For the eighth consecutive month, Oklahoma City in November recorded the lowest jobless rate among the nation's 49 largest cities.
Oklahoma City's unemployment rate fell to 4.5 percent in November from 4.9 percent in October, the U.S. Bureau of Labor Statistics reported Tuesday.
Oklahoma City has topped the list for lowest unemployment out of the country's large metropolitan areas for 19 of the past 23 months, said Eric Long, research economist for the Greater Oklahoma City Chamber.
“Whenever you look at a trend over the past two years of having consistently low unemployment rates, it is very favorable to our economy,” Long said.
Most of the metro area's job growth over the past year has come from small employment gains from existing businesses instead of big job announcements or relocating companies, he said.
“We don't see rapid increases or significant declines,” Long said. “During this recovery period, it is something that has served our metro area in a positive way.”
The Oklahoma City metro area added 2,100 nonfarming jobs in November, according to seasonally unadjusted numbers released Tuesday by the Oklahoma Employment Security Commission.