distribution of unemployment rates preliminary data for ... · pdf fileto be continued in the...
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Statewide 2Oklahoma City MSA 4Tulsa MSA 5
Lawton MSA 6Enid MSA 6Labor Force Statistics 7At A Glance 8
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In This Issue...
O K L A H O M A
1
Oklahoma Mar ‘03 Feb ‘03 Mar ‘02Labor Force 1,692,300 1,688,100 1,693,900Employment 1,604,800 1,593,700 1,615,800Unemployment 87,500 94,400 78,200Rate 5.2% 5.6% 4.6%
MSA Unemp Mar ‘03 Feb ‘03 Mar ‘02Oklahoma City 4.4% 4.8% 4.4%Tulsa 6.1% 6.5% 4.7%
Manufacturing Mar ‘03 Feb ‘03 Mar ‘02Avg. Weekly Wages $568.54 $541.40 $554.92Avg. Hourly Wages $14.43 $14.21 $14.12Avg. Hours Worked 39.4 38.1 39.3
Consumer Price Index (CPI) % Change Mar ‘03 Month Year
US 184.2 0.6% 3.0%
Local Office Statistics Mar ‘03 Mar ‘02Total Benefits Paid $28,295,120 $24,287,744Average Benefit Amount $225.42 $229.92App. Regist. for Work (YTD) 225,166 211,156Number of Individuals Placed(YTD) 29,876 39,667
Employers # of Employer Total(2nd Qtr 2002) Units EmploymentStatewide 90,510 1,456,541OKC MSA 28,813 526,385Tulsa MSA 21,576 391,308
Lynn Gray, OESC Managing Economist
Economic Indicators
0.0% to 2.9%
3.0% to 5.9%
6.0 % and over
8
Distribution of Unemployment Rates Preliminary Data for March 2003
Labor Market Information
8
Oklahoma Labor Market Information Economic Research and Analysis Division Oklahoma Employment Security Commission PO Box 52003 Oklahoma City, OK 73152-2003
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The employment and unemployment data in this publicationwere produced in cooperation with the Bureau of Labor Statisticsand U.S. Department of Labor. The material contained in thispublication is in the public domain and may be reproducedwithout special permission.
Oklahoma Labor Market Information is published monthly bythe Economic Research and Analysis Division of the OklahomaEmployment Security Commission. Twenty-three hundred(2300) copies have been published at a cost of $2,282.00 paidfrom funds granted by the U.S. Department of Labor. Copieshave been deposited with the Publications Clearinghouse of theOklahoma Department of Libraries.
Visit our web site at www.oesc.state.ok.usEqual Opportunity Employer/ProgramsJon Brock, Executive Director, OESC
Auther Jordan, Director,Economic Research and Analysis
Phone: (405) 557-5401Fax: (405) 525-0139
E-mail: [email protected]
PleaseRecycle71-155
David Wagner405.557.7276
Questions about OklahomaLabor Market Information?
Call Us!
Cheryl Corey405.557.5397
Lynn Gray405.557.7221
Exchange Rates and Labor Markets
Interest rates are very low; we all know that. Wealso know that the Federal Reserve orchestrated this timeof “cheap” money in an effort to strengthen the economy.The general idea is that with low interest rates, consumerswill refinance home mortgages and buy durable goodsthat they might have otherwise delayed purchasing, whilebusinesses will expand investments in new machinery,equipment, etc. While the concept of low interest ratesdriving both consumption and investment up is certainlya prime component of a strategy to grow a strugglingeconomy, it is not the only one.
Perhaps the most visible economic story of latehas been the decline in value of the US dollar versus othermajor currencies. While currency exchange markets arecomplex, one of the main items which sets a nation’sexchange rates with other currencies is the rate of interest(less inflation) of one nation compared to another. Wheninterest rates are high (low), international investors aremore (less) likely to invest in assets denominated by thatcurrency, thus causing the value of the currency inquestion to increase (decrease). This means that ourcurrent low interest rates are contributing to the US dollarlosing value compared to other currencies. But how doesthis decline in dollar value impact the economic recoverywe are hoping for, and what effect might it have on ourlabor markets specifically?
In simple terms, when the dollar losses valueagainst a foreign currency, US products sold in thatcounty fall in price. So now that the dollar is weaker versusthe Euro, French and German customers should beginnoticing that American-made goods are gradually becomingless expensive. All things being equal, this should increaseforeign consumption of goods made in the US. On ourside of the Atlantic, we should begin noticing that goodsmade in nations whose currency is doing better againstthe dollar are more expensive than they used to be. As aresult, American consumers should begin to replace theirtypical purchases of foreign-made goods with ones madein America. Therefore, our domestic producers shouldbegin to see their market share grow both at home andabroad.
These sales increases of US goods should at some pointlead manufacturers (we place emphasis on the manufacturingindustry because of its prominence in international trade) toincrease the number of hours worked by existing employees. Ifthat fails to satisfy the increase in demand, the next step wouldbe to actually increase manufacturing employment. Of course,the industry wage rates are also typically positively affected bythese developments as well.
To be continued in the April newsletter.
State of Oklahoma
Labor Force Statistics
2
Labor Force Employment Unemployment Mar-03 Feb-03 Mar-02
1,692,300 1,604,800 87,500 5.2% 5.6% 4.6%
County Data
7
*Latest month’s data is preliminary
Unemployment Rate
November 2000
HOURS AND EARNINGS Industry Avg Weekly Avg Hourly Hours Earnings
Mar Feb Mar Mar Feb Mar
2003 2003 2002 2003 2003 2002
MANUFACTURING 39.4 38.1 39.3 14.43 14.21 14.12
DURABLE GOODS 38.0 38.0 39.0 15.50 14.96 15.15
NONDURABLEGOODS 42.1 38.3 39.8 12.61 12.82 12.24
Mar 2003 Unemployment Rate
Area Employ* Unemp* Mar-03 Feb-03 Mar-02
United States 136,783,000 9,018,000 6.2% 6.4% 6.1%
Oklahoma 1,604,800 87,500 5.2% 5.6% 4.6%
Unemployment Rate
Area Employ* Unemp* Mar-03 Feb-03 Mar-02
Seasonal Growth In Health Care Services
ADAIR
ALFALFA
ATOKA
BEAVER
BECKHAM
BLAINE
BRYAN
CADDO
CANADIAN
CARTER
CHEROKEE
CHOCTAW
CIMARRON
CLEVELAND
COAL
COMANCHE
COTTON
CRAIG
CREEK
CUSTER
DELAWARE
DEWEY
ELLIS
GARFIELD
GARVIN
GRADY
GRANT
GREER
HARMON
HARPER
HASKELL
HUGHES
JACKSON
JEFFERSON
JOHNSTON
KAY
KINGFISHER
KIOWA
LATIMER
LEFLORE
LINCOLN
LOGAN
LOVE
McCLAIN
McCURTAIN
McINTOSH
MAJOR
MARSHALL
MAYES
MURRAY
MUSKOGEE
NOBLE
NOWATA
OKFUSKEE
OKLAHOMA
OKMULGEE
OSAGE
OTTAWA
PAWNEE
PAYNE
PITTSBURG
PONTOTOC
POTTAWATOMIE
PUSHMATAHA
ROGER MILLS
ROGERS
SEMINOLE
SEQUOYAH
STEPHENS
TEXAS
TILLMAN
TULSA
WAGONER
WASHINGTON
WASHITA
WOODS
WOODWARD
8,300 980 10.6% 11.3% 4.9%
2,630 60 2.1% 3.1% 1.2%
5,050 370 6.8% 7.9% 3.5%
2,580 90 3.3% 4.2% 3.1%
10,500 250 2.3% 3.0% 4.0%
4,620 210 4.4% 4.6% 4.2%
18,200 650 3.5% 3.2% 3.1%
