Economic Indicators

Norman Economic Development Coalition

Economic Indicators

Provides important statistics regarding the economy of Norman, including unemployment figures, city and use sales taxes, and building permits.

Norman Area Unemployment Statistics*Jun-18Jul-18Aug-18Sep-18Oct-19Nov-19Dec-19Jan-19Feb-19Mar-19Apr-19May-19Jun-19Change
Labor Force 64,445 64,414 63,419 63,338 63,402 62,881 62,261 61,541 62,459 62,619 62,587 63,066 64,277 -168
Employment 62,205 62,400 61,533 61,675 61,849 61,430 60,717 59,527 60,594 60,838 61,119 61,342 62,209 4
Unemployment 2,240 2,014 1,886 1,663 1,553 1,451 1,544 2,014 1,865 1,781 1,468 1,724 2,068 -172
Unemployment Rate 3.50% 3.10% 3.00% 2.60% 2.40% 2.30% 2.50% 3.30% 3.00% 2.80% 2.30% 2.70% 3.20% -0.30%
U.S. Dept. of Labor, Sept. 2019

DescriptionSep-18Oct-18Nov-18Dec-18Jan-19Feb-19Mar-19Apr-19May-19Jun-19Jul-19Aug-19Sep-19Fiscal YTD

City Use Tax Collections by SIC Code

$550,741 $610,049 $522,358 $570,433 $651,737 $736,776 $579,609 $501,042 $618,517 $548,922 $620,795 $580,534 $647,861 $1,849,190
City Sales Tax Collections by SIC Code $6,030,998 $6,514,336 $6,158,450 $6,044,933 $6,896,128 $6,411,779 $6,488,647 $6,160,263 $6,097,566 $6,476,210 $6,150,778 $6,094,767 $6,304,757 $18,550,302
Oklahoma Tax Commission, Sept. 2019

Construction
Activity
Summary
Jul-18Aug-18Sep-18Oct-18Nov-18Dec-18Jan-19Feb-19Mar-19Apr-19May-19Jun-19Jul-19Fiscal YTD
New Family Residential:
Number of Permits 34 38 25 24 58 25 40 36 53 37 24 20 55 469
Total Construction Value $9,713,350 $11,387,088 $7,807,830 $5,105,945 $15,042,012 $6,652,185 $14,229,906 $8,590,510 $13,227,117 $9,378,830 $6,201,750 $4,603,854 $13,131,776 $125,072,153
New Nonā€Residential:
Number of Permits 6 10 4 13 7 9 5 16 8 13 8 7 14 120
Total Construction Value $3,242,000 $10,079,994 $1,817,000 $2,425,883 $1,559,500 $1,939,000 $3,447,000 $4,405,000 $13,170,000 $5,738,750 $2,480,000 $1,580,000 $5,019,971 $56,904,098