Oklahoma employment number sets record in May

The number of employed Oklahomans reach an all-time high in May as the state's unemployment rate dipped to 4.8 percent.
by Don Mecoy Published: June 16, 2012
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“We basically ended up 1,900 jobs less than model would have predicted,” he said. “That's not necessarily a bad thing.”

In May, Oklahoma added jobs in only four of its 11 major sectors, led by a 1,300-job gain in mining and logging. That sector, which includes the energy business, has grown 14.3 percent in the past year, the commission's figures show.

Professional and business services had the biggest decline over the month, shedding 2,100 jobs.

Dauffenbach said the model used to calculate the state's unemployment rate “is showing there's a good deal of vibrancy here.”

However, Dauffenbach said global financial and banking concerns, particularly in Europe, “continue to drain the vitality out of the international economy.” Those weaknesses could eventually spill over to the domestic and local jobs market, he said.


by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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