OKLAHOMA REGIONAL ECONOMIC YEARBOOK Edition. Release Date: February 8, 2016, 426 pages

Transcription

1 OKLAHOMA REGIONAL ECONOMIC YEARBOOK 216 Edition Release Date: February 8, 216, 426 pages The Oklahoma Regional Economic Yearbook provides both historical and forecast information for the State of Oklahoma, the state s metropolitan areas, all 77 counties, and 15 specially-defined regions of the state. (8) info@regiontrack.com

2 The 216 Oklahoma Regional Economic Yearbook is published by RegionTrack, Inc. ( 216 RegionTrack, Inc.). The information and opinions expressed within are for general informational use only and are subject to our general terms of use available online at This document and any other accompanying materials are provided for the use of the purchaser only. Any form of redistribution, reformatting, re-tabulation, or copying of this document or any accompanying materials is expressly prohibited without the written permission of RegionTrack. All questions about the Databook, including inquiries concerning reuse or redistribution of the data, should be directed to RegionTrack by at info@regiontrack.com or by phone at (8)

3 Table of Contents Page Introduction About RegionTrack Intro 1 About the Economic Yearbook Intro 2 Data Coverage Intro 3 Special Region Definitions Intro 6 Data Sources Intro 8 Data Symbols and Abbreviations Intro 9 Modeling Methodology - Forecasts and Estimates Intro 1 State of Oklahoma State Tables (15 tables) Metropolitan Areas Oklahoma City, OK MSA Tables Tulsa, OK MSA Tables (5 tables per metro) State OK-1 Metro OKC-1 Metro Tulsa-1 Counties County counties by county FIPS code to (4 tables per county) County Special Regions Region FARM-1 14 specially-defined regions of the state to (4 tables per region) Region TOUT-1 Rankings Metro Areas, Counties, and Regions Wage & Salary Employment Rankings 1-1 Wage & Salary Employment Growth Rankings 2-1 Retail Sales Rankings 3-1 Retail Sales Growth Rankings 4-1 Unemployment Rate Rankings 5-1 Population Rankings 6-1 Population Growth Rankings 7-1

4 About RegionTrack RegionTrack, Inc. is an Oklahoma City-based economic research firm specializing in regional economic forecasting and analysis. Our mission is to assist public and private sector clients better understand current and expected future economic conditions and outcomes in their regional areas. Our research approach is non-partisan and evidence-based and is based on the careful application of modern quantitative modeling tools and techniques. RegionTrack economists offer research backgrounds that bridge the university, private, and Federal Reserve research sectors. We engage in a range of research efforts including custom economic modeling, industry studies, data collection and estimation, and economic impact assessments. Our economic modeling and forecasting efforts extend across the state, metropolitan area, and city/county levels. We have extensive experience in modeling the economies of the energy-producing regions of the U.S. as well as considerable local knowledge of the economies of Oklahoma, Texas, New Mexico, Colorado, Missouri, Wyoming, Kansas, Nebraska, and Arkansas. Intro 1

5 About the Economic Yearbook The Oklahoma Regional Economic Yearbook provides a detailed overview of historical, current, and expected future economic conditions across the state of Oklahoma. Regional coverage includes the state, metropolitan areas, all 77 counties, and 15 specially-defined regions of the state. The Yearbook places comprehensive coverage of the state and each sub-region s economy right at your fingertips. County-level comparisons are also available in prepared ranking tables based on 7 major economic indicators. Forecasts for 216 are derived from RegionTrack s econometric forecasting model of the Oklahoma economy (see Modeling Methodology - Forecasts and Estimates). It is the only multi-region, multiindustry econometric model of its type in use in Oklahoma. The model has undergone constant development and refinement the past 15 years and is actively used to provide ongoing forecasting information for RegionTrack s private and public sector clients. Intro 2

6 Data Coverage State of Oklahoma Data tables provide 1 years of historical and forecast data from 27 to 216. Model-based forecasts for 216 are provided for most data items. Some state tables provide quarterly outlook information for 215 and 216. Where full-year 215 historical data is not available, modelbased estimates are provided using the latest data available through date of publication. The Yearbook contains 15 state data tables: 1) annual state summary, 2) Quarterly State Summary, 3) wage and salary employment by industry (CES Survey), 4) wage and salary employment by industry (QCEW survey), 5) Wage & Salary Employment by Industry, 6) Proprietor Employment by Industry, 7) Earnings by Industry: Wage & Salary Income + Proprietor Income, 8) Employee Compensation by Industry, 9) Wage & Salary Income by Industry, 1) Proprietor Income by Industry, 11) Earnings per Worker by Industry, 12) Wage & Salary Income per Worker by Industry, 13) Proprietor Income per Proprietor by Industry, 14) Gross Domestic Product by Industry, and 15) Gross Domestic Product per Worker by Industry. State Economic Summary (annual and quarterly) the summary provides 34 economic indicators describing state economic activity across six major categories employment, labor force, income, retail, output, and housing. Data is annual in the period and quarterly for 215 and 216. Both the level of each indicator and annual (or quarterly) percentage changes are included. Historical charts illustrate many of the indicators on a quarterly basis from 199 through the 216 forecast. The 34 historical and forecast data items in the annual and quarterly State Economic Summary include: (by category) Employment - wage and salary employment from both the CES and QCEW surveys; total employment, wage & salary employment, and proprietor employment from BEA; military employment; and farm employment. Labor Force unemployment rate, labor force, workers employed, and workers unemployed from the LAUS survey; population; labor force participation rate; and the employment-population ratio. Income personal income, real personal income, per capita personal income, and real per capita personal income; share of U.S. per capita personal income; earnings, compensation, wage and salary income; proprietor s income; and wage and salary income per worker. Retail total retail sales and retail sales per capita. Output gross domestic product, real gross domestic product, and gross domestic product per worker; number of business establishments. Housing FHFA Housing Price (all transactions), FHFA Housing Price (purchase only transactions), total building permits, and total housing units. State Wage and Salary Employment wage and salary employment is provided for 32 industry sectors at approximately the 2-digit NAICS level. Wage and salary employment data is based on the SA27N series produced by the Bureau of Economic Analysis (BEA). Data is annual in the period. Both the level of each indicator and annual (or quarterly) percentage changes are included. Historical charts illustrate many of the indicators on a quarterly basis from Intro 3

7 199 through the 216 forecast. Wage and salary employment measures the average annual number of full-time and part-time jobs in each area by place of work. All jobs for which wages and salaries are paid are counted. BEA s measure of wage and salary employment is broad in the sense that it includes workers in industries covered by unemployment insurance (UI) programs, as well as employment in industries not covered by UI. Historical charts illustrate many of the indicators on a quarterly basis from 199 through the 216 forecast. State Total Employment total employment includes both wage and salary workers and selfemployed proprietors. Total employment data is annual in the period and is based on the SA25N series produced by BEA. Both the level of each indicator and annual (or quarterly) percentage changes are included. Proprietors consist of both farm proprietors and nonfarm proprietors. Nonfarm proprietors include nonfarm sole proprietorships and individual general partners in nonfarm partnerships. Farm proprietors include sole proprietors and non-corporate partners in the farm industry. Data is provided for 32 industry sectors at approximately the 2- digit NAICS level. Employment data is based on the SA27N series produced by the Bureau of Economic Analysis. Historical charts illustrate many of the indicators on a quarterly basis from 199 through the 216 forecast. State Total Earnings total earnings include wage and salary income, supplements to wages and salaries, and proprietors income and provide a comprehensive measure of productionbased income received by the household sector. Earnings is based on the SA5N series produced by BEA. Data is annual in the period. Both the level of each indicator and annual (or quarterly) percentage changes are included. Proprietors' income (which includes inventory valuation and capital consumption adjustments) is the current-production income (including income in kind) of sole proprietorships, partnerships, and tax-exempt cooperatives. Historical charts illustrate many of the indicators on a quarterly basis from 199 through the 216 forecast. Metropolitan Areas Five detailed data tables are provided for the Oklahoma City MSA and Tulsa MSA in the period. Data for the Lawton MSA is covered in detail in the county data for Comanche County. Economic Summary Annual and Quarterly The Economic Summary provides 1 years of historical and forecast data for 31 major economic indicators. Wage & Salary Employment by Industry (CES Survey) The table provides data from the Current Employment Survey, also known as the Establishment Survey of hiring. It provides the most recently available employment data for metropolitan areas but is benchmarked over time to reflect the QCEW data. The table provides 1 years of data for 27 industry sectors which generally follow 2-digit NAICS definitions. Wage & Salary Employment by Industry (QCEW Survey) Relative to the CES Survey, the Quarterly Census of Employment and Wages is reported with a lag but provides the most reliable source of employment data for those industries Intro 4

