POPULATION AND JOB GAINS POSITION IN OKLAHOMA FOR 2025
Labor Market Summary, October 2024
Unemployed per Job
Unemployment Rate
State
CO AR OK KS LA TX NV WA
0.5 0.6 0.6 0.7 0.7
4.1 3.3 3.3 3.4 4.1 4.1 5.7 4.7 5.3 5.4
1.1
1.2 1.3 1.3 1.7
IL
CA
Source: Bureau of Labor Statistics
Oklahoma’s population is growing faster than nearly twice the pace of the U.S. population, growth with a growing population providing support for real estate, labor, and consumer markets. Oklahoma prices are 12% lower than national prices on average and inflation in the state is below 2%. Expect the unemployment rate to end the year (2025) between 3.5% and 4.0% and local inflation to stay contained below 2%.
11
2025 ECONOMIC OUTLOOK
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