11,280 610 5.1% 5.4% 4.5%
46,930 2,010 4.1% 4.6% 4.2%
20,270 1,030 4.8% 5.1% 4.8%
19,650 1,010 4.9% 5.4% 2.9%
5,900 510 8.0% 9.0% 7.0%
1,620 70 4.4% 4.5% 5.0%
113,700 3,800 3.2% 3.5% 3.6%
2,170 450 17.3% 17.8% 6.4%
39,690 1,300 3.2% 3.5% 3.6%
1,970 100 5.0% 5.5% 4.1%
6,110 380 5.8% 6.6% 4.6%
30,630 2,400 7.3% 7.6% 5.3%
11,400 360 3.1% 3.2% 3.3%
17,400 830 4.5% 5.4% 3.8%
2,030 70 3.1% 3.8% 3.8%
1,590 30 2.0% 2.8% 3.8%
25,850 890 3.3% 3.5% 2.8%
11,350 550 4.6% 5.3% 4.8%
20,550 890 4.1% 4.5% 4.3%
2,190 70 3.0% 3.3% 3.1%
2,420 110 4.3% 5.0% 3.2%
1,270 70 5.4% 5.1% 4.3%
1,770 60 3.4% 3.5% 2.6%
5,630 330 5.6% 6.8% 6.0%
5,490 450 7.5% 8.2% 6.1%
12,540 390 3.0% 3.3% 3.0%
2,210 150 6.3% 6.8% 6.1%
4,790 230 4.6% 4.7% 4.5%
20,760 1,650 7.4% 7.7% 6.9%
6,420 190 2.9% 3.5% 3.2%
4,730 190 3.8% 4.4% 3.3%
3,790 250 6.1% 6.9% 6.5%
18,970 1,240 6.1% 6.6% 6.2%
13,610 740 5.2% 5.3% 5.8%
15,710 560 3.4% 4.0% 3.3%
3,840 150 3.9% 4.8% 4.5%
13,400 560 4.0% 4.6% 4.5%
14,560 1,380 8.7% 9.2% 6.4%
7,860 550 6.5% 7.1% 5.9%
3,500 110 3.0% 3.9% 3.3%
5,150 190 3.6% 4.0% 4.3%
13,300 1,310 9.0% 9.7% 8.7%
5,090 270 5.0% 5.5% 5.5%
31,300 2,030 6.1% 6.6% 4.9%
4,860 180 3.5% 3.8% 5.0%
3,420 240 6.5% 6.7% 7.2%
4,060 280 6.4% 6.1% 5.5%
331,950 17,020 4.9% 5.3% 4.7%
13,880 1,340 8.8% 9.4% 7.0%
19,290 1,350 6.6% 7.0% 4.9%
11,960 1,280 9.7% 11.0% 8.8%
7,350 590 7.4% 7.5% 6.2%
35,560 870 2.4% 2.6% 1.8%
17,430 1,200 6.5% 7.5% 4.9%
16,630 710 4.1% 4.4% 4.4%
29,060 1,550 5.1% 5.2% 5.1%
5,120 390 7.1% 7.5% 7.0%
2,050 50 2.1% 2.5% 2.9%
35,200 2,180 5.8% 6.3% 3.9%
9,560 780 7.6% 7.7% 7.8%
15,970 1,120 6.6% 7.1% 6.1%
17,120 860 4.8% 4.9% 4.9%
14,080 290 2.0% 2.3% 2.2%
3,500 110 3.0% 4.1% 3.9%
281,700 18,250 6.1% 6.4% 4.7%
27,930 1,580 5.4% 5.6% 4.1%
17,250 1,140 6.2% 6.3% 5.0%
4,610 180 3.7% 4.5% 4.1%
4,350 430 9.0% 11.6% 13.0%
8,700 390 4.3% 4.6% 4.4%
TOTAL NONFARM EMPLOYMENT in Oklahomaadded 3,300 jobs in March 2003, bringing employment up to 1,470,500jobs. The state’s workforce has diminished by 17,100 jobs (-1.1percent) since March 2002. The Private Sector accounted 72.5percent of these job losses, while Government accounted for theremaining 27.5 percent. Nonfarm experienced a declined of 4,600jobs over the month and 18,200 jobs over the year.
Natural Resources and Mining rose by 2.9 percent overthe month after seasonal drops for the last four months. This sectorhas expanded by 1,000 jobs over the year. In March, employment inConstruction gained 1,100 jobs, after reporting job losses theprevious month. This sector experienced a shift similar to that seenon a national level since last month. Specialty Trade Contractorsand Heavy and Civil Engineering Construction accounted forthe job increases. Over the year, employment in this sector hasimproved by 0.9 percent.
Manufacturing a decreaseb by 2,200 jobs over the month,following the same downward trend around the nation. TransportationEquipment Manufacturing and Machinery Manufacturing accountedfor the majority employment declines. Since March 2002, theManufacturing workforce lost 5.9 percent of its 145,800 jobs.
Trade, Transportation and Utilities fell by 0.5 percentover the month and by 1.4 percent over the year. In March,Wholesale Trade lost 200 jobs, while Retail Trade grew by 500jobs. Transportation, Warehouse and Utilities was down by1,800 jobs since last month.
Information declined by 500 jobs in March 2003.Telecommunications experienced a loss of 200 jobs. Employmentin this sector has declined by 6.3 percent over the year. FinancialActivities edged upward to 83,100 jobs in March. Finance andInsurance was the main contributor to the 600-job employmentgain. Over the year, this sector has gained 500 jobs.
Employment in Professional and Business Services fellby 400 jobs in March. Professional, Scientific and TechnicalServices experienced losses over the month and offset employmentgains in Administrative and Support and Waste Managementand Remediation Services. Compared to a year ago, this industry’scurrent employment level of 155,700 jobs represents a loss of 5,000jobs.
Educational and Health Services increased by 2,400 jobsin March. Employment gains were seen in Health Care and SocialServices, which has been reporting over-the-year gains since April2000. This sector grew by 3.3 percent since last year. Leisure and
Hospitality was up by 2,800 jobs in March. Seasonal gains
147.1
150.3
155.5
158.9
146.7
135
140
145
150
155
160
165
1999 2000 2001 2002 2003
Em
plo
ymen
t ('0
00)
Jan Feb Mar Apr
Health Care and Social Assistance Overview,1999-2003
were reported in Arts, Entertainment and Recreationand Accommodation and Food Services. However, thissector had declined by 1.2 percent compared to the previousyear. Other Services reported job gains of 900 jobs forthe second consecutive month. Over the year, employmentin Other Services has grown 2.4 percent.
Government lost 700 jobs over the month and hasdecreased by 4,700 jobs over the year. FederalGovernment and Local Government reported a declineof 400 jobs and 300 jobs in March respectively. StateGovernment remained unchanged over the month.
6
Lawton Metropolitan Statistical AreaStatewide Nonfarm Payroll Employment
Number Employed
Industry Mar Feb Mar2003 2003 2002
Number Employed
Industry Mar Feb Mar 2003 2003 2002
Number Employed
Industry Mar Feb Mar 2003 2003 2002
Enid Metropolitan Statistical Area Number Employed
Industry Mar Feb Mar 2003 2003 2002
Small Job Losses Seen in Lawton During March
March Employment in Most Sectors Holds Steady For Enid
Seasonally Adjusted Nonfarm Employment
Jan 2003 Dec 2002 Jan 2002
3
Industry Mar 2003 Feb 2003 Mar 2002Industry Mar 2003 Feb 2003 Mar 2002TOTAL NONFARM 1471,200 1475,800 1489,400Nat Res. & Mining 28,800 28,000 27,800Construction 65,400 65,400 64,700Trade, Trans, Util 283,000 285,400 287,500Financial Activities 83,300 83,000 83,400
Prof & Bus Services 157,200 159,100 162,800Education & Health 175,600 173,900 171,000Leisure & Hospitality 125,500 124,400 127,300Government 295,400 297,800 298,300
Support Act for Air Transp Information Publishing Industries Newspaper, Periodical Telecommunications Financial Activities Finance & Insurance Credit Intermediation Depository Credit Int Ins Carriers/Rltd Activities Real Estate, Rental, Leasing Real Estate Prof & Business Services Prof, Scientific & Technical Legal Services Architecture/Engineering Mgt of Companies Admin, Support, Waste Mgt Admin/Support Employment Services Business Support Svc Services to Buildings Educational and Health Educational Services Health Care & Social Svcs Ambulatory Health Care Hospitals Nursing and Residential Social Assistance Leisure & Hospitality Arts, Entertainment, Rec Accommodation & Food Accommodation Food Svc, Drinking Places Full-Service Restaurant Limited-Service Eating Other Services Repair & Maintenance Personal & Laundry Services Government Federal Government State & Local Gov’t State Government Local Government