8 covered by the survey. The table provides 1 years of employment data for 31 industry sectors which generally follow 2-digit NAICS definitions. Wage & Salary Earnings by Industry (QCEW Survey) The table provides 1 years of income data from the QCEW survey for 31 industry sectors which generally follow 2-digit NAICS definitions. Counties and Special Regions Four detailed data tables are provided for each of the state s 77 counties and 15 specially defined regions (see Special Region Definitions): Economic Summary Annual and Quarterly The Economic Summary provides 1 years of historical and forecast data for 28 major economic indicators. Wage & Salary Employment by Industry (QCEW Survey) Relative to the CES Survey, the Quarterly Census of Employment and Wages is reported with a lag but provides the most reliable source of employment data for those industries covered by the survey. The table provides 1 years of employment data for 31 industry sectors which generally follow 2-digit NAICS definitions. Wage & Salary Earnings by Industry (QCEW Survey) The table provides 1 years of income data from the QCEW survey for 31 industry sectors which generally follow 2-digit NAICS definitions. Intro 5

9 Special Region Definitions Regional economic reports are tabulated for 15 specially-defined regions of the state. Datasets for each region are derived by aggregating across the individual counties comprising the region. Definitions for each of the specially-defined regions along with the component counties comprising the region are as follows: 1) Agricultural (FARM: 21 counties) farm proprietors comprise a 15%+ share of total employment Counties: Alfalfa, Atoka, Beaver, Cimarron, Coal, Cotton, Dewey, Ellis, Grant, Greer, Harmon, Harper, Hughes, Jefferson, Lincoln, Major, Nowata, Okfuskee, Pushmataha, Roger Mills, and Washita 2) Energy (EN: 46 counties) counties where earnings from the Mining sector comprise at least a 4%+ share of total county earnings Counties: Alfalfa, Beaver, Beckham, Blaine, Canadian, Carter, Coal, Creek, Custer, Dewey, Ellis, Garfield, Garvin, Grady, Grant, Harper, Haskell, Hughes, Johnston, Kay, Kingfisher, Kiowa, Latimer, Le Flore, Lincoln, Logan, McClain, Major, Marshall, Murray, Okfuskee, Oklahoma, Osage, Payne, Pittsburg, Pontotoc, Pottawatomie, Roger Mills, Seminole, Stephens, Texas, Tulsa, Washington, Washita, Woods, and Woodward 3) Energy & Manufacturing (ENMFG: 19 counties) counties classified as both an energy and a manufacturing county Counties: Blaine, Canadian, Carter, Creek, Garfield, Garvin, Grady, Johnston, Kay, Kingfisher, Kiowa, Le Flore, Marshall, Pittsburg, Pottawatomie, Seminole, Stephens, Texas, and Tulsa 4) Metropolitan Area (MET: 17 counties) defined as a Metropolitan Statistical Area (MSA) by the Census Bureau. Data for the Lawton MSA is covered under the Comanche County listing. The majority of the Ft. Smith, AR MSA is located within Arkansas and excluded from the report along with the constituent counties located within Arkansas. Ft. Smith counties within Oklahoma are included in the county section of the Yearbook. Counties by MSA: Oklahoma City, OK MSA - Canadian, Cleveland, Grady, Lincoln, Logan, McClain, and Oklahoma; Tulsa, OK MSA - Creek, Okmulgee, Osage, Pawnee, Rogers, Tulsa, and Wagoner; Lawton, OK MSA - Comanche; Ft. Smith, AR MSA - LeFlore and Sequoyah. 5) Manufacturing (MFG: 3 counties) manufacturing employment comprises a 7%+ share of total employment Counties: Adair, Blaine, Canadian, Carter, Creek, Garfield, Garvin, Grady, Johnston, Kay, Kingfisher, Kiowa, LeFlore, McCurtain, Marshall, Mayes, Muskogee, Noble, Nowata, Okmulgee, Ottawa, Pittsburg, Pottawatomie, Rogers, Seminole, Stephens, Texas, Tillman, Tulsa, and Wagoner 6) Micropolitan Areas (MICRO: 17 counties) areas defined as a Micropolitan Area by the Census Bureau Intro 6

10 Counties: Beckham, Bryan, Carter, Cherokee, Garfield, Jackson, Kay, Love, Muskogee, Ottawa, Payne, Pittsburg, Pontotoc, Pottawatomie, Stephens, Texas, and Woodward. Carter and Love counties comprise the Ardmore Micropolitan Area. 7) Major Metro (MMET: 14 counties) all counties comprising the Oklahoma City and Tulsa MSAs. Excludes metropolitan area counties in the Lawton, OK MSA and Ft. Smith, AR MSA. 8) Non-Energy (NEN: 31 counties) all counties not classified as Energy counties 9) Non-Agricultural (NFARM: 56 counties) all counties not classified as Agricultural counties 1) Non-Metropolitan (NMET: 6 counties) all counties not classified as Metropolitan Area counties 11) Non-Major Metro (NMMET: 63 counties) all counties not classified as Major Metro counties. Excludes counties in the Oklahoma City and Tulsa metro areas. 12) OKC Regional Partnership (OKCRP: 1 counties) counties comprising the Greater Oklahoma City Regional Partnership trade area Counties: Canadian, Cleveland, Grady, Kingfisher, Lincoln, Logan, McClain, Oklahoma, Payne, and Pottawatomie 13) OKC MSA ex Oklahoma County (OOUT: 6 counties) all counties in the Oklahoma City MSA except Oklahoma County. The 6 peripheral counties adjoining Oklahoma County in the OKC metro area: Canadian, Cleveland, Grady, Lincoln, Logan, and McClain 14) Oklahoma Co. & Tulsa Co. (OTCTY: 2 counties) the core counties of the Oklahoma City and Tulsa MSAs. Also the two largest counties in the state 15) Tulsa MSA ex Tulsa Co. (TOUT: 6 counties) all counties in the Tulsa MSA except Tulsa County. The 6 peripheral counties adjoining Tulsa County in the Tulsa metro area: Creek, Okmulgee, Osage, Pawnee, Rogers, and Wagoner Intro 7

11 Data Sources Data for the Yearbook is derived from numerous Federal and state sources. Other data series are derived by RegionTrack. Federal and State Sources: 1. Bureau of Economic Analysis (BEA) total employment, wage & salary employment, and proprietor employment, military employment, and farm employment; personal income, real personal income, per capita personal income, and real per capita personal income; earnings, compensation, wage & salary income, and proprietor s income; gross domestic product, real gross domestic product 2. Bureau of Labor Statistics (BLS) wage & salary employment from both the CES and QCEW survey; and LAUS labor force, unemployed workers, employed workers, unemployment rate, and labor force participation rate; business establishments from the QCEW survey; 3. Census Bureau population, construction permits, and housing units; 4. Federal Housing Finance Agency (FHFA) housing prices indices, both all transactions and purchase only 5. Oklahoma Tax Commission retail sales Derived Series: A number of series are derived by RegionTrack from the above data sources. These series include: 1. employment-population ratio 2. share of U.S. per capita income 3. wage & salary income per worker 4. retail sales per capita, and 5. gross domestic product per worker Gross domestic product at the metro and county levels is estimated by RegionTrack using an allocation procedure based on worker earnings at the industry level. Intro 8

