2018 Updated Wichita Employment Forecast released
In 2018, Wichita total nonfarm employment is expected to increase by 1,496 jobs, growing by 0.5 percent, with an expected growth range between 0.3 percent and 0.8 percent.
The service sectors (1,140 jobs) and Production Sectors (440 jobs) are forecasted to be the fastest growing portion of the Wichita area economy, with 0.8 and 0.6 percent growth, respectively. The trade, transportation and utilities (-130 jobs) sector is expected to contract by 0.2 percent. Whereas, the government sector is projected remain approximately flat, expanding by 0.1 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."
Read the full 2017 Wichita Employment Forecast at www.outlook.cedbr.org.
A graph and table are available at the above link.
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Contact: Jeremy Hill, Director W. Frank Barton School of Business Center for Economic Development and Business Research, 316-213-3673 or jeremy.hill@wichita.edu.