2020 At A Glance

LABOR ANALYSIS UNEMPLOYMENT RATE

The unemployment rate for the Oklahoma City metropolitan area in 2019 averaged 3%, ranging from as low as 2.6% to as high as 3.5%. Increases in the area’s population and labor force have kept pace with economic growth, keeping the region’s unemployment rate low in comparison to the nation. The disruption in the local and national labor markets caused by COVID-19 are not reflected in these numbers.

LABOR ANALYSIS 2019

“OKLAHOMA CITY IS NOW THE 25TH-LARGEST CITY IN THE U.S.” - U.S. CENSUS BUREAU

Oklahoma City MSA

Greater Oklahoma City Region

Labor Force

685,758 765,172

Employed 664,945 741,904 Unemployed 20,814 23,267 Underemployed 70,558 75,893 Unemployment Rate 3.0% 3.0% Source: U.S. Dept. of Labor, Bureau of Statistics, Oklahoma City MSA and Greater Oklahoma City Region; These numbers do not reflect COVID-19 disruption.

TOTAL EMPLOYMENT BY INDUSTRY

Oklahoma City MSA

Greater Oklahoma City Region

Information

1.1%

1.1%

Other Services

2.5% 3.0%

4.2% 3.1%

Natural Resources and Mining

Construction

5.3% 5.2% 5.4%

5.2% 5.1% 5.6% 12.3% 13.5%

Financial Activities

Manufacturing

Leisure and Hospitality 12.1%

Professional and Business Services Education and Health Services Trade, Transportation and Utilities

14.2%

13.8%

13.5%

18.4%

18.1%

Government

19.0%

18.4%

Source: Bureau of Labor Statistics QCEW; 2019. These numbers do not reflect COVID-19 disruption.

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