12 Data Symbols and Abbreviations e f BEA LAUS QCEW CES FHFA estimate forecast Bureau of Economic Analysis Local Area Unemployment Statistics Quarterly Census of Employment and Wages Current Employment Statistics Federal Housing Finance Agency Intro 9

13 Modeling Methodology Forecasts and Estimates All forecasts and estimates in the Yearbook are produced with RegionTrack s Oklahoma Regional Economic Forecasting Model. The model is an economic analysis and forecasting tool developed over more than 15 years as a modeling platform for studying the behavior of the Oklahoma economy. The model is intended to provide both public and private sector clients with timely evidence on current and expected future economic conditions. Model Framework: The model is a large-scale simultaneous equation econometric model built largely in the Cowles tradition. The state model is constructed bottom-up at the 2-digit NAICS industry level and consists of approximately 23 equations and 75 identities. Local area models are also constructed bottom-up at roughly the 2-digit NAICS industry level and consist of approximately 8 equations and 35 identities. The state model can be viewed as a satellite model driven by exogenous forecasts of U.S. economic behavior. The local models are similarly driven by both state and U.S. forecasts. The structure of the model follows from its primary task of providing short- to intermediate-run regional forecasts. Dependent variables are differenced (typically once) unless found stationary in levels. Lagged endogenous variables are used to capture both partial adjustment effects and expectational effects though no effort is made to partition or identify the effects. The core of the model defines relationships among employment, income, and output at the industry level; these endogenous variables in turn drive behavior throughout the remainder of the model. Forecast Horizon and Data Frequency: The model is structured around a quarterly dataset and is designed to provide short-run forecasts of 1 to 12 quarters. This forecast horizon captures current-cycle dynamics and is believed useful for regional economic discussions focusing on short-run cyclical dynamics. Most equations in the model are estimated using quarterly data; the quarterly estimates can subsequently be used as drivers for annual equations for common low frequency data series e.g. population components. Exogenous Drivers: Exogenous variables are estimated internally by RegionTrack and derived from numerous sources. Other sources include Federal Reserve surveys and internal forecasts; other private sector forecasts; and federal agencies such as U.S. Department of Energy (DOE), Census Bureau, Bureau of Labor Statistics (BLS), and Bureau of Economic Analysis (BEA). State Model: The state model is a satellite model in the sense that it is driven by forecasts of various national variables which are treated as exogenous to the underlying system of equations. Metro and County-Level Models: Smaller bottom-up models for each metro area and county are estimated along with the broader state model. The bottom-up metro and county level equations can be driven by both state and national variables. Intro 1

14 State of Oklahoma Data Tables Page Economic Summary Annual Economic Summary Quarterly (215 and 216) Wage & Salary Employment by Industry (CES Survey) Total Employment by Industry: Wage & Salary and Proprietors Wage & Salary Employment by Industry Proprietor Employment by Industry Earnings by Industry: Wage & Salary Income + Proprietor Income Employee Compensation by Industry Wage & Salary Income by Industry Proprietor Income by Industry Earnings per Worker by Industry Wage & Salary Income per Worker by Industry Proprietor Income per Proprietor by Industry Gross Domestic Product by Industry Gross Domestic Product per Worker by Industry State OK-1 State OK-2 State OK-3 State OK-4 State OK-5 State OK-6 State OK-7 State OK-8 State OK-9 State OK-1 State OK-11 State OK-12 State OK-13 State OK-14 State OK-15

15 Economic Summary - Annual Employment Labor Force Income Retail Output Housing Wage & Salary Employment Unemployment Rate Retail Sales millions OK U.S. Trend percent 2 OK U.S. State of Oklahoma 1 OK U.S. Trend Economic Indicator e 216f Wage & Salary Employment (CES) 1,594,745 1,618,458 1,567,736 1,555,927 1,577,643 1,614,19 1,635,177 1,653,64 1,663,453 1,653,833 % change annual rate 1.9% 1.5% -3.1% -.8% 1.4% 2.3% 1.3% 1.1%.6% -.6% Wage & Salary Employment (QCEW) 1,534,732 1,55,486 1,498,214 1,484,796 1,57,551 1,538,84 1,56,717 1,582,237 1,591,931 1,58, % 1.% -3.4% -.9% 1.5% 2.1% 1.4% 1.4%.6% -.7% Total Employment (BEA) 2,154,645 2,192,556 2,144,933 2,133,431 2,163,321 2,215,297 2,251,236 2,281,984 2,32,96 2,33, % 1.8% -2.2% -.5% 1.4% 2.4% 1.6% 1.4%.9%.% Wage & Salary Employment 1,648,795 1,677,76 1,625,164 1,67,228 1,626,838 1,658,23 1,68,497 1,71,311 1,711,693 1,73,39 1.9% 1.8% -3.1% -1.1% 1.2% 1.9% 1.3% 1.2%.6% -.5% Proprietor Employment 55,85 514,85 519, ,23 536, ,67 57,739 58, ,268 6, % 1.8% 1.% 1.2% 2.% 3.8% 2.5% 1.7% 1.8% 1.6% Military Employment 38,394 38,47 37,856 39,569 37,927 36,251 35,621 33,988 33,567 33, %.% -1.4% 4.5% -4.2% -4.4% -1.7% -4.6% -1.2% -.4% Farm Employment 91,1 9,198 87,78 85,474 83,57 83,634 84,747 82,668 82,479 84, % -.9% -2.7% -2.6% -2.3%.2% 1.3% -2.5% -.2% 2.1% Labor Force (LAUS) 1,726,259 1,746,466 1,764,432 1,768,285 1,773,88 1,799,898 1,83,215 1,784,35 1,842,649 1,854,891.6% 1.2% 1.%.2%.3% 1.5%.2% -1.1% 3.3%.7% Unemployed 7,769 65, ,49 12,146 14,599 94,775 96,43 8,23 77,843 76,512 3.% -7.6% 71.9% 6.9% -12.9% -9.4% 1.7% -16.8% -2.9% -1.7% Employment 1,655,49 1,681,81 1,652,23 1,648,138 1,669,281 1,75,123 1,76,786 1,73,832 1,764,86 1,778,378.5% 1.5% -1.7% -.2% 1.3% 2.1%.1% -.2% 3.6%.8% Unemployment Rate (%) % -8.9% 7.3% 6.9% -13.2% -1.7% 1.7% -16.% -5.9% -2.6% Population 3,634,349 3,668,976 3,717,572 3,759,481 3,786,527 3,817,59 3,853,118 3,878,51 3,888,33 3,897, % 1.% 1.3% 1.1%.7%.8%.9%.6%.3%.2% Labor Force Participation Rate (%) %.1%.4% -2.% -1.%.5% -.8% -1.9% 2.5%.% Employment-Population Ratio (%) %.6% -3.% -1.4%.6% 1.3% -.8% -.8% 3.3%.5% Personal Income ($Mil.) 125, , , , , , , , , , % 1.2% -7.2% 5.1% 9.4% 7.3% 1.9% 4.7% 2.3% 1.% Real Personal Income ($Mil.) 6,58 64,322 59,922 61,968 65,71 69,67 69,45 71,488 73,5 72, % 6.2% -6.8% 3.4% 6.% 5.1%.5% 3.% 2.2% -.3% Per Capita Personal Income 34,561 37,739 34,579 35,948 39,35 41,547 41,962 43,637 44,534 44,86 3.1% 9.2% -8.4% 4.% 8.6% 6.4% 1.% 4.% 2.1%.7% Real Per Capita Personal Income 16,668 17,532 16,12 16,482 17,353 18,94 18,13 18,434 18,789 18,686.2% 5.2% -8.1% 2.2% 5.3% 4.3% -.4% 2.3% 1.9% -.5% Share of U.S. PCPI (%) % 5.8% -4.4% 1.6% 3.% 2.1%.6%.3% -1.5% -3.4% Earnings ($Mil) 89,2 98,516 89,221 94,484 13,41 111, , ,89 123,39 122, % 1.7% -9.4% 5.9% 9.4% 7.9% 4.% 5.1% 1.3% -1.% Compensation ($Mil) 73,676 77,757 75,922 78,287 82,785 87,243 9,237 93,954 95,411 96, % 5.5% -2.4% 3.1% 5.7% 5.4% 3.4% 4.1% 1.6% 1.2% Wage & Salary Income ($Mil) 59,579 63,28 61,188 62,413 66,233 7,176 72,443 75,618 76,89 77, % 6.2% -3.3% 2.% 6.1% 6.% 3.2% 4.4% 1.7% 1.% Proprietor's Income 15,344 2,759 13,298 16,197 2,615 24,286 25,711 27,855 27,979 25, % 35.3% -35.9% 21.8% 27.3% 17.8% 5.9% 8.3%.4% -8.5% Wage & Salary Income per Worker 36,133 37,719 37,653 38,831 4,79 42,316 43,17 44,446 44,92 45, % 4.4% -.2% 3.1% 4.8% 3.9% 1.9% 3.1% 1.1% 1.5% Retail Sales ($Thou.) 41,323 45,716 41,31 42,68 46,413 5,989 5,956 53,588 51,913 5, % 1.6% -9.6% 3.1% 8.9% 9.9% -.1% 5.2% -3.1% -3.5% Retail Sales per Capita ($) 11,37 12,459 11,114 11,333 12,257 13,358 13,224 13,818 13,352 12, % 9.6% -1.8% 2.% 8.2% 9.% -1.% 4.5% -3.4% -3.7% Business Establishments 99,459 1,958 11,262 12,399 12,851 14,536 15,779 17,46 18,799 11, % 1.5%.3% 1.1%.4% 1.6% 1.2% 1.2% 1.6% 1.3% Gross Domestic Product ($Mil) 144, , , , , , , , , , % 9.2% -8.9% 6.% 6.6% 4.5% 4.2% 4.% 3.3% 3.4% Real Gross Domestic Product ($Mil) 129, , , , , , , , , , % 3.6% -3.1% 1.9% 1.% 3.9% 2.5% 2.3% 3.1% 1.2% GDP per Worker ($) 66,941 71,844 66,97 71,33 74,938 76,441 78,354 8,413 82,277 85,2 2.7% 7.3% -6.9% 6.6% 5.1% 2.% 2.5% 2.6% 2.3% 3.3% FHFA Housing Price - All Transactions % 2.%.5% -.7% -1.5% 1.6% 1.7% 3.4% 4.7% 3.6% FHFA Housing Price - Purchase Only % -.1%.6% -.1% -1.9% 2.9% 4.2% 3.5% 5.6% 3.4% Housing Construction Permits (Units) 13,37 8,736 7,932 7,359 7,377 1,587 12,552 12,882 11,261 12, % -34.7% -9.2% -7.2%.2% 43.5% 18.6% 2.6% -12.6% 1.% Housing Units - Total 1,632,873 1,648,44 1,658,193 1,666,93 1,671,76 1,678,225 1,688,41 1,699,438 1,711,613 1,723,29 1.% 1.%.6%.5%.3%.4%.6%.7%.7%.7% Economic Indicator e 216f Thousands $billions, annual rate 216 Oklahoma Economic Yearbook State OK REGIONTRACK, INC.