TOTAL NONFARMTotal PrivateGOODS PRODUCINGSERVICE PROVIDING Natural Resources/Mining
Construction
Manufacturing
Non-Durable Goods
Trade, Transportation, Utils
Wholesale Trade
Retail Trade
Trans, Warehouse, Utility
Information
Financial Activities
Prof & Business Services
Educational and Health
Leisure and Hospitality
Other Services
Government
Federal Government
State & Local Gov’t
State Government
Local Government
TOTAL NONFARMTotal PrivateGOODS PRODUCINGSERVICE PROVIDING Natural Resources/Mining
Construction
Manufacturing
Trade, Transportation, Utils
Wholesale Trade
Retail Trade
Trans, Warehouse, Utils
Information
Financial Activities
Prof & Business Services
Educational & Health
Leisure & Hospitality
Other Services
Government
Federal Government
State & Local Gov’t
State Government
Local Government
TOTAL NONFARMTotal PrivateGOODS PRODUCINGSERVICE PROVIDING Natural Resources/Mining Sup Act for Mining Construction Construction of Buildings Nonresidential Buildings Heavy/Civil Engineering Specialty Trade Contractors Bldg Equipment Contractor Manufacturing Durable Goods Wood Product Mfg Primary Metal Mfg Fabricated Metal Products Other Fabricated Metal Machinery Manufacturing Computer & Electronics Electrical Equipment Transportation Equipment Motor Vehicle Mfg Mtr Veh Body & Trailer Mfg Aerospace Prod & Parts Mfg Nondurable Goods Food Mfg Apparel Mfg Paper Mfg Plastics/Rubber Products Trade, Transportation, Utils Wholesale Trade Retail Trade Motor Vehicle & Parts Automobile Dealers Food/Beverage Stores Grocery Stores Gasoline Stations Gen Merchandise Stores Trans, Warehouse, Utils Utilities Transport & Warehouse Air Transportation Truck Transportation
1,470,500 1,467,200 1,487,6001,169,500 1,165,500 1,181,900
238,800 239,100 246,3001,231,700 1,228,100 1,241,300
28,700 27,900 27,70014,200 13,700 13,40064,300 63,200 63,70014,200 14,100 14,600
6,900 7,100 7,80011,600 11,300 12,60038,500 37,800 36,50019,200 19,200 17,500
145,800 148,000 154,90094,300 95,900 101,000
3,400 3,500 3,9003,300 3,300 3,600
23,400 23,700 26,1005,900 6,000 6,900
21,800 22,200 23,4006,300 6,200 6,5003,200 3,200 3,300
18,200 18,700 18,3003,900 3,900 3,6005,500 5,800 4,7003,000 3,000 4,200
51,500 52,100 53,90018,800 18,800 19,900
2,300 2,400 2,6003,400 3,500 3,500
13,500 13,600 13,200280,200 281,700 284,300
55,500 55,700 56,500168,800 168,300 172,200
23,700 23,800 24,40014,800 14,800 15,70025,000 25,200 25,40022,300 22,500 22,60014,500 14,800 13,80040,000 39,900 41,90055,900 57,700 55,60011,100 11,100 10,90044,800 46,600 44,70010,800 10,800 10,50016,700 17,900 17,700
3,600 3,600 3,40034,100 34,600 36,400
6,200 6,200 6,2005,700 5,600 5,600
15,100 15,300 16,90083,100 82,500 82,60060,800 60,200 59,70030,900 30,800 29,80024,000 23,900 22,80027,100 26,300 25,80022,300 22,300 22,90011,400 11,500 11,000
155,700 156,100 160,70054,800 56,800 55,70012,100 12,100 11,900
9,300 9,400 9,80013,900 13,500 12,30087,000 85,800 92,70084,600 84,000 89,80038,900 37,100 45,20014,700 14,900 14,60013,400 13,700 12,100
176,800 174,400 171,10017,900 18,100 16,800
158,900 156,300 154,30054,600 52,700 52,20046,600 46,400 45,00036,200 36,200 35,10021,500 21,000 22,000
123,700 120,900 125,20013,600 12,800 12,800
110,100 108,100 112,4009,200 9,500 10,700
100,900 98,600 101,70045,900 45,900 47,20049,100 47,600 48,90077,100 76,200 75,30013,200 13,800 13,40013,200 12,700 12,900
301,000 301,700 305,70046,000 46,400 45,900
255,000 255,300 259,80082,900 82,900 84,200
172,100 172,400 175,600
23,200 23,500 23,500
19,400 19,600 19,700
3,700 3,800 3,800
19,500 19,700 19,700
600 600 600
900 900 900
2,200 2,300 2,300
5,800 5,800 6,100
1,100 1,100 1,200
3,000 3,000 3,100
1,700 1,700 1,800
200 300 300
1,300 1,300 1,200
1,400 1,400 1,400
3,700 3,700 3,600
1,900 1,900 1,900
1,400 1,400 1,400
3,800 3,900 3,800
400 400 400
3,400 3,500 3,400
900 1,000 900
2,500 2,500 2,500
38,100 38,300 38,300
26,400 26,600 26,300
5,300 5,400 5,300
32,800 32,900 33,000
100 100 100
1,700 1,700 1,600
3,500 3,600 3,600
3,200 3,200 3,300
6,100 6,200 6,300
500 500 500
4,500 4,600 4,600
1,100 1,100 1,200
500 500 500
2,100 2,200 2,000
3,500 3,500 3,300
3,100 3,100 3,000
3,600 3,500 3,700
2,200 2,200 2,200
11,700 11,700 12,000
3,200 3,300 3,300
8,500 8,400 8,700
1,600 1,500 1,500
6,900 6,900 7,200
TOTAL NONFARM EMPLOYMENT for the Lawton MSA came in at38,100 jobs in March 2003, a loss of 200 jobs (-0.5 percent) over themonth and over the year.Natural Resources and Mining, Information and Other Servicesremained unchanged for both the month and the year.Manufacturing and Federal Government each declined by 100 jobs (-2.8 percent and –3.0 percent) over the month and over the year. Trade,Transportation and Utilities decreased by 100 jobs (-1.6 percent) overthe month and by 200 jobs (-3.2 percent) over the year.Construction, Professional and Business Services and Educationaland Health Services all remained constant over the month. Over theyear, Construction gained 100 jobs (+6.3 percent), while Professionaland Business Services gained 200 jobs (+6.1 percent) and Educationaland Health Services gained 100 jobs (+3.3 percent).Financial Activities decreased by 100 jobs (-4.5 percent) over themonth, but gained 100 jobs (+5.0 percent) over the year. Leisure andHospitality Services did just the opposite, gaining 100 jobs (+2.9percent) over the month and losing 100 jobs (-2.7 percent) over theyear.State Government increased by 100 jobs (+6.7%) over the month andover the year. Local Government remained unchanged over the month,but has decreased by 300 jobs (-4.2 percent) since this time last year.
TOTAL NONFARM EMPLOYMENT for the Enid MSA in March 2003dropped slightly to 23,200 jobs, a decline of 300 jobs (-1.3 percent) overboth the month and the year.Natural Resources and Mining, Construction, Professional andBusiness Services, Leisure and Hospitality Services, Other Services,Federal Government and Local Government all remained steady overthe month and over the year.Both Manufacturing and Information decreased by 100 jobs each overthe month and over the year (-4.3 percent and –33.3 percent,respectively).Trade, Transportation and Utilities remained constant over the month.Over the past year, this sector lost 300 jobs (-4.9 percent) due to joblosses in Wholesale Trade and Retail Trade as well as Transportation,Warehousing and Utilities.Financial Activities and Educational and Health Services remainedsteady over the month while both gaining 100 jobs over the year. Thisrepresents an increase of 8.3 percent and 2.8 percent respectively.State Government lost 100 jobs (-10 percent) over the month, butremained unchanged over the year.
