Job Growth Expected To Increase In Kansas
A report from WSU’s Center for Economic Development and Business Research projects modest job growth in Kansas this year.
It’s driven partially by the energy, construction and services sectors.
But the center’s director, Jeremy Hill, says factors on the horizon could slow the increase. He says the state’s aerospace industry could be affected by federal budget sequestration, which may reduce military contracts. And the European fiscal crisis could lead to fewer aircraft orders.
“Aerospace is highly dependent on companies globally for the purchasing of planes," he says. "And aerospace is one of the drivers to our state economy, so it’s very connected with the global economy."
Hill says there are still questions on how the budget sequestration will fully impact the state’s economy and how further implementation of the federal health care act will affect business in the state.