16 Wage & Salary Employment (CES Survey) PRIVATE GOVERNMENT Goods Services Govt GOODS SERVICES Indexed Employment by Major Group Sector Index: Jan-21=1. 1,4 1,2 1, Private Employment thousands 2 Total Services Goods State of Oklahoma Wage & Salary Employment (CES) 1,594,745 1,618,458 1,567,736 1,555,927 1,577,643 1,614,19 1,635,177 1,653,64 1,663,453 1,653,833 % change annual rate 1.9% 1.5% -3.1% -.8% 1.4% 2.3% 1.3% 1.1%.6% -.6% Private 1,26,943 1,281,22 1,219,36 1,27,341 1,233,748 1,266,866 1,286,592 1,35,62 1,314,615 1,33,4 2.% 1.6% -4.8% -1.% 2.2% 2.7% 1.6% 1.5%.7% -.9% GOODS-PRODUCING Goods-Producing 269,22 277,3 241,72 234,41 249, ,82 271,28 275, ,66 25,268 3.% 3.% -12.8% -3.2% 6.6% 5.8% 2.6% 1.6% -2.8% -6.5% Mining 46,629 51,959 43,441 43,738 51,491 58,11 59,67 61,39 54,775 44, % 11.4% -16.4%.7% 17.7% 12.8% 2.7% 2.7% -1.7% -18.4% Construction 71,287 75,515 68,93 66,975 68,238 7,344 74,662 75,466 79,269 81, % 5.9% -8.7% -2.8% 1.9% 3.1% 6.1% 1.1% 5.% 2.8% Manufacturing 151,35 149, , , , , , , , , % -1.% -13.7% -4.6% 5.3% 4.5%.8% 1.4% -3.6% -7.1% SERVICE-PROVIDING Service-Providing 991,723 1,3,92 977, ,31 984,184 1,2,784 1,15,565 1,3,17 1,46,955 1,53, % 1.2% -2.6% -.4% 1.1% 1.9% 1.3% 1.4% 1.6%.6% Wholesale & Retail Trade 23, , ,79 224,22 228, , , , ,68 247,14.9%.7% -2.7% -.8% 1.8% 2.2% 1.4% 2.1% 2.1%.2% Wholesale Trade 59,354 59,278 56,195 55,632 57,85 6,318 61,768 63,368 63,794 62, % -.1% -5.2% -1.% 4.% 4.3% 2.4% 2.6%.7% -2.6% Retail Trade 171, , , ,589 17,49 173, ,14 178, , ,988.7% 1.% -1.8% -.8% 1.1% 1.5% 1.1% 1.9% 2.6% 1.1% Transportation & Utilities 56,93 57,95 55,282 53,38 54,37 56,961 58,227 59,11 58,375 58, %.3% -3.2% -4.1% 2.4% 4.9% 2.2% 1.5% -1.2% -.1% Information 28,825 28,699 26,799 24,266 23,4 22,467 21,9 21,668 21,717 21, % -.4% -6.6% -9.5% -5.1% -2.5% -2.5% -1.1%.2% -1.8% Financial Activities 8,116 8,827 79,518 78,119 77,65 78,139 78,891 79,517 8,38 81, %.9% -1.6% -1.8% -.7%.7% 1.%.8% 1.% 2.% Finance & Insurance 58,854 59,43 59,176 58,346 58,9 58,335 58,468 58,834 59,675 6, %.9% -.4% -1.4% -.4%.4%.2%.6% 1.4% 2.2% Real Estate, Rental, & Leasing 21,262 21,424 2,343 19,773 19,515 19,84 2,423 2,683 2,633 2,933.3%.8% -5.% -2.8% -1.3% 1.5% 3.1% 1.3% -.2% 1.5% Professional & Business Services 184, , , , ,53 179, , ,85 19,58 19,18 3.%.7% -8.6% 1.5% 2.1% 2.1%.9% 2.4% 2.3%.1% Prof., Scientific, & Technical 63,354 64,888 62,919 63,497 64,331 65,874 66,83 67,36 68,725 69,91 3.4% 2.4% -3.%.9% 1.3% 2.4% 1.4%.8% 2.1% 1.7% Mgt of Co. & Enterprises 16,252 16,79 16,392 16,318 17,25 18,17 18,376 18,716 19,267 19, % 2.8% -1.9% -.5% 4.3% 5.8% 2.% 1.9% 2.9% 3.1% Admin., Support, & Waste Mgt. 14,751 14,131 9,514 92,551 94,697 95,877 96,199 99,784 12,67 1, % -.6% -13.1% 2.2% 2.3% 1.2%.3% 3.7% 2.3% -1.6% Education & Health Services 21,83 214, , ,72 223, , ,73 228,113 23, ,94 2.6% 2.2% 1.8% 1.4%.6% 1.4%.6%.2% 1.2%.9% Educational Services 16,991 17,431 18,15 18,424 19,23 19,195 19,43 19,936 2,559 21,472.3% 2.6% 4.1% 1.5% 3.3%.9% 1.2% 2.6% 3.1% 4.4% Health Care & Social Assistance 193,92 197,334 2,435 23,296 24,14 27,43 28,273 28,177 21, , % 2.2% 1.6% 1.4%.4% 1.4%.6%.% 1.1%.5% Leisure & Hospitality 137, ,71 139, ,4 142, , , ,13 159, , % 2.4% -.8% -.7% 2.8% 3.% 3.% 2.3% 2.7% 1.9% Arts, Entertain., & Recreation 14,585 15,77 14,39 14,277 14,16 14,271 14,611 14,487 14,345 14,175 3.% 7.7% -8.4% -.8% -1.2% 1.2% 2.4% -.9% -1.% -1.2% Accommodation & Food Service 123, , , , ,89 132,91 136,965 14, ,93 148,96 1.4% 1.8%.2% -.7% 3.3% 3.2% 3.1% 2.6% 3.1% 2.2% Other Services 63,1 63,494 61,596 6,57 58,799 58,584 59,19 59,283 59,614 59,78 2.3%.6% -3.% -1.7% -2.9% -.4%.9%.3%.6% -.9% GOVERNMENT Government 333,82 337, , , , , , ,2 348,839 35, % 1.% 3.3%.1% -1.3%.9%.4% -.2%.2%.5% Federal Government 45,353 45,251 46,59 5,424 49,122 48,353 47,128 46,311 46,556 46,54 -.9% -.2% 3.% 8.2% -2.6% -1.6% -2.5% -1.7%.5%.% State & Local Government 288, ,987 31, , , ,81 31,457 31,691 32,282 33, % 1.2% 3.4% -1.2% -1.1% 1.4%.9%.1%.2%.5% State Government 83,75 84,55 85,68 83,8 84,851 86,416 86,299 85,824 85,54 85,2.4%.4% 1.2% -1.5% 1.3% 1.8% -.1% -.6% -.3% -.6% Local Government 24,744 27, , ,362 29, , , , , , % 1.6% 4.2% -1.1% -2.1% 1.2% 1.3%.3%.4% 1.% e 216f 216 Oklahoma Economic Yearbook State OK REGIONTRACK, INC Government Employment thousands 5 Total Local State Federal 215e 216f

