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 |
 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. |
