October 7, 2010
Economic forecasters from Wichita State University predict a return to job growth for Wichita and the state next year in the new economy. But, the forecast says it won’t be that much. WSU hosted an area economic forecast on Thursday.
The state may add 10,000 jobs next year and Wichita may add 1,300. Those increases are predicted despite a continuing drop in Wichita’s biggest local industry – aviation.
In Wichita, it’s been painful. Aircraft jobs have disappeared by the thousands the past two years and economic forecasters at the Wichita Area Economic Conference say aviation jobs will continue to drop several hundred next year, despite an overall net new jobs increase locally from other sectors.
"The local economy has certainly been effected by the cycles and is suffering from the downturn that the business jet market is currently experiencing," Spirit Aerosystems, Inc. President and CEO Jeff Turner said.
A turnaround in the business jet market isn’t predicted for next year. But, the commercial aviation business is beginning to gain altitude.
That’s good news for Wichita’s largest employer, Sprit Aerosystems. Their CEO was one of the keynote speakers at the conference.
"Air travel will continue to grow, therefore, demand for Spirit products will continue to increase,” Turner said.