17 Earnings: Wage & Salary Income + Proprietor Income (BEA) PRIVATE GOVERNMENT Goods Services Govt GOODS SERVICES Indexed Earnings by Major Group Sector Index: Jan-21= Private Earnings $billions Total Services Goods State of Oklahoma Total State & Local Federal Total Earnings (BEA) 89,2 98,516 89,221 94,484 13,41 111, , ,89 123,39 122,139 % change annual rate 1.2% 1.7% -9.4% 5.9% 9.4% 7.9% 4.% 5.1% 1.3% -1.% Private 7,859 79,344 69,278 73,645 82,545 9,737 94,7 1,154 11,313 99, % 12.% -12.7% 6.3% 12.1% 9.9% 4.4% 5.8% 1.2% -1.9% GOODS-PRODUCING Goods-Producing 24,148 3,887 2,84 23,673 29,344 33,319 35,454 37,878 37,311 33, % 27.9% -32.5% 13.6% 24.% 13.5% 6.4% 6.8% -1.5% -1.2% Farm ,388 1,849 1,91 2,36 2,221 2, % 35.6% -95.3% 1972.% 64.1% 33.2% 3.3% 2.7% -3.7% 3.3% Forestry, Fishing, & Related Svcs % -.5% 1.8% 27.3% -8.6% 13.7% 1.% 9.7% 16.3% 3.9% Mining 8,82 14,538 7,47 8,86 12,687 14,365 16,48 17,73 16,276 12, % 65.2% -51.5% 24.9% 44.1% 13.2% 11.7% 6.4% -4.7% -24.1% Construction 5,75 5,37 5,198 5,523 5,844 6,564 7,41 7,43 7,811 8, % 4.6% -2.1% 6.2% 5.8% 12.3% 7.3% 5.1% 5.5% 5.4% Manufacturing 9,439 9,983 8,355 8,246 9,196 1,279 1,191 1,86 1,666 1,26.7% 5.8% -16.3% -1.3% 11.5% 11.8% -.9% 6.% -1.3% -3.8% SERVICE-PROVIDING Service-Providing 46,712 48,457 48,438 49,972 53,21 57,418 59,246 62,276 64,2 65,89 3.7% 3.7%.% 3.2% 6.5% 7.9% 3.2% 5.1% 2.8% 3.% Wholesale & Retail Trade 1,55 9,93 9,83 9,989 1,631 11,45 11,865 12,44 12,561 12, % -1.5% -.7% 1.6% 6.4% 7.3% 4.% 4.8% 1.% 2.4% Wholesale Trade 3,928 3,977 3,698 3,587 3,938 4,349 4,629 4,923 4,774 4,71 5.2% 1.3% -7.% -3.% 9.8% 1.5% 6.4% 6.4% -3.% -1.5% Retail Trade 6,127 5,926 6,132 6,42 6,693 7,55 7,235 7,517 7,787 8, % -3.3% 3.5% 4.4% 4.5% 5.4% 2.5% 3.9% 3.6% 4.8% Transportation & Utilities 4,846 5,115 4,927 5,258 5,973 6,949 7,382 8,79 8,148 8, % 5.5% -3.7% 6.7% 13.6% 16.3% 6.2% 9.5%.9% 2.6% Information 1,792 1,883 1,822 1,749 1,786 1,757 1,793 1,859 1,849 1,878.1% 5.1% -3.3% -4.% 2.1% -1.6% 2.1% 3.7% -.6% 1.6% Financial Activities 4,835 5,46 5,347 5,557 5,776 6,673 6,624 6,921 7,63 7, % 4.4% 6.% 3.9% 3.9% 15.5% -.7% 4.5% 2.1% 1.4% Finance & Insurance 3,548 3,72 4,1 4,111 4,79 4,46 4,456 4,775 4,815 5,18 3.3% 4.8% 7.8% 2.5% -.8% 8.% 1.1% 7.2%.8% 4.2% Real Estate, Rental, & Leasing 1,287 1,326 1,337 1,445 1,697 2,268 2,168 2,146 2,248 2, % 3.1%.8% 8.1% 17.4% 33.7% -4.4% -1.% 4.8% -4.6% Professional & Business Services 9,71 1,422 9,874 1,11 1,951 11,531 11,994 12,529 13,69 13, % 7.4% -5.3% 1.4% 9.4% 5.3% 4.% 4.5% 4.3% 3.8% Prof., Scientific, & Technical 4,877 5,224 5,1 5,49 5,444 5,819 6,16 6,29 6,495 6, % 7.1% -4.3% 1.% 7.8% 6.9% 3.4% 3.2% 4.6% 2.3% Mgt of Co. & Enterprises 1,111 1,221 1,272 1,233 1,569 1,479 1,558 1,637 1,826 2,79 3.% 9.9% 4.2% -3.1% 27.3% -5.8% 5.4% 5.% 11.6% 13.8% Admin., Support, & Waste Mgt. 3,713 3,977 3,61 3,729 3,937 4,233 4,419 4,683 4,748 4, % 7.1% -9.5% 3.6% 5.6% 7.5% 4.4% 6.% 1.4% 2.% Education & Health Services 9,28 9,795 1,226 1,748 11,128 11,566 11,894 12,336 12,815 13, % 6.4% 4.4% 5.1% 3.5% 3.9% 2.8% 3.7% 3.9% 3.6% Educational Services ,15 3.9% 3.9% 7.8% 3.% 4.7% 6.6% 2.1% 6.6% 1.1% 8.% Health Care & Social Assist. 8,545 9,16 9,483 9,984 1,328 1,713 11,23 11,48 11,876 12, % 6.6% 4.1% 5.3% 3.5% 3.7% 2.9% 3.5% 4.1% 3.2% Leisure & Hospitality 2,87 2,937 3,72 3,175 3,358 3,641 3,749 3,991 4,199 4, % 2.3% 4.6% 3.3% 5.8% 8.4% 3.% 6.5% 5.2% 4.4% Arts, Entertain., & Recreation % -.8% 13.4% 4.5% 5.2% 12.3% 4.2% 8.% 5.8% 4.5% Accommodation & Food Service 2,394 2,465 2,537 2,615 2,769 2,98 3,61 3,248 3,412 3,56 1.9% 3.% 2.9% 3.1% 5.9% 7.6% 2.7% 6.1% 5.1% 4.3% Other Services 3,45 3,356 3,342 3,486 3,599 3,896 3,945 4,12 4,297 4,48.7% -1.4% -.4% 4.3% 3.2% 8.3% 1.3% 4.4% 4.3% 2.6% GOVERNMENT Government 18,161 19,173 19,943 2,839 2,855 2,792 21,248 21,655 22,77 22, % 5.6% 4.% 4.5%.1% -.3% 2.2% 1.9% 1.9% 3.1% Military 2,232 2,335 2,455 2,639 2,547 2,448 2,348 2,223 2,147 2, % 4.6% 5.1% 7.5% -3.5% -3.9% -4.1% -5.3% -3.4% 2.3% Federal Government 3,759 3,778 4,31 4,368 4,453 4,416 4,284 4,429 4,62 4, %.5% 6.7% 8.3% 2.% -.8% -3.% 3.4% 4.3% 2.9% State & Local Government 12,169 13,6 13,457 13,833 13,856 13,928 14,615 15,3 15,31 15,87 8.6% 7.3% 3.% 2.8%.2%.5% 4.9% 2.7% 2.% 3.2% e 216f 216 Oklahoma Economic Yearbook State OK REGIONTRACK, INC Government Earnings $billions 215e 216f

