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Pic-of-the-Week: Why Oil & Gas Matters So Much in Oklahoma (05/12/2014)

OK Oil and Gas Earnings Share Near Oil-Boom High in Early 1980s – The economic role played by the oil and gas industry in Oklahoma has returned to near levels last seen in the Oil-Boom days more than three decades ago. Remarkably, earnings across the mining industry now total $15.8 billion, or 13.7% of all earnings statewide. And as the graphic shows, the tiny utilities sector is the only major industry sector within shouting distance of mining based on average earnings per worker.

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Pic-of-the-Week: Slowing Population Growth Becoming a Concern for Long-Run U.S. Growth (5/05/2014)

U.S. Population Growth Cut in Half the Past Twenty Years – Europe and Japan have long wrestled with the concerns of flagging population growth. Total headcount remains a key determinant of the overall size of any economy.

In the U.S., population growth has slowed by half since the early 1990s, from roughly 1.4% to only 0.7% currently.

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Pic-of-the-Week: Which Industries are Driving U.S. GDP Growth? (4/28/2014)

Broad-Based Growth – The recent release of quarterly Gross Domestic Product estimates by industry provide some helpful insight into the industry-level growth patterns driving U.S. economic activity. This week’s chart illustrates real GDP growth rates for the U.S. by industry in 2013.

So, which industries are driving growth? Currently, with the exception of government,

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Pic-of-the-Week: Oklahoma Oil and Gas Hiring (4/14/2014)

Clear Downshift in Oklahoma Oil and Gas Hiring, But Growth Continues at a Moderate Pace

Oklahoma Oil and Gas Hiring
A clear downshift in hiring in the oil and gas sector since early 2012 is weighing on the state’s core job growth rate.  Oil and gas hiring prior to the recession was extremely rapid at an 8-12% annual pace and was the key factor behind strong state job gains in the period. The recession then wiped out several years of gains, but growth quickly returned to a surprisingly robust 10-15% annual rate in 2010.
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