Economic growth projected to continue, report finds

Published: Tuesday, February 19, 2019 By: Chamber Staff Source: VeloCity

According to the Greater Oklahoma City Chamber’s 2019 Economic Forecast, the Oklahoma City metro economy is expected to continue its growth after a healthy year in 2018. Positive Oklahoma City metro job growth in 2019 is expected to increase by 2.1 percent or 13,600 jobs. However, a modest slowdown in activity could be forthcoming and the state and local economies are vulnerable to national uncertainties. If national conditions weaken in the second half of 2019, this could result in a noticeable drag on local and state forecasted growth.

Strong economic conditions at both the national and state levels helped to bring about a second consecutive year of positive job growth in the metro in 2018. Overall nonfarm annual job growth was 2.5 percent or 15,900 jobs in the Oklahoma City MSA. The largest percentage year-over-year job gains were found in the Oil & Gas (+12.7 percent), Administrative Support (+8.6 percent), Leisure Services (+5.0 percent), Wholesale Trade (+4.2 percent), Manufacturing (+3.3 percent) and Professional & Business Services (+2.8 percent) sectors.

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