While analysts and investors on the national level are talking about a possible recession on the horizon, so far the Kansas labor market isn’t showing signs of weakness. Kansas Department of Labor Senior Economist Tyler Tenbrink says the most recent jobs report found 14,000 private sector jobs created over the last year and low state unemployment rate at 3.3 percent. That compares to the national rate of 3.7 percent.
Tenbrink says the labor market typically is not the first sector of the economy to show signs of a recession but short-term economic indicators are also looking positive, like the growth of new businesses.