18 Earnings per Worker (BEA) PRIVATE GOVERNMENT Goods Services Govt GOODS SERVICES Indexed Avg. Earnings by Major Group Index: Jan-21= Private Avg. Earnings by Major Group $thousands 2 Total Services Goods Sector State of Oklahoma Earnings per Worker (BEA) 41,312 44,932 41,595 44,284 47,792 5,341 51,53 53,377 53,579 53,21 % change annual rate -1.4% 8.8% -7.4% 6.5% 7.9% 5.3% 2.3% 3.6%.4% -1.% Private 39,541 43,53 39,238 42,7 46,75 49,116 5,353 52,363 52,398 51, % 1.% -9.8% 7.1% 9.7% 6.6% 2.5% 4.%.1% -1.8% GOODS-PRODUCING Goods-Producing 51,723 63,271 46,25 52,7 64,65 67,771 69,85 73,124 71,693 65, % 22.3% -27.% 14.1% 22.7% 4.8% 3.1% 4.7% -2.% -8.4% Farm 7,9 9, ,911 16,614 22,14 22,53 27,926 26,918 27, % 36.4% -95.1% % 67.6% 33.% 1.9% 23.9% -3.6% 1.2% Forestry, Fishing, & Related Svcs. 22,425 21,817 22,447 28,434 26,286 29,659 29,85 32,25 36,52 37, % -2.7% 2.9% 26.7% -7.6% 12.8%.5% 7.4% 12.6% 4.2% Mining 17, ,56 76,966 83,53 123,631 19,19 115,31 116,44 18,895 85, % 33.5% -46.4% 8.5% 48.1% -11.7% 5.4% 1.2% -6.5% -21.1% Construction 39,766 4,621 42,35 47,54 49,23 54,31 55,618 57,8 58,87 6, % 2.2% 4.1% 11.2% 4.6% 9.8% 2.9% 3.9% 1.9% 3.% Manufacturing 59,869 63,546 59,94 62,436 65,613 7,511 68,934 71,366 72,821 75,46 -.5% 6.1% -5.7% 4.2% 5.1% 7.5% -2.2% 3.5% 2.% 3.1% SERVICE-PROVIDING Service-Providing 35,248 36,276 36,842 38,325 39,773 42,355 43,147 44,652 45,29 46,319 1.% 2.9% 1.6% 4.% 3.8% 6.5% 1.9% 3.5% 1.4% 2.3% Wholesale & Retail Trade 35,215 35,11 35,415 36,71 37,993 4,165 41,34 42,223 42,99 43,11 2.7% -.6% 1.2% 3.7% 3.5% 5.7% 2.2% 2.9% -.3% 2.4% Wholesale Trade 59,792 6,965 59,526 59,83 61,49 65,774 68,176 71,19 68,861 69,49 4.% 2.% -2.4% -.7% 3.9% 7.1% 3.7% 4.3% -3.2%.9% Retail Trade 27,87 27,23 28,463 3,283 31,32 32,391 32,74 33,35 33,996 35, % -2.3% 4.5% 6.4% 2.5% 4.4% 1.% 2.% 1.9% 4.1% Transportation & Utilities 64,44 7,54 69,26 77,45 85,938 96,214 1,284 17,199 17,723 19, % 8.8% -1.1% 11.8% 11.% 12.% 4.2% 6.9%.5% 1.9% Information 54,128 56,611 58,381 58,944 61,68 63,726 66,72 69,34 68,7 7, % 4.6% 3.1% 1.% 4.5% 3.4% 4.7% 3.9% -.9% 3.1% Financial Activities 3,31 3,327 31,287 32,668 32,335 37,536 36,847 38,628 39,664 39, % 1.% 3.2% 4.4% -1.% 16.1% -1.8% 4.8% 2.7%.5% Finance & Insurance 4,68 4,257 4,694 42,839 4,252 43,523 43,915 46,757 47,257 48,74-3.6% -1.% 1.1% 5.3% -6.% 8.1%.9% 6.5% 1.1% 3.1% Real Estate, Rental, & Leasing 17,444 17,932 18,476 19,494 21,957 29,61 27,686 27,854 29,511 27, % 2.8% 3.% 5.5% 12.6% 34.9% -6.5%.6% 5.9% -5.3% Professional & Business Services 37,595 39,575 4,22 4,555 43,549 45,132 46,326 47,239 48,319 49,92 1.4% 5.3% 1.6%.9% 7.4% 3.6% 2.6% 2.% 2.3% 3.3% Prof., Scientific, & Technical 46,563 49,167 48,872 49,663 52,489 55,579 56,434 57,572 59,4 6, % 5.6% -.6% 1.6% 5.7% 5.9% 1.5% 2.% 3.2% 1.3% Mgt of Co. & Enterprises 76,597 7,579 77,12 71,744 92,991 81,478 83,215 78,53 83,72 9, % -7.9% 9.1% -6.8% 29.6% -12.4% 2.1% -5.7% 5.8% 9.4% Admin., Support, & Waste Mgt. 26,755 28,463 28,45 29,131 3,83 31,911 33,89 34,312 34,12 34, % 6.4% -.2% 2.6% 3.3% 6.1% 3.7% 3.7% -.6% 2.5% Education & Health Services 41,168 43,77 44,31 45,877 46,97 48,259 49,279 5,86 52,31 53, % 4.6% 2.9% 3.5% 2.4% 2.7% 2.1% 3.1% 2.4% 2.6% Educational Services 25,6 27,291 28,333 28,469 29,257 3,247 3,168 31,116 3,362 31, % 6.6% 3.8%.5% 2.8% 3.4% -.3% 3.1% -2.4% 3.6% Health Care & Social Assistance 43,26 45,47 46,356 48,13 49,281 5,661 51,876 53,565 55,144 56, % 4.3% 2.9% 3.8% 2.4% 2.8% 2.4% 3.3% 2.9% 2.8% Leisure & Hospitality 17,559 17,632 18,365 19,21 19,663 2,8 2,894 21,698 22,261 22,77.%.4% 4.2% 4.5% 2.4% 5.8%.5% 3.8% 2.6% 2.3% Arts, Entertain., & Recreation 16,67 16,17 18,366 19,239 19,62 21,349 22,13 23,448 24,398 25,18-3.2% -3.% 13.6% 4.8% 1.9% 8.9% 3.5% 6.1% 4.% 2.9% Accommodation & Food Service 17,748 17,942 18,365 19,193 19,677 2,682 2,64 21,333 21,82 22,291.7% 1.1% 2.4% 4.5% 2.5% 5.1% -.2% 3.4% 2.3% 2.2% Other Services 27,21 27,35 27,771 29,634 29,623 31,457 31,86 32,52 33,369 34, %.4% 1.7% 6.7%.% 6.2% 1.1% 2.2% 2.6% 2.4% GOVERNMENT Government 5,63 51,997 52,562 54,77 56,54 56,488 57,341 58,623 59,757 61,31 5.5% 3.9% 1.1% 4.2% 2.3%.8% 1.5% 2.2% 1.9% 2.6% Military 58,142 6,87 64,849 66,683 67,146 67,529 65,915 65,398 63,957 65,75 2.5% 4.6% 6.6% 2.8%.7%.6% -2.4% -.8% -2.2% 2.7% Federal Government 82,654 83,286 86,313 86,468 9,511 91,153 9,745 95,572 1,146 12,47 5.3%.8% 3.6%.2% 4.7%.7% -.4% 5.3% 4.8% 2.3% State & Local Government 43,633 45,831 45,639 47,634 48,628 49,15 5,796 51,92 52,839 54, % 5.% -.4% 4.4% 2.1% 1.1% 3.4% 2.2% 1.8% 2.7% 215e 216f e 216f Government Average Earnings Total State & Local Federal Military $thousands 216 Oklahoma Economic Yearbook State OK REGIONTRACK, INC.

