Oklahoma City Area Economic Summary Updated September 03, 2021 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm.
Unemployment rates for the nation and selected Average weekly wages for all industries by county areas Oklahoma City area, first quarter 2021 (U.S. = $1,289; Area = $998) Unemployment rates
10.5 United States 5.7
Oklahoma City 7.3 area 2.9
7.1 Canadian Co. 2.6
6.7 Cleveland Co. 2.5
7.3 Grady Co. 2.6
7.7 Oklahoma Co. 3.1
0.0 4.0 8.0 12.0 Jul-20 Jul-21 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages.
Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector
Change from Jul. 12-month percent changes in employment Oklahoma City area employment Jul. 2021 2020 to Jul. 2021 16.0 (number in thousands) Oklahoma City area Number Percent 12.0 United States Total nonfarm 633.7 20.9 3.4 8.0 Mining and logging 8.4 0.0 0.0 4.0 Construction 30.6 -1.3 -4.1 Manufacturing 33.3 2.3 7.4 0.0 Trade, transportation, and utilities 117.5 3.1 2.7 -4.0 Information 5.4 -0.3 -5.3 Financial activities 34.1 0.7 2.1 -8.0 Professional and business services 83.9 4.3 5.4 -12.0 Education and health services 100.6 5.4 5.7 -16.0 Leisure and hospitality 73.2 8.3 12.8 Jul-18 Jul-19 Jul-20 Jul-21 Other services 28.2 0.4 1.4 Government 118.5 -2.0 -1.7 Source: U.S. BLS, Current Employment Statistics. Source: U.S. BLS, Current Employment Statistics. Over-the-year change in the prices paid by urban Over-the-year changes in the selling prices received by consumers for selected categories producers for selected industries nationwide
12-month percent change in CPI-U, July 2021 12-month percent changes in PPI 30.0 24.0 26.9 General freight trucking 23.8 Hospitals 25.0 West South Central 18.0 U.S. city average Engineering services 20.0 12.0 15.0 6.0 10.0 5.7 5.4 5.0 2.9 3.4 0.0
0.0 -6.0 All items Food Energy Jul-18 Jul-19 Jul-20 Jul-21 Source: U.S. BLS, Consumer Price Index. Source: U.S. BLS, Producer Price Index.
Average annual spending and percent distribution Average hourly wages for selected occupations for selected categories Oklahoma City United Occupation South average annual expenditures, 2019 area States All occupations $24.04 $27.07
All other Human resources managers 50.53 64.70 items $10,015 Housing Accountants and auditors 38.02 39.26 17.1% $18,781 Healthcare 32.0% $4,982 8.5% Registered nurses 32.94 38.47
Construction laborers 16.58 20.67 Trans- Personal Food portation insurance & $10,665 Retail salespersons 14.42 14.87 pensions $7,616 13.0% 18.2% $6,563 Cooks, fast food 10.57 11.68 11.2% Total: $58,622 Source: U.S. BLS, Consumer Expenditure Survey. Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2020.
Employer costs per hour worked for wages and Over-the-year changes in wages and salaries selected employee benefits by geographic division 12-month percent changes in ECI Private industry, West South United March 2021 Central (1) States 4.0 Total compensation $31.35 $36.64 Wages and salaries 22.82 25.80 3.0 Total benefits 8.53 10.83 Paid leave 2.13 2.72 2.0 Vacation 1.06 1.39 Supplemental pay 1.25 1.27 Insurance 2.01 2.83 1.0 Retirement and savings 0.84 1.25 West South Central United States Legally required benefits 2.30 2.77 0.0 (1) The states that compose the West South Central census division are: AR, Jun-18 Jun-19 Jun-20 Jun-21 LA, OK, and TX. Source: U.S. BLS, Employer Costs for Employee Compensation. Source: U.S. BLS, Employment Cost Index.
Southwest Information Office • [email protected] • https://www.bls.gov/regions/southwest • 972-850-4800