FOR IMMEDIATE RELEASE |
Date: March, 20, 2003 |
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STATEWIDE
PRELIMINARY January 2003 This
report is produced by the Economic Research and Analysis division of the
Oklahoma Employment Security Commission as a free service to the Oklahoma
community. All of the information contained within is available free of
charge at the OESC website (www.oesc.state.ok.us) and through
publications developed by the Economic Research and Analysis division. Please
be aware that unless otherwise noted, all statistics contained within are
preliminary statistics and have not been adjusted for seasonal factors.
All data is collected under strict guidelines provided by the United
States Bureau of Labor Statistics. The
mission of the OESC Economic Research and Analysis division is to develop,
refine and manage a comprehensive system of state and local labor market
information. Any individual and/or organization needing to track the
economic health of the State of Oklahoma and its local areas may access
this information. This customer base includes, but is not limited to, job
seekers, employers, economic development entities, students, occupational
and educational planners, labor organizations and all levels of
government. Labor market information can be used for economic, education,
labor force and fiscal planning, as well as serving as a valuable tool for
marketing, research and individual career planning. IMPORTANT: CHANGES
IN LABOR MARKET INFORMATION DATA After
many decades of use, the Bureau of Labor Statistics is replacing the
outdated Standard Industrial Classification (SIC) system with the new
North American Industry Classification System (NAICS). This is the first
data release that incorporates the new NAICS system. The
reason for this change is timeliness. SIC, which was developed in the
1930’s when Manufacturing dominated the industrial landscape, is very
out-of-date. Although there have been numerous revisions over the years,
SIC can no longer adequately serve the needs of our agency or our
customers. Unlike
previous SIC revisions, the NAICS changes are fundamental. The new system
will provide for better measurement and understanding of hundreds of new
businesses in our economy, largely in the fast-growing Services sector.
According to the Bureau of Labor Statistics, NAICS will double the number
of top-level groupings of industrial classification, more accurately
representing the industrial world we live in. The highest level of NAICS
classification is called the “sector” and corresponds roughly to the
“division” in SIC. There are 20 broad sectors in NAICS, compared to
only 10 divisions in SIC. Of course, we all know that change is often both uncomfortable and inconvenient. However, the long run benefits of these changes will be substantial as they create a system that presents LMI in a more useful and accurate way. |
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For
more information on NAICS, please visit the Bureau of Labor Statistics
website at http://www.bls.gov/ces/ceswhatis.htm
or http://www.bls.gov/sae/saenaics.htm.
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SEASONAL
DECLINES LEAD TO LOSSES AS 2003 BEGINS STATE
OF OKLAHOMA
TOTAL NONFARM EMPLOYMENT for Oklahoma dropped to 1,455,200 jobs in January 2003, declining by 34,400 jobs (-2.3 percent) since December. Both the Goods Producing and Service Providing industries experienced declines over the month due to seasonal job losses. The Service Providing industries led the way with a 31,200 job (-2.5 percent) skid. Between January 2002 and January 2003, Oklahoma’s employment decreased by 13,300 jobs (-0.9 percent). Other highlights include:
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Click here to view the Oklahoma NonAg. Wage and Salary Employment Information |
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OKLAHOMA CITY |
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OKLAHOMA
CITY METROPOLITAN STATISTICAL AREA
TOTAL NONFARM EMPLOYMENT for the Oklahoma City MSA came in at 537,100 jobs for January 2003, 12,600 jobs (-2.3 percent) lower than December 2002. Despite this loss, employment has expanded by 6,300 jobs (+1.2 percent) when compared to January 2002. Other highlights include:
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Click here to view the Oklahoma City NonAg. Wage and Salary Employment Information |
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TULSA |
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EMPLOYMENT
IN SERVICES DECREASES IN TULSA MSA TULSA METROPOLITAN STATISTICAL AREA TOTAL NONFARM EMPLOYMENT in the Tulsa Metropolitan Statistical Area dropped to 380,400 jobs in January 2003, losing 11,800 jobs (-3.0 percent) over the month and 18,600 jobs (-4.7 percent) over the year. Employment deficits were seen mainly in the Services Providing industries. Other highlights include:
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Click here to view the Tulsa NonAg. Wage and Salary Employment Information |
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LAWTON |
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SMALL
LOSSES ACROSS THE BOARD LEAD LAWTON TO 1,000 JOB DECLINE FOR MONTH LAWTON METROPOLITAN STATISTICAL AREA TOTAL NONFARM EMPLOYMENT in the Lawton MSA for January 2003 was 37,900 jobs, a reduction of 1,000 jobs (-2.6 percent) over the month. Over the year, TOTAL NONFARM EMPLOYMENT has increased by 500 workers. Other highlights include:
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Click here to view the Lawton NonAg. Wage and Salary Employment Information |
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ENID |
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SEASONAL
LOSSES IN RETAIL TRADE, STATE GOVERNMENT PROVIDE OVER HALF OF ENID’S
JANUARY JOB LOSSES ENID METROPOLITAN
STATISTICAL AREA TOTAL NONFARM EMPLOYMENT for the Enid MSA declined by 700 jobs (-2.9 percent) over the month. A similar decline of 200 jobs (-0.9 percent) was seen over the year. Other highlights include:
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Click here to view the Enid NonAg. Wage and Salary Employment Information | ||||||||||||||
OKLAHOMA LABOR FORCE |
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STATE
LABOR FORCE AND EMPLOYMENT DOWN TO START 2003 LABOR
FORCE STATISTICS
Oklahoma’s
Non-seasonally Adjusted Labor Force
decreased by 9,300 workers* (-0.6 percent) to 1,681,200 for the first
month of 2003. The labor force was at the lowest level since March 2002.
However, the number rose by more than 14,000 (+0.8 percent) when compared
to January 2002. Oklahoma’s
Non-seasonally Adjusted Total
Employment lost 21,800 jobs in January 2003, falling to 1,590,300
workers. It is common to see this size of loss in the December-January
reading according to Oklahoma’s historical data**. Total employment is
close to its January 2002 level after showing a slight increase of 4,200
jobs (+0.3 percent) for the twelve-month period ending in January.
* Oklahoma historical data back to January 1978. **
Unreleased December 2002 Benchmarked data were used for the comparison
purpose.
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Click here to View the January 2003 Preliminary Labor Force Statistics | ||||||||||||||
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