WSU job growth report says Wichita nearing full employment
WICHITA, Kan. (KSNW) — Job growth is expected to slow in Wichita, according to a new study from Wichita State University. Production, trade and service sectors are all expected to be affected.
The report finds that Wichita is nearing full employment, meaning the city’s workforce is being fully utilized. This leads to more competition for labor and wages.
KSN spoke with Craig Compton, Research Economist and Project Manager at the Center for Economic Development and Business Research at WSU. He said Kansas does not have an employment problem; the state does have a wage problem, and businesses will need to close the wage gap.
“The main factors that we expect to contribute to the slowdown are inflation and supply chain issues within the manufacturing sector,” he said.
He says manufacturing, prominent in Wichita, supports 30% of the state’s economy. So, supply chain issues and production slowdowns impact the economy.
However, Compton says despite this slow job growth, overall incomes are expected to rise by 3.3% in 2025.
Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
For the latest news, weather, sports, and streaming video, head to KSN-TV.