Governor Laura Kelly announced the release of the 2024 Kansas Economic Report, which indicates growth in the state’s labor workforce, sustained low unemployment rates, and record levels of exports. Compiled by the Labor Market Information Services division of the Kansas Department of Labor (KDOL), the report provides an in-depth analysis of the state’s economic condition and labor market trends.
This annual report includes vital information on various aspects such as employment rates, unemployment figures, labor force participation, job growth, and personal income. It serves as an important resource for businesses, policymakers, and job seekers alike.
- Labor Force Growth: In 2023, Kansas experienced a 0.6% growth in its labor force, adding 8,385 individuals and raising the total to over 1.51 million. The number of employed Kansans also hit a record high of 1.47 million, showcasing the state’s resilience and continued recovery.
- Unemployment Rates: Kansas maintained a low unemployment rate, which rose slightly to 2.7% in 2023, still well below the national average of 3.6%. Despite this small increase, the state continues to surpass national labor market performance.
- Job Market Rebounds: In 2023, Kansas exceeded pre-pandemic job levels, reaching a total of 1.44 million nonfarm jobs. The private sector was the main contributor, adding 23,800 jobs, while the government sector added 3,700 jobs.
- Industry and Occupational Projections: Health care, transportation, and computer-related fields are projected to experience substantial growth through 2032. Jobs that typically require a bachelor’s degree are anticipated to see the most significant increase from 2022 to 2032.
- Export Growth: Kansas achieved a record $14.1 billion in export sales, fueled by growth in the transportation equipment and processed foods sectors. However, exports to its top trade partners—Mexico, Canada, and Japan—have decreased over the past year.
The report also addresses long-term demographic trends, highlighting concerns about the state’s aging population and the decreasing number of younger workers, which may threaten the sustainability of the future labor force.
In response to these challenges, the Kansas Department of Commerce has partnered with businesses to attract new talent. Recently, it launched the Love, Kansas campaign aimed at encouraging individuals who left the state to return and reconnect with their Kansas roots.
You can see the full report here.