19 Metro Areas Data Tables Page Oklahoma City, OK MSA Economic Summary Annual Economic Summary Quarterly (215 and 216) Wage & Salary Employment by Industry (CES Survey) Wage & Salary Employment by Industry (QCEW Survey) Wage & Salary Income by Industry (QCEW Survey) Metro OKC-1 Metro OKC-2 Metro OKC-3 Metro OKC-4 Metro OKC-5 Tulsa, OK MSA Economic Summary Annual Economic Summary Quarterly (215 and 216) Wage & Salary Employment by Industry (CES Survey) Wage & Salary Employment by Industry (QCEW Survey) Wage & Salary Income by Industry (QCEW Survey) Metro Tulsa-1 Metro Tulsa-2 Metro Tulsa-3 Metro Tulsa-4 Metro Tulsa-5

20 Wage & Salary Income (QCEW Survey) PRIVATE GOVERNMENT Goods Services Govt GOODS SERVICES Indexed Income by Major Group Index: Jan-21= Private Wage Income $billions OKC OK Trend Sector Oklahoma City, OK MSA 1.. OKC OK Trend Wage & Salary Income ($Mil., QCEW) 21, , , , , , , , , ,18.1 % change annual rate 5.2% 6.8% -2.4% 2.2% 7.4% 5.8% 4.5% 4.7% 2.5% 1.3% Private 16, , , , , , ,22. 22, , , % 7.9% -4.1% 2.3% 9.4% 6.8% 5.1% 5.% 2.5%.8% GOODS-PRODUCING Goods-Producing 4,2.2 4,69.7 4,72.4 4, , , , ,93.2 6,21.1 5, % 16.7% -13.2% 1.5% 17.5% 8.9% 7.6% 3.7% 2.% -9.8% Forestry, Fishing, & Related Svcs % 7.5% 4.5% -1.3% -2.3%.6% 5.3% 3.6% 4.6% 5.% Mining 1, , ,559. 1,67.1 2, , , , , ,1.7.5% 36.% -18.8% 3.1% 32.4% 7.4% 8.6%.2% 2.7% -21.7% Construction 1,17.1 1, ,73.1 1,92.9 1,15.5 1, , , , , % 11.6% -5.5% 1.8% 5.3% 5.4% 6.1% 4.7% 5.7% 5.5% Manufacturing 1, ,66. 1,49.2 1,44.5 1,55.8 1, , ,33.6 2,7.6 1, % 2.7% -12.3% -.3% 1.4% 13.8% 7.2% 7.5% -1.3% -5.9% SERVICE-PROVIDING Service-Providing 12, , , , ,28. 14, , , , , % 5.% -.8% 2.5% 6.8% 6.1% 4.2% 5.5% 2.7% 4.6% Wholesale & Retail Trade 2, ,84.5 2, ,77.1 2, ,24. 3, , , , % 4.1% -2.9% 1.7% 8.3% 6.8% 5.8% 4.4% -.7% 2.9% Wholesale Trade 1,172. 1, , , , , ,545. 1, , , % 5.5% -3.3%.4% 11.3% 7.9% 7.3% 5.3% -4.4% 1.% Retail Trade 1, , , ,57.4 1, , , ,91.6 1, , % 3.1% -2.5% 2.7% 6.% 6.% 4.5% 3.6% 2.5% 4.5% Transportation & Utilities ,85.9 1,39.2 1, % -3.4% 3.3% -2.% 6.7% 9.7% 3.8% 2.1% -4.3% 4.4% Information % 4.1% -8.6% -8.6% 7.2% -1.1% -7.2% 6.6% -.9%.6% Financial Activities 1,489. 1, , , ,575. 1, , ,84.1 1, , % 2.4% -3.2% 2.9% 3.7% 7.7% 4.9% 3.4% 3.% 3.5% Finance & Insurance 1,92.8 1, , , , , , , , , % 4.4% -.9% 2.3% 3.3% 6.6% 4.1% 9.4% 2.% 3.9% Real Estate, Rental, & Leasing % -3.2% -1.1% 4.7% 5.2% 11.3% 7.2% -14.2% 6.6% 2.2% Professional & Business Services 2, , ,64.7 3, , , , , , , % 7.2% -4.% 5.8% 8.7% 7.6% 4.2% 4.7% 5.% 7.% Prof., Scientific, & Technical 1, ,55.7 1, ,61.1 1, , ,873. 1, ,8.9 2, % 8.2% -.1% 3.3% 8.3% 5.9% 2.% 2.2% 5.% 4.1% Mgt of Co. & Enterprises % 2.8% -8.5% 18.9% 12.5% 14.1% 16.% 6.7% 12.2% 14.6% Admin., Support, & Waste Mgt. 1, ,29.4 1,12.8 1, ,262. 1, , ,48.2 1,51.5 1, % 7.5% -7.3% 4.6% 7.6% 7.2% 2.1% 7.2% 1.4% 6.5% Education & Health Services 2,62.9 2,82.6 2, ,17. 3, , , ,61.8 3, , % 7.6% 4.3% 2.5% 5.3% 4.6% 3.7% 4.6% 4.8% 4.7% Educational Services % 6.3% 8.1% 7.5% 8.4% 4.1% 3.1% 5.6% -9.7% 6.9% Health Care & Social Assistance 2,433. 2,62.8 2, , , ,6.7 3,174. 3, , , % 7.7% 4.% 2.1% 5.% 4.7% 3.7% 4.5% 6.% 4.5% Leisure & Hospitality ,16.1 1,92.5 1, , , , % 2.9% 7.9% 4.% 7.% 7.5% 4.7% 5.8% 5.1% 4.5% Arts, Entertain., & Recreation % -11.5% 35.1%.8% 5.7% 12.9% 2.2% 9.5% 9.3% 5.2% Accommodation & Food Service ,1.4 4.% 6.7% 1.9% 5.% 7.3% 6.% 5.5% 4.8% 3.8% 4.3% Other Services % 8.4% -3.8%.6% 5.5% 2.9% 6.3% 5.6% 2.8% 1.9% GOVERNMENT Government 4, , , , , , , , ,91.2 6, % 3.3% 3.9% 2.1%.8% 2.1% 2.4% 3.4% 2.4% 3.6% Federal Government 1,77.7 1,69.7 1, , , , , , , , % -1.% 6.2% 6.8% 1.8% -1.% -4.3% 4.2% 2.3% 3.4% State Government 1,51.3 1,58.9 1, , , , ,78.1 1, , , % 5.3% 1.% -1.1%.% 5.6% 6.8% 3.8% 2.4% 3.2% Local Government 1, , , , , , , , ,36.1 2, % 6.% 4.2%.3%.6% 2.5% 5.3% 2.2% 2.6% 4.1% e 216f Government Wage Income $billions 215e 216f 216 Oklahoma Economic Yearbook Metro OKC REGIONTRACK, INC.

