State Unemployment Rate Unchanged Over Month

Oklahoma’s non-seasonally adjusted unemployment rate held steady over the month and year in February, matching the 4.4 percent reported in both January 2007 and February 2006. Although the state unemployment rate didn’t rise, February’s lack of movement is somewhat of a disappointment due to the fact that rates have dropped slightly for the January-to- February period since 2002.
Overall, For the month, Oklahoma’s non-seasonally adjusted labor force, employment and unemployment all reported small increases, but it wasn’t enough to affect the state’s overall unemployment rate.
Oklahoma’s total nonfarm employment continued to expand in February 2007, gaining 11,200 jobs (+0.7 percent) for the month and 20,300 jobs (+1.3 percent) for the year. Over-the-month losses were limited to the Trade, Transportation & Utilities and Information industries.
The Goods Producing Industries performed well over the month and reported strong over-the-year growth in February. For the Service Providing Industries, Trade, Transportation & Utilities accounted for most of the monthly job losses. Government and Professional & Business Services provided more than 80 percent of the jobs gained for the month in the Service Providing Industries.



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