(WICHITA, Kan.)—The economy is expected to improve slightly next year, that's according to the Center for Economic Development and Business Research at Wichita State.
It released its annual economic forecast Thursday. The report says the state should expect an overall increase of 1.8% next year. That translates to about 24,175 new jobs The largest growth areas are expected to be in the production and service sectors.
The industry segments that are expected to contract in 2013 include:
- Government, down 0.6 percent, for a loss of 1,555 jobs
- Information, down 0.9 percent, for a loss of 230 jobs
The largest expanding sectors of the Kansas' economy in 2013 are forecasted to be:
- Professional and business services, up 5.7 percent, for a gain of 8,980 jobs
- Education and health services, up 2.8 percent, for a net gain of 5,330 jobs
- Leisure and hospitality, up 2.7 percent, for a net gain of 3,195 jobs