HOURS AND EARNINGS Industry Avg Weekly Avg Hourly Hours Earnings Mar Feb Mar Mar Feb Mar
2003 2003 2002 2003 2003 2002
MANUFACTURING 39.8 38.2 39.1 16.06 15.20 14.14
DURABLE GOODS 38.7 38.2 39.2 17.78 16.29 14.55
HOURS AND EARNINGS Industry Avg Weekly Avg Hourly Hours Earnings Mar Feb Mar Mar Feb Mar
2003 2003 2002 2003 2003 2002
MANUFACTURING 41.0 41.3 37.7 15.53 15.72 15.83
DURABLE GOODS 40.1 41.8 38.3 15.88 15.88 16.19
Oklahoma City Metropolitan Statistical Area
Labor Force Employment Unemployment Mar-03 Feb-03 Mar-02
576,230 550,740 25,500 4.4% 4.8% 4.4%
Tulsa Metropolitan Statistical Area
4 5
Labor Force Employment Unemployment Mar-03 Feb-03 Mar-02
420,500 394,750 25,760 6.1% 6.5% 4.7%
Number Employed Industry Mar Feb Mar
2003 2003 2002
Number Employed Industry Mar Feb Mar
2003 2003 2002
Unemployment RateUnemployment Rate
Both Short and Long-Term Oklahoma City Employment Growth Due to Services Sector
Employment Continues to Drop Jobs In Tulsa
TOTAL NONFARMTotal PrivateGOODS PRODUCINGSERVICE PROVIDING Natural Resources/Mining Support for Mining Construction Specialty Trade Contractors Manufacturing Durable Goods Computer and Electronics Transportation Equipment Non-Durable Goods Plastics/Rubber Products Trade, Transportation, Utils Wholesale Trade Retail Trade Food/Beverage Stores Grocery Stores Sporting Goods, Hobby Gen Merchandise Store Trans,Warehouse, Utility Transport & Warehouse Information Telecommunications Financial Activities Finance & Insurance Rental & Leasing Services Prof & Business Services Professional, Scientific Mgt of Companies Admin & Support Admin/Support Employment Svcs Bus Support Svcs Educational and Health Health Care/Social Svcs Ambulatory Health Care Hospitals General Medical/Support Nursing Care Facilities Leisure and Hospitality Accommodation & Food Food Services/Drinking Full-Svc Restaurants Limited-Svc Eating Other Services Government Federal Government State & Local Gov’t State Government Local Government
TOTAL NONFARMTotal PrivateGOODS PRODUCINGSERVICE PROVIDING Natural Resources/Mining Construction Specialty Trade Contractors Manufacturing Durable Goods Other Fabricated Metal Machinery Mfg. Other General Purpose Transportation Equipment Trade, Transportation, Utils Wholesale Trade Retail Trade Food/Beverage Stores Grocery Stores General Merchandise Stores Department Stores Other Gen. Merchandise Trans,Warehouse, Util Utilities Transportation/Warehouse Air Transportation Truck Transportation Gen Freight Trucking Information Broadcasting (except Internet) Telecommunications Financial Activities Finance & Insurance Credit Intermediation Ins Carriers & Related Prof & Business Services Professional, Scientific Mgt of Companies Admin & Support Employment Services Business Support Svcs Educational and Health Educational Services Health Care/Social Services Ambulatory Health Care Hospitals Leisure and Hospitality Accommodation Food Services/Drinking Full-Service Restaurants Other Services Government Federal Government State & Local Gov’t State Government Local Government
544,900 540,000 541,000432,600 427,500 429,000
68,100 68,500 69,700476,800 471,500 471,300
6,800 6,700 6,5003,600 3,600 3,400
20,700 20,800 21,40013,100 13,100 13,30040,600 41,000 41,80028,200 28,700 28,800
2,700 2,700 3,1009,100 9,400 8,700
12,400 12,300 13,0004,000 4,100 4,100
98,500 98,100 99,20020,800 20,800 21,10061,500 60,900 62,100
8,500 8,500 7,8007,200 7,100 6,7002,600 2,900 3,000
13,200 12,900 13,60016,200 16,400 16,00013,300 13,500 12,90014,000 14,100 14,300
6,300 6,300 6,60033,400 33,200 33,60023,900 23,600 23,100
5,000 5,200 5,80069,000 67,100 69,10023,600 23,600 24,100
5,900 5,600 5,10039,500 37,900 39,90038,300 37,300 38,80018,200 17,100 20,700
5,900 5,500 5,70069,100 66,400 64,90061,000 58,600 56,80023,100 20,300 19,40021,700 21,500 20,60020,600 20,500 19,500
6,200 6,200 6,30053,600 52,900 50,60046,500 46,100 44,70041,700 41,400 40,30019,300 19,100 18,80020,200 20,400 19,30026,900 27,200 27,600
112,300 112,500 112,00027,200 27,400 26,90085,100 85,100 85,10039,700 39,700 39,80045,400 45,400 45,300
383,700 385,200 400,100338,700 340,100 353,700 71,000 71,100 76,200
312,700 314,100 323,900 4,800 4,700 5,200 20,600 20,500 20,30014,700 14,500 12,10045,600 45,900 50,70034,700 35,000 41,400
3,000 3,100 3,9009,200 9,300 10,1005,200 5,100 5,4003,800 3,900 4,400
78,500 79,600 83,20016,700 16,700 17,40041,000 41,300 44,800
6,200 6,200 6,4005,500 5,500 5,6009,400 9,300 10,5003,300 3,400 3,9006,000 5,900 6,600
20,800 21,600 21,0003,500 3,400 3,400
17,300 18,200 17,6009,400 9,400 9,0004,200 4,100 4,7004,200 4,100 4,100
13,600 13,700 15,3003,000 3,100 4,1006,700 6,700 7,300
25,300 25,200 24,70018,300 18,200 17,600
8,300 8,200 8,0004,800 4,700 4,400
47,100 47,900 51,30018,100 18,600 18,800
6,100 6,100 5,30022,900 23,200 27,200
9,100 8,800 11,5005,600 6,200 5,800
50,400 50,100 50,5006,300 6,200 6,300
44,100 43,900 44,20016,200 16,200 16,70015,000 14,800 14,40031,300 32,000 32,800
2,800 3,000 2,80023,500 25,500 27,30011,300 13,000 13,80021,500 20,500 19,70045,000 45,100 46,400
4,700 4,700 4,70040,300 40,400 41,700
6,800 6,700 6,80033,500 33,700 34,900
TOTAL NONFARM EMPLOYMENT for the Oklahoma City MSAcame in at 544,900 jobs for March 2003. This is 4,900 jobs (+0.9 percent)higher than February 2003 and 3,900 jobs (+0.7 percent) more thanMarch 2002.Natural Resources and Mining (6,800 jobs) increased by 100 jobs(+1.5 percent) since February 2003 and has grown by 300 jobs (+4.6percent) since March 2002.Construction dropped 100 jobs (-0.5 percent) over the month. Thissector is down 700 jobs (-3.3 percent) since March 2002.Manufacturing dropped to 40,600 jobs after losing 400 jobs (-1.0percent) over the month and 1,200 jobs (-2.9 percent) since this timelast year. Compared to March 2002, Durable Goods (28,200 jobs) lost600 jobs, while Non-Durable Goods (12,400 jobs) also declined by 600jobs.Trade, Transportation and Utilities reached 98,500 jobs in March2003, gaining 400 jobs (+0.4 percent) over the month but losing 700jobs (-0.7 percent) over the year. For the month, Retail Trade added600 jobs (+1.0 percent), while Wholesale Trade (20,800 jobs) remainedconstant. At 16,200 jobs, Transportation, Warehousing and Utilitieshas gained 200 jobs (+1.3 percent) since this time last year.Information (14,000 jobs) was reduced by 100 jobs for the month andby 300 jobs (-2.1 percent) since March 2002.Financial Activities added 200 jobs over the month but dropped by200 jobs (-0.6 percent) since this time last year.Professional and Business Services (69,000 jobs) gained 1,900 jobs(+2.8 percent) for the month but dropped by 100 jobs for the year.Educational and Health Services added 2,700 jobs (+4.1 percent) overthe month, while jumping by 4,200 jobs (+6.5 percent) since March2002 to 69,100 jobs. Leisure and Hospitality Services (53,600 jobs)added 700 jobs this month and increased by 3,000 jobs (+5.9 percent)since March 2002. Other Services was reduced by 300 jobs (-1.1percent) this month and by 700 jobs (-2.5 percent) over the year.Total Government (112,300 jobs) contracted by 200 jobs over themonth, but added 300 jobs over the year. Federal Government dropped200 jobs and fell to 27,200 jobs, while State Government (39,700) andLocal Government (45,400) both remained unchanged.
TOTAL NONFARM EMPLOYMENT in the Tulsa MSA dropped to383,700 jobs, losing 1,500 jobs (-0.4%) over the month and 16,400 jobs(-4.1%) over the year. Employment losses were seen mainly in theServices Providing Industries.Natural Resources and Mining added 100 workers (+2.1%) over themonth, but lost 400 jobs (-7.7%) over the year.Construction (20,600 jobs) gained 100 workers (+0.5%) in March 2003.Specialty Trade Constructors added 200 workers (+1.4%) over the monthand 2,600 jobs (+21.5%) over the year.Manufacturing dropped 300 workers (-0.7%) from February 2003 and5,100 employees (-10.1%) from March 2002. Durable GoodsManufacturing was the primary source of these losses.Trade, Transportation and Utilities (78,500 jobs) lost 1,100 jobs (-1.4%)from February 2003 and 4,700 jobs (-5.6%) since March 2002. TheTransportation and Warehouse sub-sector lost 900 employees overthe month.Information dropped 100 workers (-0.7%) over the month and 1,700jobs (-11.1%) from March 2002.Financial Activities increased by 100 jobs (+0.4%) from the previousmonth and by 600 workers (+2.4%) over the year. Over-the-year gainswere strong in the Finance and Insurance.Professional and Business Services dropped 800 jobs (-1.7%) in March2003 and 4,200 jobs (-8.2%) over the year. Significant declines wereseen in Administrative and Support Services.Educational and Health Services added 300 workers (+0.6%) fromFebruary 2003. Health Care and Social Services and Hospitals added200 workers each over the month. Over the year, only 100 employees (-0.2 percent) were lost in this sector when compared to March 2002.Leisure and Hospitality Services lost 700 employees (-2.2%) fromFebruary 2002 and 1,500 workers (-4.6%) over the year. Food Servicesand Drinking Places as well as Full-service Restaurants continued to bethe primary sources of job loss in this sector.Other Services expanded by 1,000 jobs (+4.9%) over the month and by1,800 jobs (+9.1%) from March 2003. Employment growth was due mainlyto Religious Activities.Total Government dropped 100 jobs (-0.2%) over the month and 1,400workers (-3.0%) over the year. Over-the-month job losses were seenmainly in Local Government.
