Oklahoma City Area Economic Summary - Bureau of Labor ...

Oklahoma City Area Economic Summary

Updated November 02, 2022

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 regions/economic-summaries.htm.

Unemployment rates for the nation and selected areas

Unemployment rates

Average weekly wages for all industries by county

Oklahoma City area, first quarter 2022 (U.S. = $1,374; Area = $1,083)

United States

4.6 3.3

Oklahoma City area

2.6 3.1

Canadian Co.

2.3 2.8

Cleveland Co.

2.3 2.8

Grady Co.

2.5 3.1

Oklahoma Co.

2.8 3.3

0

2

4

6

Sep-21 Sep-22 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

12-month percent changes in employment 15

10

5

0

-5

-10

-15 Sep-19

Sep-20

Sep-21

Sep-22

Oklahoma City area

United States

Source: U.S. BLS, Current Employment Statistics.

Oklahoma City area employment (number in thousands)

Change from Sep. Sep. 2022 2021 to Sep. 2022

Number Percent

Total nonfarm

674.4

28.2

4.4

Mining and logging

10.4

1.4

15.6

Cons tructi on

30.8

0.2

0.7

Ma nufa cturi ng

34.8

1.6

4.8

Trade, transportation, and utilities

128.6

7.6

6.3

I nforma ti on

5.6

0.0

0.0

Financial activities

35.2

0.1

0.3

Professional and business services

92.8

7.5

8.8

Education and health services

101.9

2.7

2.7

Leisure and hospitality

78.6

5.5

7.5

Other services

27.6

0.6

2.2

Government

128.1

1.0

0.8

Source: U.S. BLS, Current Employment Statistics.

Over-the-year change in the prices paid by urban consumers for selected categories

12-month percent change in CPI-U, September 2022

25 20.7 19.8

20

15

10

9.1 8.2

13.4 11.2

5

0

All items

Food

Energy

West South Central

U.S. city average

Source: U.S. BLS, Consumer Price Index.

Over-the-year changes in the selling prices received by producers for selected industries nationwide

12-month percent changes in PPI

40

30

20

10

0

-10

Sep-19

Sep-20

General freight trucking

Sep-21 Hospitals

Sep-22

Engineering services Source: U.S. BLS, Producer Price Index.

Average annual spending and percent distribution for selected categories

South average annual expenditures, 2021

Personal insurance & pensions

$6,876 11.2%

All other items

$10,404 16.9%

Healthcare $5,107 8.3%

Housing $20,244 32.9%

Food $7,639 12.4%

Transportation $11,203

18.2%

Source: U.S. BLS, Consumer Expenditure Survey.

Total: $61,473

Average hourly wages for selected occupations

Occupation All occupations

Oklahoma City United

area

States

$24.54 $28.01

Human resources managers

52.15 65.67

Accountants and auditors

35.83 40.37

Registered nurses

33.62 39.78

Construction laborers

17.15 21.22

Retail salespersons

13.85 15.35

Cooks, fast food

11.13 12.25

Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2021.

Employer costs per hour worked for wages and

Over-the-year changes in wages and salaries

selected employee benefits by geographic division

Private industry,

West South United

12-month percent changes in ECI

June 2022

Central (1)

States

8

Total compensation

$34.96 $38.91

Wages and salaries

25.53

27.44

6

Total benefits

9.43

11.47

Paid leave Vacation

2.41

2.87

4

1.23

1.47

Supplemental pay Insurance

1.32

1.37

2

2.19

2.96

Retirement and savings

1.02

1.33

Legally required benefits

2.49

2.93

(1) The states that compose the West South Central census division are: AR, LA, OK, and TX. Source: U.S. BLS, Employer Costs for Employee Compensation.

0

Sep-19

Sep-20 West South Central

Source: U.S. BLS, Employment Cost Index.

Sep-21

Sep-22

United States

Southwest Information Office ? BLSinfoDallas@ ? ? 972-850-4800

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