A release from November 2018 indicates that unemployment is down for every county across Oklahoma.
According to a report from the Oklahoma Employment Security Commission (OESC), Latimer County had the highest unemployment rate at 5.6 percent, while Cimarron County had the lowest unemployment rate at 1.3 percent. Stephens County ranked right in the middle with an unemployment rate around 3.4 percent for November 2018.
The entire state saw a 3.3 percent unemployment rate, coming in below the national unemployment rate of 3.7 percent, according to OESC.
Chris Deal, Chamber of Commerce President and CEO, said unemployment rates in the state continue their improvement across the board.
“Unemployment rates were lower than a year earlier in 77 of 77 counties,” he said. “The state unemployment rate is 3.3 percent, down 0.1 percent from October, with 60,360 unemployed and the National Unemployment rose slightly 0.2 percent at 3.9 percent with 6.3 million unemployed. However, the U.S. economy added 312,000 jobs in December, well above expectations, as the labor market continues expansion. Another interesting anomaly is that even though the unemployment rate ticked up to 3.9 percent from 3.7 percent, the labor force expanded by 419,000, the Labor Department reported on Friday. Expert economists had expected about 182,000 jobs to be added in December. On another note, the labor force participation rate rose to 63.1 percent in December, the highest it has been since early 2014, from 62.9 percent in November.”
The rolling 12 month average for unemployment shows Stephens County with a rate of 4.5 percent, just slightly higher than Comanche County’s 4.1 percent and Jefferson County’s 4.0 percent.
Year to year, the unemployment rate in Stephens County had decreased by 1.7 percent from November 2017 to November 2018.