The Duncan Banner

Local News

March 8, 2013

Duncan’s future looks bright amidst economic woes

DUNCAN —  

Dr. Mark Snead, an Oklahoma economist, had an almost completely positive message for Duncan leaders at the Duncan Area Economic Development Foundation’s Annual Appreciation Banquet.
Snead’s presentation focused on the effects of the recession, which began in 2008, the current conditions of the economy in Stephens County and what the future holds for the area.
“You got hit hard,” Snead said. “The cycle here was really deep. Part of that was because the goods-producing sector really took it on the chin. Construction was hit really hard. Government layoffs were much greater in Stephens County than the rest of the state. Manufacturing and energy contracted somewhat national like somewhat state like. The fifth difference is the rural regions of the state have been grossly underperforming compared to metro areas since the economy slowed in 2008.”
During the recession, the goods and government sectors took a major hit in Stephens County while the services sector did not respond to the recession negatively or positive.
“In essence, it is following a long-term, slow-growth cycle,” Snead said. 
The goods sector, over the past year, has bounced back to what it was before the days of the recession. However, hiring in the government sectors in Stephens County continues to be affected. 
Overall, the unemployment rate within the county continues to show a positive trend. While it did fluctuate at times within the recession, it is currently holding steady at four percent, which was the rate before the recession.
“What happened here that didn’t happen nationally was this rapid return in hiring, this fast bounce back,” Snead said.
Additionally, the participation rate in the job market in Stephens County is creeping up to 50 percent, a positive indicator for Duncan’s economy.
“Duncan, just 10 or 12 years ago, was among the lowest in a low-participation state,” Snead said. “In just the past decade, 10 or 12 years, you have gone from a low-participation rate in a low-participation state to among the highest in the state.” In fact there are just a few small counties with just a few 1,000 jobs ahead of you. You are more approaching what is traditionally considered a high participation rate. Fifty percent is that level where the higher participation rate tends to pay off with a higher standard of living.”

Text Only
Local News
  • 4-24 Velma Team Roping Kids.jpg Velma teens win roping competition

    Two Velma teenagers have claimed victory again this year in a statewide roping competition.

    April 24, 2014 1 Photo

  • 4-24 DonRidley.jpg Marlow residents reflect on council member Ridley

    A void remains on the Marlow City Council following the death of Councilman Don Ridley.

    April 24, 2014 1 Photo

  • Velma storm siren problem fixed

    A glitch with the storm sirens in Velma has been fixed, but just to be sure a weekly test run of the tornado warning system will sound off at noon Friday, Mayor Shawn Enloe said.

    April 24, 2014

  • Marlow Chamber sets banquet for Monday

    The Marlow Chamber of Commerce will focus on the town’s local businesses when it host its annual banquet Monday at First Baptist Church in Marlow.

    April 24, 2014

  • Council votes for cheaper, quicker water fix

    The Duncan City Council on Tuesday voted unanimously to go with a $650,000 fix to its water infrastructure needs.
    The council approved a $43,000 contract with Crafton, Tull, Sparks and Associates to build a 1,000-foot long pipeline that will be capable of putting about 3 million gallons of water per day into Lake Humphreys.

    April 23, 2014

  • 4-23 DHS Band 0042.jpg DHS band wins fifth straight Sweepstakes

    The Duncan High School band received a rare distinction, winning Sweepstakes for the fifth consecutive year.
    Senior Cody Plumley is excited the band won Sweepstakes for its fifth year in a row, making the DHS Band one of the few school bands to do so.

    April 23, 2014 1 Photo

  • Do the crime, you’ll face a bigger fine

    It just got considerably more expensive to be cruel to animals, ride a bike at night without a light, drive over a fire hose and noodle in a city lake.
    The Duncan City Council on Tuesday voted unanimously to increase the amount of municipal fines and bonds associated with dozens of misdemeanor offenses.

    April 23, 2014

  • Sheriffs: State backing out on prisoner promises

    State efforts to save time and money by shuffling prisoners more swiftly through the system are riling local sheriffs who are losing money because of the efficiency program.
    A change in Department of Corrections practice is landing a “significant hit” on two-thirds of Oklahoma counties, which depend on reimbursements to house state inmates locally, said Ken McNair, executive vice president of the Oklahoma Sheriffs’ Association.

    April 23, 2014

  • McKinney: DOC move will benefit Stephens County jail

    Oklahoma Department of Corrections efforts to move county inmates to DOC prisons has helped the Stephens County Jail dip below capacity.
    But Sheriff Wayne McKinney wonders why it took so long to happen when the county jail was overcrowded for several years.

    April 23, 2014

  • Officer urges volunteers to sign up for mentoring program

    A new in-school mentoring program trying to recruit volunteers got a boost on Tuesday night when Duncan Police Officer Julio Alvarez stepped onto a stage to tell a crowd of 50 spectators that a mentor helped him overcome the trauma of childhood victimization.
    “Go out and spread the word,” Alvarez said, urging people to sign up as mentors through a program that is being developed by The Well Outreach, Inc.

    April 23, 2014

Poll

Who do you favor for the U.S. Senate seat that Tom Coburn is giving up?

State Rep. T.W. Shannon, R-Lawton
U.S. Rep. James Lankford, R-Edmond
State Sen. Connie Johnson, D-Oklahoma City
Former State Sen. Randy Brogdon, R-Owasso
     View Results
AP Video