Labor Sec: Kansas Economy Shows Signs Of Recovery

By: KAKE News Email
By: KAKE News Email

Stay up-to-date with KAKE News:

August 28, 2013

During her first State of the Labor address Wednesday morning, Secretary of Labor Lana Gordon said several economic factors have improved in 2012 for Kansans.

The average unemployment rate in 2012 was 5.7 percent, down from 6.5 percent in 2011. This is the lowest unemployment rate in the state since 2008. The U.S. average unemployment rate was 8.1 in 2012.

Both the nominal and real Gross Domestic Product (GDP) in Kansas grew for the third consecutive year in 2012. The nominal GDP rose to $139 billion, a 3.1 percent increase. The U.S. nominal GDP rose by four percent.

Kansas export sales increased for the eighth time in the past nine years to $11.7 billion in 2012. This was the second highest export total ever recorded in the state.

In 2012, Kansas added 18,100 non-farm jobs, a 1.4 percent increase. This is the highest job growth the state has seen in the past five years. The professional and business services industry saw the largest increase, gaining 4,900 jobs.

To view the 2013 economic report
:Click here


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 221497571 - kake.com/a?a=221497571
Gray Television, Inc.