the little engine that could?
DESCRIPTION
How the Oklahoma Economy Is Performing After the “Great Recession”. The Little Engine That Could?. Dave Shideler March 23, 2011 Department of Agricultural Economics Current Issues Webinar Oklahoma State University. Retail Sales in Oklahoma: Metro and Nonmetro Areas. Source: Origins. - PowerPoint PPT PresentationTRANSCRIPT
The Little Engine That Could?
How the Oklahoma Economy Is Performing After the “Great Recession”
Dave ShidelerMarch 23, 2011Department of Agricultural Economics Current Issues WebinarOklahoma State University
Retail Sales in Oklahoma: Metro and Nonmetro Areas
Source: Origins
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
05
10152025303540
State Metro Nonmetro
Billi
ons
of D
olla
rs
Percent Change in Retail Sales:February 2010 – February 2011
Jan
Feb
Mar Apr
May
Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
2007 2008 2009 2010 2011
0%
2%
4%
6%
8%
10%
12%
Metropolitan Nonmetropolitan State USSOURCE: Bureau of Labor Statistics, March 21, 2011; http://data.bls.gov/PDQ/outside.jsp?survey=la; unemployment rates are not seasonally adjusted
State, Metro, and Nonmetro Unemployment Rates
5
County Unemployment Rates
Source: Bureau of Labor Statistics, March 21, 2011 http://data.bls.gov/map/servlet/map
Percent Change in Unemployment, January 2010 – January 2011
Source: Bureau of Labor Statistics, March 21, 2011 http://data.bls.gov/map/servlet/map
Percentage Employment Growth January 2010 – January 2011
Source: Bureau of Labor Statistics, March 21, 2011 http://data.bls.gov/map/servlet/map
Unemployment Relative to Major Sources of Employment
Employment Growth Relative to Major Sources of Employment
Employment Gains and Losses
Job Gaining Industries (Top 5 in descending order of
jobs gained)
Job Losing Industries(Top 5 in ascending order of
jobs lost)Monthly Change Annual Change Monthly Change Annual ChangeAdmin Services (3.5%)
Admin Services (11.2%)
Construction (2.2%)
Prof, Sci, Tech Services (5.3%)
Manufacturing (1.9%)
Mining & Logging (10.6%)
Other Services (2.0%)
Local Gov’t (3.2%)
Accommodation & Food Services (1.8%)
Manufacturing (6.1%)
Transportation, Warehousing, Utilities (1.7%)
Information (3.1%)
Arts, Entertainment (1.4%)
Federal Gov’t (4.6%)
Wholesale Trade (1.5%)
Other Services (2.3%)
Local Gov’t & Real Estate (0.9%)
Accommodation & Food Services (3.1%)
Mining & Logging (1.1%)
Transportation, Warehousing, Utilities (1.3%)Source: Compiled from OESC Economic Research and Analysis, “Oklahoma Employment Report”, January 2011
Fundamentals Behind Rural Economic Strength
12
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