HOURS AND EARNINGS Industry Avg Weekly Avg Hourly Hours Earnings Mar Feb Mar Mar Feb Mar
2003 2003 2002 2003 2003 2002
MANUFACTURING 39.8 38.2 39.1 16.06 15.20 14.14
DURABLE GOODS 38.7 38.2 39.2 17.78 16.29 14.55
HOURS AND EARNINGS Industry Avg Weekly Avg Hourly Hours Earnings Mar Feb Mar Mar Feb Mar
2003 2003 2002 2003 2003 2002
MANUFACTURING 41.0 41.3 37.7 15.53 15.72 15.83
DURABLE GOODS 40.1 41.8 38.3 15.88 15.88 16.19
Oklahoma City Metropolitan Statistical Area
Labor Force Employment Unemployment Mar-03 Feb-03 Mar-02
576,230 550,740 25,500 4.4% 4.8% 4.4%
Tulsa Metropolitan Statistical Area
4 5
Labor Force Employment Unemployment Mar-03 Feb-03 Mar-02
420,500 394,750 25,760 6.1% 6.5% 4.7%
Number Employed Industry Mar Feb Mar
2003 2003 2002
Number Employed Industry Mar Feb Mar
2003 2003 2002
Unemployment RateUnemployment Rate
Both Short and Long-Term Oklahoma City Employment Growth Due to Services Sector
Employment Continues to Drop Jobs In Tulsa
TOTAL NONFARMTotal PrivateGOODS PRODUCINGSERVICE PROVIDING Natural Resources/Mining Support for Mining Construction Specialty Trade Contractors Manufacturing Durable Goods Computer and Electronics Transportation Equipment Non-Durable Goods Plastics/Rubber Products Trade, Transportation, Utils Wholesale Trade Retail Trade Food/Beverage Stores Grocery Stores Sporting Goods, Hobby Gen Merchandise Store Trans,Warehouse, Utility Transport & Warehouse Information Telecommunications Financial Activities Finance & Insurance Rental & Leasing Services Prof & Business Services Professional, Scientific Mgt of Companies Admin & Support Admin/Support Employment Svcs Bus Support Svcs Educational and Health Health Care/Social Svcs Ambulatory Health Care Hospitals General Medical/Support Nursing Care Facilities Leisure and Hospitality Accommodation & Food Food Services/Drinking Full-Svc Restaurants Limited-Svc Eating Other Services Government Federal Government State & Local Gov’t State Government Local Government
TOTAL NONFARMTotal PrivateGOODS PRODUCINGSERVICE PROVIDING Natural Resources/Mining Construction Specialty Trade Contractors Manufacturing Durable Goods Other Fabricated Metal Machinery Mfg. Other General Purpose Transportation Equipment Trade, Transportation, Utils Wholesale Trade Retail Trade Food/Beverage Stores Grocery Stores General Merchandise Stores Department Stores Other Gen. Merchandise Trans,Warehouse, Util Utilities Transportation/Warehouse Air Transportation Truck Transportation Gen Freight Trucking Information Broadcasting (except Internet) Telecommunications Financial Activities Finance & Insurance Credit Intermediation Ins Carriers & Related Prof & Business Services Professional, Scientific Mgt of Companies Admin & Support Employment Services Business Support Svcs Educational and Health Educational Services Health Care/Social Services Ambulatory Health Care Hospitals Leisure and Hospitality Accommodation Food Services/Drinking Full-Service Restaurants Other Services Government Federal Government State & Local Gov’t State Government Local Government
544,900 540,000 541,000432,600 427,500 429,000
68,100 68,500 69,700476,800 471,500 471,300
6,800 6,700 6,5003,600 3,600 3,400
20,700 20,800 21,40013,100 13,100 13,30040,600 41,000 41,80028,200 28,700 28,800
2,700 2,700 3,1009,100 9,400 8,700
12,400 12,300 13,0004,000 4,100 4,100
98,500 98,100 99,20020,800 20,800 21,10061,500 60,900 62,100
8,500 8,500 7,8007,200 7,100 6,7002,600 2,900 3,000
13,200 12,900 13,60016,200 16,400 16,00013,300 13,500 12,90014,000 14,100 14,300
6,300 6,300 6,60033,400 33,200 33,60023,900 23,600 23,100
5,000 5,200 5,80069,000 67,100 69,10023,600 23,600 24,100
5,900 5,600 5,10039,500 37,900 39,90038,300 37,300 38,80018,200 17,100 20,700
5,900 5,500 5,70069,100 66,400 64,90061,000 58,600 56,80023,100 20,300 19,40021,700 21,500 20,60020,600 20,500 19,500
6,200 6,200 6,30053,600 52,900 50,60046,500 46,100 44,70041,700 41,400 40,30019,300 19,100 18,80020,200 20,400 19,30026,900 27,200 27,600
112,300 112,500 112,00027,200 27,400 26,90085,100 85,100 85,10039,700 39,700 39,80045,400 45,400 45,300
383,700 385,200 400,100338,700 340,100 353,700 71,000 71,100 76,200
312,700 314,100 323,900 4,800 4,700 5,200 20,600 20,500 20,30014,700 14,500 12,10045,600 45,900 50,70034,700 35,000 41,400
3,000 3,100 3,9009,200 9,300 10,1005,200 5,100 5,4003,800 3,900 4,400
78,500 79,600 83,20016,700 16,700 17,40041,000 41,300 44,800
6,200 6,200 6,4005,500 5,500 5,6009,400 9,300 10,5003,300 3,400 3,9006,000 5,900 6,600
20,800 21,600 21,0003,500 3,400 3,400
17,300 18,200 17,6009,400 9,400 9,0004,200 4,100 4,7004,200 4,100 4,100
13,600 13,700 15,3003,000 3,100 4,1006,700 6,700 7,300
25,300 25,200 24,70018,300 18,200 17,600
8,300 8,200 8,0004,800 4,700 4,400
47,100 47,900 51,30018,100 18,600 18,800
6,100 6,100 5,30022,900 23,200 27,200
9,100 8,800 11,5005,600 6,200 5,800
50,400 50,100 50,5006,300 6,200 6,300
44,100 43,900 44,20016,200 16,200 16,70015,000 14,800 14,40031,300 32,000 32,800
2,800 3,000 2,80023,500 25,500 27,30011,300 13,000 13,80021,500 20,500 19,70045,000 45,100 46,400
4,700 4,700 4,70040,300 40,400 41,700
6,800 6,700 6,80033,500 33,700 34,900
TOTAL NONFARM EMPLOYMENT for the Oklahoma City MSAcame in at 544,900 jobs for March 2003. This is 4,900 jobs (+0.9 percent)higher than February 2003 and 3,900 jobs (+0.7 percent) more thanMarch 2002.Natural Resources and Mining (6,800 jobs) increased by 100 jobs(+1.5 percent) since February 2003 and has grown by 300 jobs (+4.6percent) since March 2002.Construction dropped 100 jobs (-0.5 percent) over the month. Thissector is down 700 jobs (-3.3 percent) since March 2002.Manufacturing dropped to 40,600 jobs after losing 400 jobs (-1.0percent) over the month and 1,200 jobs (-2.9 percent) since this timelast year. Compared to March 2002, Durable Goods (28,200 jobs) lost600 jobs, while Non-Durable Goods (12,400 jobs) also declined by 600jobs.Trade, Transportation and Utilities reached 98,500 jobs in March2003, gaining 400 jobs (+0.4 percent) over the month but losing 700jobs (-0.7 percent) over the year. For the month, Retail Trade added600 jobs (+1.0 percent), while Wholesale Trade (20,800 jobs) remainedconstant. At 16,200 jobs, Transportation, Warehousing and Utilitieshas gained 200 jobs (+1.3 percent) since this time last year.Information (14,000 jobs) was reduced by 100 jobs for the month andby 300 jobs (-2.1 percent) since March 2002.Financial Activities added 200 jobs over the month but dropped by200 jobs (-0.6 percent) since this time last year.Professional and Business Services (69,000 jobs) gained 1,900 jobs(+2.8 percent) for the month but dropped by 100 jobs for the year.Educational and Health Services added 2,700 jobs (+4.1 percent) overthe month, while jumping by 4,200 jobs (+6.5 percent) since March2002 to 69,100 jobs. Leisure and Hospitality Services (53,600 jobs)added 700 jobs this month and increased by 3,000 jobs (+5.9 percent)since March 2002. Other Services was reduced by 300 jobs (-1.1percent) this month and by 700 jobs (-2.5 percent) over the year.Total Government (112,300 jobs) contracted by 200 jobs over themonth, but added 300 jobs over the year. Federal Government dropped200 jobs and fell to 27,200 jobs, while State Government (39,700) andLocal Government (45,400) both remained unchanged.
