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Journal Article
Update on Oklahoma’s economy: spotlight on Enid, Oklahoma
Economic activity in Oklahoma continued its strong pace of growth in fall 2011, outperforming the nation in most areas. The strong recent job growth numbers pushed state employment nearly back to pre-recession levels. Energy, manufacturing and construction continued to lead all Oklahoma industries in job growth, while and state and local government job growth through the past year was positive for the first time since early 2010.
Journal Article
Booms and busts in household wealth: implications for Tenth District states
The U.S. stock market and housing market--the two largest sources of U.S. household wealth--have had sizable booms and busts in recent years. This volatility has influenced national consumption trends and had important consequences for states. Some states have become relatively wealthier, affecting both the short- and long-term consumption spending potential of their residents. ; Understanding how wealth changes affect state economies could be especially important in 2011 and 2012 given the recent resumption of home price declines in much of the country. Research has shown that consumption ...
Journal Article
The export potential of Tenth District states
After collapsing during the financial and economic crisis, exports have grown rapidly in the nation and across much of the Tenth Federal Reserve District. Despite some risks, most economic forecasts for national exports point to continued robust growth. An export boom, however, could have disparate effects across the country, given sizable differences in the volume, composition, and trends of state exports. ; Wilkerson and Williams assess the export potential of the Tenth District. They find that future export growth in the district is likely to be strong, although most states are likely to ...
Journal Article
What's hampering job growth in the District's services sector?
Employment growth in the Tenth District has fallen behind the national rate in 1999 for the first time in ten years. Although all economic sectors have been experiencing slower job growth, the services sector, due to its size, has played perhaps the most important role in the slowdown of overall employment growth in the district. While services employment elsewhere in the nation continues to grow rapidly, the district has witnessed very little job expansion in services so far in 1999 (Chart 1). In fact, the district services sector has added jobs during the first seven months of this year at ...
Journal Article
Oklahoma’s economy
Economic growth in Oklahoma remained solid through the end of 2012. Oklahoma payroll employment was up from a year ago in December. Oklahoma ranked seventh in total job growth for December, posting growth similar to other energy-driven states.
Journal Article
The transformation of manufacturing across Federal Reserve Districts: success for the Great Plains?
Despite experiencing solid gains in the last two years, U.S. manufacturing employment is down by about one-third since 1990. The decline has been felt more dramatically in some eastern Federal Reserve Districts. ; In the three Districts of the Great Plains?Dallas, Kansas City and Minneapolis?factory employment has consistently held up better than in other Districts. ; Wilkerson and Williams find that since 2000, nearly half of the better factory jobs performance in the Great Plains has been due to a more favorable mix of manufacturing industries than in other regions of the country.
Journal Article
Update on Oklahoma’s economy : Spotlight on Oklahoma housing conditions
Economic growth in Oklahoma continued to outperform the nation in late 2011. Oklahoma payroll employment was up from a year ago, and the state continues to move closer to pre-recession employment levels. Manufacturing posted the highest growth in actual Oklahoma jobs in December, while energy was a close second. Other industries also recorded solid job growth, particularly construction and professional services.
Journal Article
Will tightness in Tenth District labor markets result in economic slowdown?
Labor markets in the Tenth District are tighter now than at any time in recent memory. The steady fall of unemployment rates in recent years has led many analysts to wonder if future economic growth in the region could be restricted by labor shortages. The district's labor market is actually even tighter than suggested by its unemployment rate of less than 4 percent in 1998 due to the presence of two other significant, but often overlooked, factors: high labor force participation rates and slowing domestic migration flows.> The labor force participation rate, meaning roughly the percentage of ...
Journal Article
Spotlight on manufacturing in Oklahoma
Oklahoma continued to outpace the nation in economic growth during the early fall months. Payroll employment was up in October from a year ago, and the state is now above pre-recession employment levels. Manufacturing led Oklahoma?s job growth, while trade, transportation and utility firms also posted solid job gains. Energy employment has declined slightly, but still remains above year-ago levels.
Journal Article
Population Boom: Where are Oklahoma’s newest residents living and working?
The previous edition of the Oklahoma Economist discovered those moving in came mostly from the Western U.S., and the state experienced “brain gain” after losing college graduates to other states for many years. This edition explores where in Oklahoma these new residents moved to and where other residents have moved within the state, as well as the demographics and employment status of those moving in.