Business Business: Local

Oklahoma City's unemployment rate increases slightly in December

Oklahoma City has the best rate in the nation for jobs for ninth consecutive month.
By Jennifer Palmer Published: January 31, 2013

Unemployment rates rose in 72 of Oklahoma's 77 counties in December, according to state data. Le Flore County posted the highest rate of 8.9 percent, followed by McCurtain County at 8.7 percent and Latimer County at 8.4 percent. Unemployment rates were lowest in Ellis County (2.2 percent), Roger Mills County (2.3 percent) and Beaver County (2.4 percent.)

Mickey Hepner, dean of the University of Central Oklahoma's College of Business, said the state's unemployment, as well as sales tax figures, show growth has been stagnating since the second half of 2012.

The Oklahoma City metro area having the lowest unemployment among the nation's largest cities is a reflection of where we were, but doesn't reflect any recent growth, he said.

“We built a huge lead. It's shrinking a little bit, but it's still a lead,” Hepner said. “Still, I would much rather be here than anywhere else right now.”

| |

New Rule in CALIFORNIA:
(JUN 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
Mortgage Rates Hit 2.50%
If you owe under $729k you may qualify for 2.90% APR Govt Refi Plans.
www.SeeRefinanceRates.com

by Jennifer Palmer
Reporter
Jennifer Palmer joined The Oklahoman staff in 2008 and currently covers retail, transportation and other topics for the Business Desk. She's written about Black Friday shopping, the auto industry and new retailers opening in Oklahoma, including...
+ show more