21 Economic Summary - Annual Tulsa U.S. Trend 25 Employment Labor Force Income Retail Thousands Output Housing Wage & Salary Employment Unemployment Rate Retail Sales Economic Indicator Tulsa, OK MSA Wage & Salary Employment (CES) 434,978 44,572 42,54 413,37 415, , ,82 439, ,6 443,186 % change annual rate 1.9% 1.3% -4.6% -1.7%.5% 2.3% 1.7% 1.8%.7%.% Wage & Salary Employment (QCEW) 423,688 43,133 41,28 42,817 45,73 414,982 42, , , , % 1.5% -4.7% -1.8%.7% 2.3% 1.3% 1.8% 1.1% -.2% Total Employment (BEA) 572, , , ,45 559, , , , , ,16 2.8% 1.7% -3.1% -2.% 1.% 2.7% 1.4% 1.1% 1.2%.2% Wage & Salary Employment 448, ,72 436, , , , ,58 448, ,75 451,159 2.% 1.8% -4.3% -2.4%.6% 2.5% 1.2%.8% 1.% -.4% Proprietor Employment 124, , , ,441 13, , ,98 14, ,46 146,1 5.8% 1.6% 1.1% -.4% 2.5% 3.2% 2.2% 1.9% 2.% 1.8% Military Employment 3,961 4,173 4,14 4,31 3,987 3,829 3,741 3,719 3,77 3, % 5.3% -1.6% -1.8% -1.1% -4.% -2.3% -.6% -.3% -.3% Farm Employment 9,985 9,977 9,829 9,664 9,561 9,748 9,662 9,44 9,37 9, % -.1% -1.5% -1.7% -1.1% 2.% -.9% -2.7% -.4% 2.4% Labor Force (LAUS) 438,64 441, , , , , , , ,57 479,47-1.1%.7% -.1% 4.9% -.8% 1.4%.3% -.9% 2.5% 1.% Unemployed 17,387 16,52 3,227 33,65 28,856 25,92 25,65 2,721 2,231 2,89 1.2% -5.% 83.% 11.2% -14.1% -13.% -.1% -17.3% -2.4% 2.9% Employment 421,23 425, ,25 429,238 43,467 44, ,76 442, , , % 1.% -3.3% 4.4%.3% 2.4%.3%.1% 2.7%.9% Unemployment Rate (%) % -5.7% 83.2% 6.% -13.5% -14.3% -.4% -16.6% -4.7% 1.8% Population 96, , , , , , , ,224 97, , % 1.1% 1.5% 1.1%.6%.7% 1.%.7%.2%.2% Employment-Population Ratio (%) % -.1% -4.7% 3.3% -.4% 1.7% -.7% -.6% 2.5%.7% Personal Income ($Mil.) 35,533 39,612 35,668 37,27 4,875 44,512 45,479 46,521 48,12 48, % 11.5% -1.% 3.8% 1.4% 8.9% 2.2% 2.3% 3.2% 1.1% Real Personal Income ($Mil.) 17,135 18,42 16,629 16,977 18,17 19,385 19,523 19,652 2,256 2, % 7.4% -9.6% 2.1% 7.% 6.7%.7%.7% 3.1% -.2% Per Capita Personal Income 39,197 43,22 38,364 39,394 43,21 46,714 47,255 47,998 49,452 49, % 1.3% -11.2% 2.7% 9.7% 8.1% 1.2% 1.6% 3.%.9% Real Per Capita Personal Income 18,92 2,78 17,887 18,62 19,28 2,344 2,285 2,276 2,863 2,78-1.7% 6.2% -1.9% 1.% 6.3% 5.9% -.3%.% 2.9% -.4% Share of OK PCPI (%) % 1.% -3.2% -1.2% 1.% 1.6%.2% -2.3% 1.%.1% Share of U.S. PCPI (%) % 6.9% -7.4%.4% 4.1% 3.7%.8% -2.% -.6% -3.3% Wage & Salary Income ($Mil) 16,64 17,444 16,589 16,64 17,743 18,648 19,262 2,8 2,662 21,15 5.8% 4.8% -4.9%.1% 6.9% 5.1% 3.3% 4.3% 2.9% 2.1% Wage & Salary Income per Worker 39,274 4,554 4,46 41,218 43,72 44,935 45,829 46,948 47,778 48, % 3.3% -.2% 1.9% 6.1% 2.8% 2.% 2.4% 1.8% 2.4% Retail Sales ($Thou.) 11,493 12,259 11,36 11,51 11,88 12,595 12,739 13,261 13,415 13, % 6.7% -7.8% 1.7% 2.7% 6.7% 1.1% 4.1% 1.2% 1.1% Retail Sales per Capita ($) 12,679 13,375 12,161 12,237 12,482 13,219 13,236 13,682 13,817 13,94 2.8% 5.5% -9.1%.6% 2.% 5.9%.1% 3.4% 1.%.9% Business Establishments 26,225 26,447 26,685 27,261 27,415 27,813 28,187 28,42 28,952 29, %.8%.9% 2.2%.6% 1.5% 1.3%.8% 1.9% 1.7% Gross Domestic Product ($Mil) 43, , , , , , , ,8.7 53, , % 5.7% -7.5% 2.9% 6.4% 4.4% 1.5% 4.4% 4.5% 3.5% Real Gross Domestic Product ($Mil) 38, , , , , , , , , , % 2.5% -5.9% 1.2% 1.% 4.4% -.1% 2.7% 4.3% 1.4% GDP per Worker ($) 11,999 16,192 13,42 17, , , , , , , % 4.1% -3.% 4.7% 5.6% 2.1%.2% 2.5% 3.4% 3.8% FHFA Housing Price - All Transactions % 2.2%.7% -.4% -2.5% 1.2% 1.1% 2.4% 6.% 3.6% Housing Construction Permits (Units) 4,734 3,62 3,328 2,499 3,16 2,953 3,43 3,995 3,51 3, % -23.5% -8.1% -24.9% 24.3% -4.9% 16.2% 16.5% -23.6% 22.6% Housing Units - Total 399,269 44,146 47,644 41, , , ,7 421, , , % 1.2%.9%.7%.5%.7%.7%.7%.8%.9% Housing Units - Avg. Persons % -.1%.6%.4%.2%.%.3%.% -.6% -.6% Economic Indicator thousands percent 2 Tulsa OK U.S $billions, annual rate Tulsa OK Trend e e 216f 216f 216 Oklahoma Economic Yearbook Metro TULSA REGIONTRACK, INC.