| dc.description.abstract | The U.S. economy should continue its moderate recovery in 1993, with Gross domestic Product growing about 2.0 percent, about the same as in 1992. Although the growth in real consumption expenditures and real exports will be down slightly in 1993, these reduced growth rates will be offset by faster growth in real business fixed investment and real government purchases of goods and services.During the recession and the recovery, the Kansas economy appears to have outperformed the national economy. Unlike the 1981-1987 period (when Kansas nonfarm wage and salary employment growth averaged half of the U.S.'s 1.8 percent per year), from 1990 through 1992 U. S. nonfarm wage and salary employment averaged no annual growth, while Kansas nonfarm wage and salary employment averaged 1.7 percent per year. A particularly dramatic year was 1991, during which U.S. nonfarm wage and salary employment fell 1.3 percent, while Kansas nonfarm wage and salary employment grew 1.0 percent. The forecast is for Kansas nonfarm wage and salary employment to continue its reasonably strong growth at a 1.7 percent rate in 1993, although the U.S. growth rate of nonfarm wage and salary employment will not be far behind at 1.4 percent. Unlike the U.S., the Kansas unemployment rate did not increase significantly in 1991 and 1992, and is expected to remain near 4 percent for 1993. | en_US |