TOTAL NONFARM EMPLOYMENT in the Tulsa MSA dropped to383,700 jobs, losing 1,500 jobs (-0.4%) over the month and 16,400 jobs(-4.1%) over the year. Employment losses were seen mainly in theServices Providing Industries.Natural Resources and Mining added 100 workers (+2.1%) over themonth, but lost 400 jobs (-7.7%) over the year.Construction (20,600 jobs) gained 100 workers (+0.5%) in March 2003.Specialty Trade Constructors added 200 workers (+1.4%) over the monthand 2,600 jobs (+21.5%) over the year.Manufacturing dropped 300 workers (-0.7%) from February 2003 and5,100 employees (-10.1%) from March 2002. Durable GoodsManufacturing was the primary source of these losses.Trade, Transportation and Utilities (78,500 jobs) lost 1,100 jobs (-1.4%)from February 2003 and 4,700 jobs (-5.6%) since March 2002. TheTransportation and Warehouse sub-sector lost 900 employees overthe month.Information dropped 100 workers (-0.7%) over the month and 1,700jobs (-11.1%) from March 2002.Financial Activities increased by 100 jobs (+0.4%) from the previousmonth and by 600 workers (+2.4%) over the year. Over-the-year gainswere strong in the Finance and Insurance.Professional and Business Services dropped 800 jobs (-1.7%) in March2003 and 4,200 jobs (-8.2%) over the year. Significant declines wereseen in Administrative and Support Services.Educational and Health Services added 300 workers (+0.6%) fromFebruary 2003. Health Care and Social Services and Hospitals added200 workers each over the month. Over the year, only 100 employees (-0.2 percent) were lost in this sector when compared to March 2002.Leisure and Hospitality Services lost 700 employees (-2.2%) fromFebruary 2002 and 1,500 workers (-4.6%) over the year. Food Servicesand Drinking Places as well as Full-service Restaurants continued to bethe primary sources of job loss in this sector.Other Services expanded by 1,000 jobs (+4.9%) over the month and by1,800 jobs (+9.1%) from March 2003. Employment growth was due mainlyto Religious Activities.Total Government dropped 100 jobs (-0.2%) over the month and 1,400workers (-3.0%) over the year. Over-the-month job losses were seenmainly in Local Government.
6
Lawton Metropolitan Statistical AreaStatewide Nonfarm Payroll Employment
Number Employed
Industry Mar Feb Mar2003 2003 2002
Number Employed
Industry Mar Feb Mar 2003 2003 2002
Number Employed
Industry Mar Feb Mar 2003 2003 2002
Enid Metropolitan Statistical Area Number Employed
Industry Mar Feb Mar 2003 2003 2002
Small Job Losses Seen in Lawton During March
March Employment in Most Sectors Holds Steady For Enid
Seasonally Adjusted Nonfarm Employment
Jan 2003 Dec 2002 Jan 2002
3
Industry Mar 2003 Feb 2003 Mar 2002Industry Mar 2003 Feb 2003 Mar 2002TOTAL NONFARM 1471,200 1475,800 1489,400Nat Res. & Mining 28,800 28,000 27,800Construction 65,400 65,400 64,700Trade, Trans, Util 283,000 285,400 287,500Financial Activities 83,300 83,000 83,400
Prof & Bus Services 157,200 159,100 162,800Education & Health 175,600 173,900 171,000Leisure & Hospitality 125,500 124,400 127,300Government 295,400 297,800 298,300
Support Act for Air Transp Information Publishing Industries Newspaper, Periodical Telecommunications Financial Activities Finance & Insurance Credit Intermediation Depository Credit Int Ins Carriers/Rltd Activities Real Estate, Rental, Leasing Real Estate Prof & Business Services Prof, Scientific & Technical Legal Services Architecture/Engineering Mgt of Companies Admin, Support, Waste Mgt Admin/Support Employment Services Business Support Svc Services to Buildings Educational and Health Educational Services Health Care & Social Svcs Ambulatory Health Care Hospitals Nursing and Residential Social Assistance Leisure & Hospitality Arts, Entertainment, Rec Accommodation & Food Accommodation Food Svc, Drinking Places Full-Service Restaurant Limited-Service Eating Other Services Repair & Maintenance Personal & Laundry Services Government Federal Government State & Local Gov’t State Government Local Government
TOTAL NONFARMTotal PrivateGOODS PRODUCINGSERVICE PROVIDING Natural Resources/Mining
Construction
Manufacturing
Non-Durable Goods
Trade, Transportation, Utils
Wholesale Trade
Retail Trade
Trans, Warehouse, Utility
Information
Financial Activities
Prof & Business Services
Educational and Health
Leisure and Hospitality
Other Services
Government
Federal Government
State & Local Gov’t
State Government
Local Government
TOTAL NONFARMTotal PrivateGOODS PRODUCINGSERVICE PROVIDING Natural Resources/Mining
Construction
Manufacturing
Trade, Transportation, Utils
Wholesale Trade
Retail Trade
Trans, Warehouse, Utils
Information
Financial Activities
Prof & Business Services
Educational & Health
Leisure & Hospitality
Other Services
Government
Federal Government
State & Local Gov’t
State Government
Local Government
TOTAL NONFARMTotal PrivateGOODS PRODUCINGSERVICE PROVIDING Natural Resources/Mining Sup Act for Mining Construction Construction of Buildings Nonresidential Buildings Heavy/Civil Engineering Specialty Trade Contractors Bldg Equipment Contractor Manufacturing Durable Goods Wood Product Mfg Primary Metal Mfg Fabricated Metal Products Other Fabricated Metal Machinery Manufacturing Computer & Electronics Electrical Equipment Transportation Equipment Motor Vehicle Mfg Mtr Veh Body & Trailer Mfg Aerospace Prod & Parts Mfg Nondurable Goods Food Mfg Apparel Mfg Paper Mfg Plastics/Rubber Products Trade, Transportation, Utils Wholesale Trade Retail Trade Motor Vehicle & Parts Automobile Dealers Food/Beverage Stores Grocery Stores Gasoline Stations Gen Merchandise Stores Trans, Warehouse, Utils Utilities Transport & Warehouse Air Transportation Truck Transportation
1,470,500 1,467,200 1,487,6001,169,500 1,165,500 1,181,900
238,800 239,100 246,3001,231,700 1,228,100 1,241,300
28,700 27,900 27,70014,200 13,700 13,40064,300 63,200 63,70014,200 14,100 14,600
6,900 7,100 7,80011,600 11,300 12,60038,500 37,800 36,50019,200 19,200 17,500
145,800 148,000 154,90094,300 95,900 101,000
3,400 3,500 3,9003,300 3,300 3,600
23,400 23,700 26,1005,900 6,000 6,900
21,800 22,200 23,4006,300 6,200 6,5003,200 3,200 3,300
18,200 18,700 18,3003,900 3,900 3,6005,500 5,800 4,7003,000 3,000 4,200
51,500 52,100 53,90018,800 18,800 19,900
2,300 2,400 2,6003,400 3,500 3,500
13,500 13,600 13,200280,200 281,700 284,300
55,500 55,700 56,500168,800 168,300 172,200
23,700 23,800 24,40014,800 14,800 15,70025,000 25,200 25,40022,300 22,500 22,60014,500 14,800 13,80040,000 39,900 41,90055,900 57,700 55,60011,100 11,100 10,90044,800 46,600 44,70010,800 10,800 10,50016,700 17,900 17,700
3,600 3,600 3,40034,100 34,600 36,400
6,200 6,200 6,2005,700 5,600 5,600
15,100 15,300 16,90083,100 82,500 82,60060,800 60,200 59,70030,900 30,800 29,80024,000 23,900 22,80027,100 26,300 25,80022,300 22,300 22,90011,400 11,500 11,000
155,700 156,100 160,70054,800 56,800 55,70012,100 12,100 11,900
9,300 9,400 9,80013,900 13,500 12,30087,000 85,800 92,70084,600 84,000 89,80038,900 37,100 45,20014,700 14,900 14,60013,400 13,700 12,100
176,800 174,400 171,10017,900 18,100 16,800
158,900 156,300 154,30054,600 52,700 52,20046,600 46,400 45,00036,200 36,200 35,10021,500 21,000 22,000
123,700 120,900 125,20013,600 12,800 12,800
110,100 108,100 112,4009,200 9,500 10,700
100,900 98,600 101,70045,900 45,900 47,20049,100 47,600 48,90077,100 76,200 75,30013,200 13,800 13,40013,200 12,700 12,900
301,000 301,700 305,70046,000 46,400 45,900
255,000 255,300 259,80082,900 82,900 84,200
172,100 172,400 175,600
23,200 23,500 23,500
19,400 19,600 19,700
3,700 3,800 3,800
19,500 19,700 19,700
600 600 600
900 900 900
2,200 2,300 2,300
5,800 5,800 6,100
1,100 1,100 1,200
3,000 3,000 3,100
1,700 1,700 1,800
200 300 300
1,300 1,300 1,200
1,400 1,400 1,400
3,700 3,700 3,600
1,900 1,900 1,900
1,400 1,400 1,400
3,800 3,900 3,800
400 400 400
3,400 3,500 3,400
900 1,000 900
2,500 2,500 2,500
38,100 38,300 38,300
26,400 26,600 26,300
5,300 5,400 5,300
32,800 32,900 33,000
100 100 100
1,700 1,700 1,600
3,500 3,600 3,600
3,200 3,200 3,300
6,100 6,200 6,300
500 500 500
4,500 4,600 4,600
1,100 1,100 1,200
500 500 500
2,100 2,200 2,000
3,500 3,500 3,300
3,100 3,100 3,000
3,600 3,500 3,700
2,200 2,200 2,200
11,700 11,700 12,000
3,200 3,300 3,300
8,500 8,400 8,700
1,600 1,500 1,500
6,900 6,900 7,200
TOTAL NONFARM EMPLOYMENT for the Lawton MSA came in at38,100 jobs in March 2003, a loss of 200 jobs (-0.5 percent) over themonth and over the year.Natural Resources and Mining, Information and Other Servicesremained unchanged for both the month and the year.Manufacturing and Federal Government each declined by 100 jobs (-2.8 percent and –3.0 percent) over the month and over the year. Trade,Transportation and Utilities decreased by 100 jobs (-1.6 percent) overthe month and by 200 jobs (-3.2 percent) over the year.Construction, Professional and Business Services and Educationaland Health Services all remained constant over the month. Over theyear, Construction gained 100 jobs (+6.3 percent), while Professionaland Business Services gained 200 jobs (+6.1 percent) and Educationaland Health Services gained 100 jobs (+3.3 percent).Financial Activities decreased by 100 jobs (-4.5 percent) over themonth, but gained 100 jobs (+5.0 percent) over the year. Leisure andHospitality Services did just the opposite, gaining 100 jobs (+2.9percent) over the month and losing 100 jobs (-2.7 percent) over theyear.State Government increased by 100 jobs (+6.7%) over the month andover the year. Local Government remained unchanged over the month,but has decreased by 300 jobs (-4.2 percent) since this time last year.
