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*Nov-16Dec-16Jan-17Feb-17Mar-17Apr-17May-17Jun-17Jul-17Aug-17Sep-17Oct-17Change
Labor Force 61,098 61,143 60,161 61,932 61,905 61,288 61,315 62,264 62,495 61,567 62,287 62,196 1,098
Employment 59,085 59,223 58,649 59,857 59,829 59,411 59,029 59,620 59,797 59,164 60,043 60,283 1,198
Unemployment 2,013 1,920 2,127 2,075 2,076 1,877 2,286 2,644 2,398 2,403 2,244 1,913 -100
Unemployment Rate 3.30% 3.10% 3.50% 3.40% 3.40% 3.10% 3.70% 4.20% 3.90% 3.90% 3.60% 3.10% -0.20%
*Source: U.S. Dept. of Labor
DescriptionDec-16Jan-17Feb-17Mar-17Apr-17May-17June-17July-17Aug-17Sep-17Oct-17Nov-17Dec-17YTD FY17YTD FY18

City Use Tax Collections*

$255,104 $348,259 $332,879 $264,489 $257,088 $364,547 $334,906 $355,975 $379,810 $375,561 $444,399 $398,560 $363,815 $3,632,581 $2,318,120
City Sales Tax Collections* $5,963,744 $6,373,415 $6,513,883 $5,469,242 $6,148,742 $6,064,661 $5,982,538 $6,158,719 $5,890,756 $6,040,843 $6,401,351 $6,061,139 $5,645,273 $73,468,552 $36,198,080
*By SIC Code for the City of Norman - Source: Oklahoma Tax Commission
Construction
Activity
Summary
Nov-16Dec-16Jan-17Feb-17Mar-17Apr-17May-17Jun-17Jul-17Aug-17Sep-17Oct-17Nov-17Jan-Nov 2017
New Family Residential:
Number of Permits 28 35 30 22 28 33 37 50 35 46 20 32 42 375
Total Construction Value $7,284,703 $9,784,697 $6,884,350 $6,007,035 $7,484,600 $7,250,511 $8,004,496 $11,950,810 $12,462,989 $11,607,291 $5,368,430 $8,863,628 $10,897,498 $96,781,638
New Non‐Residential:
Number of Permits 6 3 2 3 4 8 5 9 8 10 4 8 11 72
Total Construction Value $2,246,955 $3,650,000 $4,657,174 $3,982,500 $738,650 $5,126,795 $1,121,000 $4,002,000 $31,097,410 $12,812,500 $5,200,000 $1,897,500 $29,786,208 $100,421,737