Unemployment rates have bumped up slightly for most of Oklahoma.
Numbers released by the Duncan Chamber of Commerce indicate jobless rates increased year over year in November 2019, putting Stephens County up to 5% from 4.9% in October and 3.3% at the same time last year.
On a state level, the same trend shows as the unemployment rate for November bumped up from 3.3% to 3.4%. That’s with 1,788,591 people employed and 62,613 people unemployed, according to reports. National unemployment, however, moved down from 3.6% to 3.5 percent with 158,593,000 people employed and 5,811,000 people unemployed.
“The state’s seasonally adjusted unemployment rate was up 0.3 percentage point compared to November 2018 with unemployed at 3.1%,” states information released from the Duncan Chamber. “Unemployment rates demonstrate the continued effects of an oscillating oil and gas economic market where November rates have now shifted to where they’re higher than a year earlier in 75 counties (last month 57 — including Stephens), were lower in one county and unchanged in one (county).”
The highest unemployment rate in Oklahoma came from Latimer County, which totaled 7.7%, an increase from 7.3% reported the month prior. The second highest unemployment rate came in at 6.4% from Haskell and McIntosh Counties. Meanwhile, the lowest number posted came from Cimarron County, which had an unemployment rate of 1.8%.
Chamber reports also show Stephens County’s LLM came in at 5% up from last month’s 4.9% adjusted rate. Duncan’s LLM, which includes Stephens and Jefferson Counties, came in at 4.8%.