Oklahoma’s unemployment rate hit a five-year low in March at 4.9 percent, according to data released Friday by the Oklahoma Employment Security Commission.
March marks the first time the state’s unemployment rate has dipped below 5 percent since December 2008. Unemployment inched slightly downward in Oklahoma for the month, from 5 percent in February.
Statewide, seasonally adjusted employment grew by 160 people over March, while unemployment decreased by 1,540 people. Over the course of the year, the number of Oklahoma’s seasonally adjusted unemployed fell by 5,620, down 5.9 percent.
The national unemployment rate was unchanged from February at 6.7 percent, but was 0.8 of one percentage point lower than in March 2013, according to numbers released Friday by the U.S. Labor Department.
Brianna Bailey, Business Writer