TOPEKA, Kan. (AP) - A recent Wichita State University report says Kansas could see more than 12,500 new nonfarm jobs in the coming year.
Wichita State business researchers announced that the rate of growth in nonfarm jobs in the state next year could be .9 percent, higher than this year’s increase of .04 percent for those jobs, The Hutchinson News reported this week.
The report from the Center for Economic Development and Business Research at the university’s business school forecasts that most of new jobs are expected to be in the service sector. The financial, education and health services, as well as leisure and hospitality sectors are also expected to grow.
Growth in trade, transportation, manufacturing and utilities jobs are predicted as well, but only by a little more than half of a percent.
Overall, Kansas’ economic growth “will remain muted until the global economy picks up,” Jeremy Hill, the center’s director, said in a statement.
The report says there will be a slight decline in federal and state government employment, and a slight increase in local government jobs statewide. The majority of job losses will come from the information services sector.
Hill, who spoke Thursday about the forecast at the Wichita Area Annual Economic Outlook Conference, said that while business optimism is high across the state, there is also a subtle feeling that the national economic recovery may be peaking, the Wichita Eagle reported.
“This is where businesses in Kansas should say, ’We need to watch for any sign of recession so we don’t get caught off guard,’” he said.
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Information from: The Hutchinson (Kan.) News, https://www.hutchnews.com
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