ECONOMIC INDICATORS
OKLAHOMA’S LABOR FORCE PARTICIPATION RATE SURPASSES THE NATION FOR THE FIRST TIME IN 40 YEARS. Oklahoma's labor force participation rate has been higher than the U.S. since April 2023
Chart Title
68.0
Oklahoma U.S.
66.0
64.0
62.0
60.0
Source: Federal Reserve Banks of Kansas City, "Oklahoma’s Rising Labor Force Participation Driven Largely by Native Americans" by Chad Wilkerson and Chase Farha 1983 1986 1990 1994 1998 2001 2005 2009 2013 2016 2020 2024
58.0
• Oklahoma’s participation rate reached 62.7% in April 2023 , outpacing the national rate (62.6%) for the first time in nearly 40 years. • September 2024 Labor Force Participation Rate: OK 63.1% National 62.7% 54.0 56.0
• Labor force growth in Oklahoma has been faster than population growth, peaking at 3% in 2023 versus a 1% rise in the working- age population. • Key driver: Native Americans contributed to 71% of the increase in Oklahoma’s labor force participation rate.
Labor Force Participation Rate Explained: The percentage of people aged 16+ who are either working or actively looking for work. This rate is crucial as it reflects the availability of workers in the economy, which can drive growth and impact overall economic health. Oklahoma Labor Force Participation Rate National Labor Force Participation Rate
For comprehensive Economic Indicator and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com/economicindicators or contact Eric Long, Research Economist, at 405-297-8976; elong@okcchamber.com.
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