Outlook Jeremy Hill

US Economy The US economy is showing some resilience in recent months. Despite the following: Political pressure Decreased investment Global pressures A recession is looming and clarity of the economy in next six months is fading. Source: Dismal - BEA, BLS

Employment growth in Kansas and Wichita have fallen behind that of the US. Source: BLS, CES

Growth in Wichita and Kansas has slowed compared to the US The US economy continues to grow despite being “long in the tooth” and weaknesses in the global economy Growth in Wichita and Kansas has slowed compared to the US Oil and gas Agriculture Manufacturing – Farm equipment and aerospace

Industry Concentration - 2015 Source: BLS, LQ

Structure of the economy Kansas and Sedgwick County are both highly concentrated in manufacturing Core industry sectors continue to weaken the state and regional economies

Population Growth Source: ESRI – 2010-2016

The retired population will surpass the youth population by 2034.

Over-65 Population

Shifting landscape Limited labor supply means limited potential growth. There will be an increasing interdependence with the Metro and Micropolitan communities and the rural parts of the state. The state and rural areas have a higher dependence on working populations. Tax structures today may not fit demand for public services in the future.