Friday, January 05, 2007

The Wichita Job Market

Wichita's unemployment rate dropped to 4.2 percent from 4.4 percent from October to November. This reflected strong growth in payrolls in the metropolitan area. In the Bureau of Labor Statistics' November Metropolitan Employment Report, businesses reported 294.4 thousand workers on their payrolls. This was a full thousand more than in October. Jobs grew 1.8 percent over November last year.

The job growth reflects the continuing strength of the local economy, particularly the aircraft industry. That industry's unfilled orders have grown. The job growth is the more impressive given that Raytheon Aircraft has been operating under a job freeze while its pending sale was being resolved.

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