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State slowdown forecast


By Staff Reports
12/5/2007  11:05 AM

Oklahoma's job growth remains strong, but is slowing along with the United States, according to a state economist.

On Wednesday, many business leaders gathered at the Tulsa Metro Chamber's annual Economic Outlook conference to hear forecasts for various sectors.

Mark Snead, the director and research economist with the Center for Applied Economic Research at Oklahoma State University, noted that state fundamentals remain strong with energy giving a boost to jobs, income and tax revenue.

Although the Tulsa metro area's job growth has slowed from its peak in 2006, the metro area is still expected to add employment -- albeit at a slower pace -- this year. Job growth of 1.6 percent is forecast for a total nonfarm employment of 430,930 this year.

Next year, a 1.5 percent gain in jobs is forecast for the metro area, before accelerating to 1.7 percent in 2009.

Likewise, the state should see 1.5 percent job growth this year before slowing to 1.3 percent next year, Snead said. The numbers are seasonally adjusted.

By Staff Reports
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(3) readers have commented on this story so far. Tell us what you think below!
1. 12/5/2007 12:23:02 PM, Chuck, Tulsa
Just one more smoke screen. Where are the jobs Kathy Taylor promised?

2. 12/5/2007 1:28:26 PM, Chris, Tulsa
Her husband sent them to another country to save money at their rental car company.

3. 12/5/2007 5:44:52 PM, Fed Up, Tulsa
Chris and Chuck - you misunderstood. The jobs she promised were for her FRIENDS!

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