2026 OKLAHOMA OUTLOOK
Initial benchmark revisions to reported 2024 job growth revised total job gains down by 1.7% of total payrolls. The magnitude of revisions was second in the nation and just behind the 1.8% downward revisions in Colorado. Revisions for each of the states of the 10th Federal Reserve district are included for comparison.
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Initial job gains in Oklahoma were revised down by 1.7% of total nonfarm payrolls. The magnitude of revisions was second in the nation.
NOTE: Benchmarks released in September 2025 for initial CES estimates from March 2024 to March 2025
Inside Oklahoma, initial estimates in Oklahoma City were revised down by 1.8% of nonfarm payrolls while Tulsa job gains were revised down by 1.3%. In other words, the momentum thought to be present and carried into 2025 was not. Early data releases suggest significant downward revisions to early reports of 2025 job growth in the Tulsa MSA. Heading into 2026, the state is not generating sufficient new jobs to keep unemployment rates from rising in all metro areas of the state while initial and continued unemployment insurance claims creep towards levels that signal labor market distress.
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2026 ECONOMIC OUTLOOK
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