There’s good and perhaps not-so-good news to share about the job market in Kansas.
First, the great news is that the state has regained all of the private-sector jobs it lost in the Great Recession. Its unemployment rate is now 5.1%
On the other hand, wages have been on the upswing but are still rebounding when adjusted for inflation, according to state Department of Labor economist Tyler Tenbrink.
Kansas should continue to see growth in the number of private-sector, non-farm jobs over the next six to 12 months, he said.
Meanwhile, the Kansas City metropolitan area’s unemployment rate came in at 4.8 percent in October, according to the latest estimates from the federal government.
That’s considerably better than the 5.5 percent jobless rate we saw in October 2013.
On the other hand, while non-farm employment stood at 1,024,200 jobs in October, that’s only about 7,000 more job than a year ago.
In other words, the state experienced a 0.7 percent increase, while the national average saw 2 percent growth over the same period.
So, like I said at the start, it’s a bit of a mixed bag on the employment front, though definitely headed in the right direction.
About the Author
Lon is the former publisher of the Colorado Springs Business Journal and Colorado Springs Military Newspaper Group.He has served in leadership roles at various newspapers in Iowa, Florida and Wisconsin. Lon received his Bachelor of Arts in Communications from the University of Wisconsin, Eau Claire and attended the Kellogg Graduate School of Management at Northwestern University. Earlier in his career, Lon spent several years as a sea captain and held a 100-ton Coast Guard license. Lon is a former rugby player, referee and administrator and now coaches under 13 year old kids. Lon has served on the boards of numerous community and business organizations including Colorado Springs Leadership Institute, Peak Venture Group, CS Quality of Life Indicators Business Index Committee, Junior Achievement and is a member of The Colorado Thirty Group. Lon was given the “Making the Pikes Peak region a better place to live work and play” award by the CS Chamber of Commerce, was the VFW Post 1’s business citizen of the year.