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Journal Article
Update on Oklahoma's economy
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
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
The Tenth District's defining industries: how are they changing?
The economy of the Tenth Federal Reserve District has become increasingly more services-based in recent years. While this transformation has lessened many of the historical differences with the rest of the nation, the regional economy still remains distinct, especially in some states. Wyoming, for instance, still has the most unique industrial structure in the country. And Nebraska, New Mexico, and Oklahoma still rank among the top third of states with economies that differ from the rest of the nation. ; What industries make the Tenth District so different, and what can they tell us about the ...
Journal Article
Oklahoma’s economy
The pace of economic growth in Oklahoma has slowed slightly from a year ago. The Oklahoma City metro area continues to lead job growth in the state. Tulsa continues to lag the rest of the state and nation in job recovery, although considerable progress has been made since the depth of the recession. Employment in nonmetro areas is back to pre-recession levels, but with variation across the state.
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
The national defense boost in rural America
Journal Article
Update on Oklahoma's economy
Journal Article
How is the rise in national defense spending affecting the Tenth District economy?
In 2007, the United States spent over $650 billion on national defense. Even after adjusting for inflation, this was the largest annual amount since 1945, surpassing previous post-World War II peaks reached during the Korean, Vietnam, and Cold wars. Defense spending has risen steadily this decade, today accounting for nearly 5 percent of overall gross domestic product?about the same share as residential construction. ; National defense represents an even larger share of economic activity in the Tenth Federal Reserve District. The region is home to some of the country's largest military ...