Kansas City Job Market Forecast: Predictions And Trends For The Future

After a considerable dip in the unemployment rate from 4. 2% in 2021 to 2. 7% in 2022, there's a slight uptick forecasted for the following years, stabilizing at 3. 1%. Bureau of labor statistics. More data series, including additional geographic areas, are available through the databases & tables tab at the top of this page.

The growth will put further pressure on the market and will likely decrease unemployment over the next. Verkkothe kansas city fed labor market conditions indicators (lmci) are two monthly measures of labor market conditions based on 24 labor market variables. One indicator measures the level of activity in labor markets and the other indicator. Verkkothe economy is forecast to increase by 0. 8% in 2023, adding over 4,059 workers, which is a moderating growth rate due to the labor market approaching full employment and the tightening monetary policy.