Tulsa Job Market Sees Jobless Rate Fall

Tulsa Job Market Sees Jobless Rate Fall

 

The Tulsa job market saw the unemployment rate in the region fall by a significant margin to reach 6.4 percent in the month of November. That is down from a revised 6.7 percent for the previous month. This information indicates that the job market seems to be improving as workers are finding jobs. There may still be a long way to go, but for the Tulsa area, this news seems ideal.

According to the US Bureau of Labor Statistics as well as the Oklahoma Employment Security Commission this report, issued on Wednesday is a positive sign for the area. In November of 2010, the unemployment rate in the region stood at 7.5 percent. The organizations conducted smaller reviews of the situation and found that the labor force and total employment for the region, which does include self employed individuals and farm jobs saw a rise in the market. The number of people claiming to be unemployed dropped substantially.

According to Lynn Gray who is the Oklahoma Employment Security Commission's chief economists, "The increase was not just a seasonal occurrence as it was the largest increase in employment that Tulsa has seen in a November since 1997." That is positive news for the area.

The organization also took surveys from local businesses who reported adding 300 jobs to the payrolls for the month. According to Gray, the area is "showing clear trends of employment gain." That's a good thing for an area that should be growing in its economy. For those who are still looking for a job, does this help improve your outlook going forward?