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Oklahoma jobless rate ticks up to 5.3 percent

The Oklahoma economy shed 2,300 jobs in July.
by Brianna Bailey Modified: August 19, 2013 at 8:19 pm •  Published: August 19, 2013

Oklahoma's unemployment rate inched up to 5.3 percent in July, according to data released Monday by the Oklahoma Employment Security Commission.

That compares to 5.2 percent unemployment for June.

While 5.3 percent is still a very low jobless rate, July marks the third straight month that unemployment has increased, said Lynn Gray, chief economist for the employment security commission.

“We are getting a little bit of a trend there,” Gray said.

Oklahoma's economy contracted by 2,300 jobs for the month. The state added 9,700 jobs in July when compared to July 2012.

With a job growth rate of 0.6 percent for July, the job growth rate in the state is also slowing, Gray said.

“That's about half of the growth rate that we started off the year with,” Gray said.

Jobs for the goods-producing sector of the economy, which includes construction and manufacturing declined in July.

Jobs classified as mining and logging jobs — which includes oil-field jobs in Oklahoma — declined by 5,400 positions over the previous year.

There were 95,400 unemployed in the state for July out of a workforce of more than 1.8 million, according to the new seasonally adjusted numbers from the employment security commission.

The national jobless rate was down slightly for July to 7.4 percent.

by Brianna Bailey
Business Writer
Brianna Bailey has lived in Idaho, Germany and Southern California, but Oklahoma is her adopted home. She has a bachelor's degree in Journalism from the University of Oklahoma and has worked at several newspapers in Oklahoma and Southern...
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By the numbers

Job growth slows in nation

Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum.

The Labor Department said Monday that unemployment rates increased in 28 states. They were unchanged in 14 and fell in eight states — the fewest to show a decline since January.

Hiring increased in 32 states in July compared with June, the fewest to report job gains in three months. Seventeen states reported job losses. California, Georgia and Florida reported the largest job gains, while New Jersey and Nevada lost the most.


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