TOTAL NONFARM EMPLOYMENT for the Enid MSA in March 2003dropped slightly to 23,200 jobs, a decline of 300 jobs (-1.3 percent) overboth the month and the year.Natural Resources and Mining, Construction, Professional andBusiness Services, Leisure and Hospitality Services, Other Services,Federal Government and Local Government all remained steady overthe month and over the year.Both Manufacturing and Information decreased by 100 jobs each overthe month and over the year (-4.3 percent and –33.3 percent,respectively).Trade, Transportation and Utilities remained constant over the month.Over the past year, this sector lost 300 jobs (-4.9 percent) due to joblosses in Wholesale Trade and Retail Trade as well as Transportation,Warehousing and Utilities.Financial Activities and Educational and Health Services remainedsteady over the month while both gaining 100 jobs over the year. Thisrepresents an increase of 8.3 percent and 2.8 percent respectively.State Government lost 100 jobs (-10 percent) over the month, butremained unchanged over the year.
State of Oklahoma
Labor Force Statistics
2
Labor Force Employment Unemployment Mar-03 Feb-03 Mar-02
1,692,300 1,604,800 87,500 5.2% 5.6% 4.6%
County Data
7
*Latest month’s data is preliminary
Unemployment Rate
November 2000
HOURS AND EARNINGS Industry Avg Weekly Avg Hourly Hours Earnings
Mar Feb Mar Mar Feb Mar
2003 2003 2002 2003 2003 2002
MANUFACTURING 39.4 38.1 39.3 14.43 14.21 14.12
DURABLE GOODS 38.0 38.0 39.0 15.50 14.96 15.15
NONDURABLEGOODS 42.1 38.3 39.8 12.61 12.82 12.24
Mar 2003 Unemployment Rate
Area Employ* Unemp* Mar-03 Feb-03 Mar-02
United States 136,783,000 9,018,000 6.2% 6.4% 6.1%
Oklahoma 1,604,800 87,500 5.2% 5.6% 4.6%
Unemployment Rate
Area Employ* Unemp* Mar-03 Feb-03 Mar-02
Seasonal Growth In Health Care Services
ADAIR
ALFALFA
ATOKA
BEAVER
BECKHAM
BLAINE
BRYAN
CADDO
CANADIAN
CARTER
CHEROKEE
CHOCTAW
CIMARRON
CLEVELAND
COAL
COMANCHE
COTTON
CRAIG
CREEK
CUSTER
DELAWARE
DEWEY
ELLIS
GARFIELD
GARVIN
GRADY
GRANT
GREER
HARMON
HARPER
HASKELL
HUGHES
JACKSON
JEFFERSON
JOHNSTON
KAY
KINGFISHER
KIOWA
LATIMER
LEFLORE
LINCOLN
LOGAN
LOVE
McCLAIN
McCURTAIN
McINTOSH
MAJOR
MARSHALL
MAYES
MURRAY
MUSKOGEE
NOBLE
NOWATA
OKFUSKEE
OKLAHOMA
OKMULGEE
OSAGE
OTTAWA
PAWNEE
PAYNE
PITTSBURG
PONTOTOC
POTTAWATOMIE
PUSHMATAHA
ROGER MILLS
ROGERS
SEMINOLE
SEQUOYAH
STEPHENS
TEXAS
TILLMAN
TULSA
WAGONER
WASHINGTON
WASHITA
WOODS
WOODWARD
8,300 980 10.6% 11.3% 4.9%
2,630 60 2.1% 3.1% 1.2%
5,050 370 6.8% 7.9% 3.5%
2,580 90 3.3% 4.2% 3.1%
10,500 250 2.3% 3.0% 4.0%
4,620 210 4.4% 4.6% 4.2%
18,200 650 3.5% 3.2% 3.1%
11,280 610 5.1% 5.4% 4.5%
46,930 2,010 4.1% 4.6% 4.2%
20,270 1,030 4.8% 5.1% 4.8%
19,650 1,010 4.9% 5.4% 2.9%
5,900 510 8.0% 9.0% 7.0%
1,620 70 4.4% 4.5% 5.0%
113,700 3,800 3.2% 3.5% 3.6%
2,170 450 17.3% 17.8% 6.4%
39,690 1,300 3.2% 3.5% 3.6%
1,970 100 5.0% 5.5% 4.1%
6,110 380 5.8% 6.6% 4.6%
30,630 2,400 7.3% 7.6% 5.3%
11,400 360 3.1% 3.2% 3.3%
17,400 830 4.5% 5.4% 3.8%
2,030 70 3.1% 3.8% 3.8%
1,590 30 2.0% 2.8% 3.8%
25,850 890 3.3% 3.5% 2.8%
11,350 550 4.6% 5.3% 4.8%
20,550 890 4.1% 4.5% 4.3%
2,190 70 3.0% 3.3% 3.1%
2,420 110 4.3% 5.0% 3.2%
1,270 70 5.4% 5.1% 4.3%
1,770 60 3.4% 3.5% 2.6%
5,630 330 5.6% 6.8% 6.0%
5,490 450 7.5% 8.2% 6.1%
12,540 390 3.0% 3.3% 3.0%
2,210 150 6.3% 6.8% 6.1%
4,790 230 4.6% 4.7% 4.5%
20,760 1,650 7.4% 7.7% 6.9%
6,420 190 2.9% 3.5% 3.2%
4,730 190 3.8% 4.4% 3.3%
3,790 250 6.1% 6.9% 6.5%
18,970 1,240 6.1% 6.6% 6.2%
13,610 740 5.2% 5.3% 5.8%
15,710 560 3.4% 4.0% 3.3%
3,840 150 3.9% 4.8% 4.5%
13,400 560 4.0% 4.6% 4.5%
14,560 1,380 8.7% 9.2% 6.4%
7,860 550 6.5% 7.1% 5.9%
3,500 110 3.0% 3.9% 3.3%
5,150 190 3.6% 4.0% 4.3%
13,300 1,310 9.0% 9.7% 8.7%
5,090 270 5.0% 5.5% 5.5%
31,300 2,030 6.1% 6.6% 4.9%
4,860 180 3.5% 3.8% 5.0%
3,420 240 6.5% 6.7% 7.2%
4,060 280 6.4% 6.1% 5.5%
331,950 17,020 4.9% 5.3% 4.7%
13,880 1,340 8.8% 9.4% 7.0%
19,290 1,350 6.6% 7.0% 4.9%
11,960 1,280 9.7% 11.0% 8.8%
7,350 590 7.4% 7.5% 6.2%
35,560 870 2.4% 2.6% 1.8%
17,430 1,200 6.5% 7.5% 4.9%
16,630 710 4.1% 4.4% 4.4%
29,060 1,550 5.1% 5.2% 5.1%
5,120 390 7.1% 7.5% 7.0%
2,050 50 2.1% 2.5% 2.9%
35,200 2,180 5.8% 6.3% 3.9%
9,560 780 7.6% 7.7% 7.8%
15,970 1,120 6.6% 7.1% 6.1%
17,120 860 4.8% 4.9% 4.9%
14,080 290 2.0% 2.3% 2.2%
3,500 110 3.0% 4.1% 3.9%
281,700 18,250 6.1% 6.4% 4.7%
27,930 1,580 5.4% 5.6% 4.1%
17,250 1,140 6.2% 6.3% 5.0%
4,610 180 3.7% 4.5% 4.1%
4,350 430 9.0% 11.6% 13.0%
8,700 390 4.3% 4.6% 4.4%
TOTAL NONFARM EMPLOYMENT in Oklahomaadded 3,300 jobs in March 2003, bringing employment up to 1,470,500jobs. The state’s workforce has diminished by 17,100 jobs (-1.1percent) since March 2002. The Private Sector accounted 72.5percent of these job losses, while Government accounted for theremaining 27.5 percent. Nonfarm experienced a declined of 4,600jobs over the month and 18,200 jobs over the year.
