.2 percent. Production sectors are projected to grow by 854 jobs, or 1.3 percent, with durable goods manufacturing growing at 0.8 percent.

Trade, transportation and utilities will grow by 336 jobs, or 0.7 percent. The service sectors will provide most of the job growth for Wichita, adding 2,056 jobs, or 1.6 percent. The professional and business services sector will add 832 jobs, and the education and health services sector will add 753 jobs.

Download the full Wichita Economic Outlook report

The report includes an industry level forecast, a highlight of key growth factors and industry news.

Created on Oct 3, 2013 7:30 AM; Last modified on Oct 4, 2013 12:16 PM
#
HEADLINES RSS Feed
Report shows Wichita State grads doing well
WSU students help the homeless
WSU students work on campus construction projects
WSU School of Nursing offers RN-BSN program
Historic bookcase returns to Wichita State
WSU professors seek input on study
Elliott School honors outstanding alums
WSU's Sigma Xi wins Chapter Award
Linwood Sexton Scholarship award winner
Wichita State physical education educator honored
New partner for WSU's tech cluster
KSBDC and PTAC offer free seminar
Russell named director for new center
WSU Nerd Union hosts LARP event
More K-12 schools teach engineering
Psychology professor, Children's Champion
Kansas Senate, House OK $2M for innovation campus
Virgin America still No. 1 airline
'Forty Years/Forty Stories' at WSU museum
February/March 2014 Academe at Wichita State
See a virtual walk-through of Shocker Hall
Wichita high schoolers win WSU Jabara Scholarships
© 1995-2014 Wichita State University. All rights reserved.
Valid HTML 401