Wichita
Wichita
May 18, 2015
In 2015, Wichita total nonfarm employment is expected to increase by 2,472 jobs, which implies the employment growth rate is anticipated to be 0.8 percent.
The service (2,158) and production (523) sectors are expected to lead the growth in Wichita in 2015, with growth rates of 1.6 percent and 0.8 percent, respectively. The trade, transportation, and utilities sector is projected to add 186 jobs and the government sector is expected to decline by approximately 395 jobs, shrinking by a rate of 1.0 percent.
January 05, 2015
In 2015, Wichita total nonfarm employment is expected to increase by 4,228 jobs, which implies the employment growth rate is anticipated to be 1.5 percent.
The service (2,686) and production (700) sectors are expected to lead the growth in Wichita in 2015, with growth rates of 2 percent and 1.1 percent, respectively. The trade, transportation, and utilities sector is projected to add 710 jobs and the government sector is expected to add approximately 100 new jobs, growing at 0.3 percent.
Read the full 2015 Wichita Employment Forecast.
Nationally, 2014 was a year of strengthening recovery, while the Wichita regional economy suffered some unforeseen setbacks that kept the economy from reaching its full potential. At the national level, real GDP grew by 3.9 percent in the third quarter of 2014, after growing 4.6 percent in the second quarter, and employment grew 1.8 percent through the first eleven months of 2014. Due to a sharp contraction in the production sectors, the Wichita metropolitan area experienced growth weaker than the national average, with employment increasing by 1,312 jobs through the first ten months of 2014, for 0.3 percent growth.
Back in January 2014, the Center for Economic Development and Business Research (CEDBR) at Wichita State University released its 2014 forecast, predicting 2,623 jobs would be added to the Wichita economy in 2014. Given the Wichita economy’s performance in the first ten months of 2014, it is unlikely that the Wichita economy will grow by the 2,623 forecasted for 2014. Outside of the production sectors, CEDBR’s sector forecasts for Wichita employment have been largely accurate. CEDBR will be releasing its updated 2015 employment forecasts on January 5th, 2015.
In 2015, Wichita total nonfarm employment is expected to increase by 4,472 jobs, which implies the employment growth rate is anticipated to be 1.5 percent.
Read the updated Wichita forecast.