Natural Resources and Mining rose by 2.9 percent overthe month after seasonal drops for the last four months. This sectorhas expanded by 1,000 jobs over the year. In March, employment inConstruction gained 1,100 jobs, after reporting job losses theprevious month. This sector experienced a shift similar to that seenon a national level since last month. Specialty Trade Contractorsand Heavy and Civil Engineering Construction accounted forthe job increases. Over the year, employment in this sector hasimproved by 0.9 percent.
Manufacturing a decreaseb by 2,200 jobs over the month,following the same downward trend around the nation. TransportationEquipment Manufacturing and Machinery Manufacturing accountedfor the majority employment declines. Since March 2002, theManufacturing workforce lost 5.9 percent of its 145,800 jobs.
Trade, Transportation and Utilities fell by 0.5 percentover the month and by 1.4 percent over the year. In March,Wholesale Trade lost 200 jobs, while Retail Trade grew by 500jobs. Transportation, Warehouse and Utilities was down by1,800 jobs since last month.
Information declined by 500 jobs in March 2003.Telecommunications experienced a loss of 200 jobs. Employmentin this sector has declined by 6.3 percent over the year. FinancialActivities edged upward to 83,100 jobs in March. Finance andInsurance was the main contributor to the 600-job employmentgain. Over the year, this sector has gained 500 jobs.
Employment in Professional and Business Services fellby 400 jobs in March. Professional, Scientific and TechnicalServices experienced losses over the month and offset employmentgains in Administrative and Support and Waste Managementand Remediation Services. Compared to a year ago, this industry’scurrent employment level of 155,700 jobs represents a loss of 5,000jobs.
Educational and Health Services increased by 2,400 jobsin March. Employment gains were seen in Health Care and SocialServices, which has been reporting over-the-year gains since April2000. This sector grew by 3.3 percent since last year. Leisure and
Hospitality was up by 2,800 jobs in March. Seasonal gains
147.1
150.3
155.5
158.9
146.7
135
140
145
150
155
160
165
1999 2000 2001 2002 2003
Em
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Jan Feb Mar Apr
Health Care and Social Assistance Overview,1999-2003
were reported in Arts, Entertainment and Recreationand Accommodation and Food Services. However, thissector had declined by 1.2 percent compared to the previousyear. Other Services reported job gains of 900 jobs forthe second consecutive month. Over the year, employmentin Other Services has grown 2.4 percent.
Government lost 700 jobs over the month and hasdecreased by 4,700 jobs over the year. FederalGovernment and Local Government reported a declineof 400 jobs and 300 jobs in March respectively. StateGovernment remained unchanged over the month.
Statewide 2Oklahoma City MSA 4Tulsa MSA 5
Lawton MSA 6Enid MSA 6Labor Force Statistics 7At A Glance 8
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In This Issue...
O K L A H O M A
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Oklahoma Mar ‘03 Feb ‘03 Mar ‘02Labor Force 1,692,300 1,688,100 1,693,900Employment 1,604,800 1,593,700 1,615,800Unemployment 87,500 94,400 78,200Rate 5.2% 5.6% 4.6%
MSA Unemp Mar ‘03 Feb ‘03 Mar ‘02Oklahoma City 4.4% 4.8% 4.4%Tulsa 6.1% 6.5% 4.7%
Manufacturing Mar ‘03 Feb ‘03 Mar ‘02Avg. Weekly Wages $568.54 $541.40 $554.92Avg. Hourly Wages $14.43 $14.21 $14.12Avg. Hours Worked 39.4 38.1 39.3
Consumer Price Index (CPI) % Change Mar ‘03 Month Year
US 184.2 0.6% 3.0%
Local Office Statistics Mar ‘03 Mar ‘02Total Benefits Paid $28,295,120 $24,287,744Average Benefit Amount $225.42 $229.92App. Regist. for Work (YTD) 225,166 211,156Number of Individuals Placed(YTD) 29,876 39,667
Employers # of Employer Total(2nd Qtr 2002) Units EmploymentStatewide 90,510 1,456,541OKC MSA 28,813 526,385Tulsa MSA 21,576 391,308
Lynn Gray, OESC Managing Economist
Economic Indicators
0.0% to 2.9%
3.0% to 5.9%
6.0 % and over
8
Distribution of Unemployment Rates Preliminary Data for March 2003
Labor Market Information
8
Oklahoma Labor Market Information Economic Research and Analysis Division Oklahoma Employment Security Commission PO Box 52003 Oklahoma City, OK 73152-2003
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The employment and unemployment data in this publicationwere produced in cooperation with the Bureau of Labor Statisticsand U.S. Department of Labor. The material contained in thispublication is in the public domain and may be reproducedwithout special permission.
Oklahoma Labor Market Information is published monthly bythe Economic Research and Analysis Division of the OklahomaEmployment Security Commission. Twenty-three hundred(2300) copies have been published at a cost of $2,282.00 paidfrom funds granted by the U.S. Department of Labor. Copieshave been deposited with the Publications Clearinghouse of theOklahoma Department of Libraries.
Visit our web site at www.oesc.state.ok.usEqual Opportunity Employer/ProgramsJon Brock, Executive Director, OESC
Auther Jordan, Director,Economic Research and Analysis
Phone: (405) 557-5401Fax: (405) 525-0139
E-mail: [email protected]
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Exchange Rates and Labor Markets
Interest rates are very low; we all know that. Wealso know that the Federal Reserve orchestrated this timeof “cheap” money in an effort to strengthen the economy.The general idea is that with low interest rates, consumerswill refinance home mortgages and buy durable goodsthat they might have otherwise delayed purchasing, whilebusinesses will expand investments in new machinery,equipment, etc. While the concept of low interest ratesdriving both consumption and investment up is certainlya prime component of a strategy to grow a strugglingeconomy, it is not the only one.
Perhaps the most visible economic story of latehas been the decline in value of the US dollar versus othermajor currencies. While currency exchange markets arecomplex, one of the main items which sets a nation’sexchange rates with other currencies is the rate of interest(less inflation) of one nation compared to another. Wheninterest rates are high (low), international investors aremore (less) likely to invest in assets denominated by thatcurrency, thus causing the value of the currency inquestion to increase (decrease). This means that ourcurrent low interest rates are contributing to the US dollarlosing value compared to other currencies. But how doesthis decline in dollar value impact the economic recoverywe are hoping for, and what effect might it have on ourlabor markets specifically?
In simple terms, when the dollar losses valueagainst a foreign currency, US products sold in thatcounty fall in price. So now that the dollar is weaker versusthe Euro, French and German customers should beginnoticing that American-made goods are gradually becomingless expensive. All things being equal, this should increaseforeign consumption of goods made in the US. On ourside of the Atlantic, we should begin noticing that goodsmade in nations whose currency is doing better againstthe dollar are more expensive than they used to be. As aresult, American consumers should begin to replace theirtypical purchases of foreign-made goods with ones madein America. Therefore, our domestic producers shouldbegin to see their market share grow both at home andabroad.
These sales increases of US goods should at some pointlead manufacturers (we place emphasis on the manufacturingindustry because of its prominence in international trade) toincrease the number of hours worked by existing employees. Ifthat fails to satisfy the increase in demand, the next step wouldbe to actually increase manufacturing employment. Of course,the industry wage rates are also typically positively affected bythese developments as well.
To be continued in the April newsletter.