Market Analysis

Page 5

4

Employment Sectors Total Employment, By Sector

Average Weekly Wages (2009 Dollars)

Source: Kansas Department of Labor

Source: Kansas Department of Labor

40000

$750

30000

$700 $650

20000

$600

10000

$550

0 1999

2001

Office

2003

2005

2007

Production

2009

2000

2002 2004 Manufacturing

2006

2008 2010 Office Sector

Office employment and wages are growing fairly quickly, and have surpassed those of the production sector. The production sector’s wages and employment have been decreasing since before the recession, while the office sector’s employment and wages have continued to grow in spite of the recession. Lawrence should be wary of development projects that claim to be able to combat this trend, as it is market driven, and does not seem like it will reverse itself in the foreseeable future. Table 3 Category

Sector Total, All Industries Manufacturing Transportation and Warehousing Construction Manufacturing Wholesale Trade Office

Information Finance and Insurance Real Estate and Rental and Leasing Professional and Technical Services Management of Companies and Enterprises Educational Services

Growth from 2001-2009 Growth from 2006-2009 Wages Employment Wages Employment 27% 0% 10% -3% 31% 42% 1% -21% 23% -32% 6% -31% 31% 0% 8% -7% 14% 9% -6% 21% 7% -10% 37% 52% 70% 15%

-66% 41% 6% 24% -33% 49%

5% -8% 13% 28% 0% 30%

-10% -7% 18% -16% -10% -4%


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