The December 2023 jobs report for Oklahoma City paints a picture of moderate job growth, reflecting broader trends observed across the state. While hiring slowed compared to previous months, key industries continued to expand, offering opportunities for qualified job seekers. Staying attuned to future economic developments remains crucial.
Highlights:
- Unemployment holds steady: At 3.0%, the unemployment rate suggests a competitive job market for qualified applicants.
- Job growth slows slightly: With 1,700 net new positions added, nonfarm jobs reached 696,900, mirroring a deceleration in hiring momentum statewide.
- Education & Health Services leads the way: This sector added 800 jobs, potentially indicating expansion in healthcare, education, and social services. Registered nurses, teachers, healthcare professionals, and social workers could find opportunities.
Industry and Occupation Insights:
- Growth: Education & Health Services (+800), Professional & Business Services (+400), Trade, Transportation & Utilities (+200).
- No significant declines: While some seasonal positions might have ended, no industries reported large-scale job losses.
Historical Comparisons:
- Improvement over December 2022: Lower unemployment rate (3.0% vs. 3.2%) signifies a slight improvement in the labor market.
- Slower pace than December 2022: Lower job growth (1,700 jobs vs. 2,600 jobs) compared to the previous year, highlighting a deceleration in hiring.
Future Outlook:
Experts advise cautious optimism. The stable unemployment rate and growth in key sectors suggest potential resilience. However, mirroring statewide trends, monitoring national economic fluctuations and their impact on specific industries, like energy and manufacturing, remains crucial. Adaptability and upskilling will be key in navigating potential shifts.
10 Growing Occupations in Oklahoma City, OK:
- Registered Nurses
- Software Developers
- Sales Representatives
- Marketing Specialists
- Accountants and Auditors
- Customer Service Representatives
- Physicians
- Teachers
- Construction Laborers
- Truck Drivers
10 Companies Hiring Now in Oklahoma City, OK:
- Tinker Air Force Base
- Integris Health
- Mercy Hospital Oklahoma City
- Love’s Travel Stops
- Chesapeake Energy
- Walmart
- Cox Communications
- Sonic Corporation
- Dollar General Corporation
- Amazon
Sources:
- Bureau of Labor Statistics – Oklahoma City, OK MSA
- Oklahoma Employment Security Commission – December 2023 Metro Area and County Employment and Unemployment Report
- Indeed Hiring in Oklahoma City, OK
- Glassdoor Jobs in Oklahoma City, OK