The Kansas City job market has proven steady and stable in 2019. Kansas City exhibits the 14th fastest metro area job growth in the nation. The unemployment rate in Kansas City is 3.8% as of March 2019, which is roughly even with the national average rate. This marks an increase since last year, but slight fluctuations in the unemployment rate pose little threat to the steady growth of the Kansas City job market.
The current state of the Kansas City job market
Although the Kansas City unemployment rate sits at right about average, the city is better than average for job hunters. This is because an unemployment rate of 3.8% is quite low but the market continues to see job growth, leading to more available positions than unemployed persons. The largest supersector in Kansas City is trade, transportation, and utilities, which is expected to grow alongside the information technology, marketing, and healthcare industries.
Kansas City rests slightly below the national average Help Wanted Online (HWOL) index, which measures the change in demand for labor over time in advertised online job vacancies. This means that slightly fewer opportunities than average are available through online job boards in Kansas City. The national average, however, is currently at a record high, indicating that online recruitment is more active than ever before and the labor market is tightening. Similar activity is present in Kansas City with the HWOL index so close to the national average.
Best industries to work in Kansas City
Hospital Corporation of America, Saint Luke’s Health System, Truman Medical Centers, and H&R Block heavily influence the Kansas City job market. As evidenced by the presence of 3 major hospital and clinic groups, health care is one of the leading industries in Kansas City. H&R Block is headquartered in Kansas City, leading to available roles at the corporate location and at the retail outlets located throughout the city.
Hourly wage is generally below the national average in Kansas City, except in the case of sheet metal workers, construction laborers, and customer service representatives. Hourly wages will likely rise to reflect the increased demand for positions like information technology, skilled trades, marketing, and healthcare and the decreasing number of available qualified workers for these positions.
The quick job growth in Kansas City indicate that the Kansas City job market will remain healthy for years to come. Those interested in construction, customer service, and metalworking can earn higher than the national average. The presence and growth of the healthcare industry in Kansas City provides the most opportunities now, but anyone interested in information technology and marketing will be able to find open positions in the near future. Kansas City’s fast job growth and average unemployment rate make it a steady job market.