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* | June-16 | Jul-16 | Aug-16 | Sept-16 | Oct-16 | Nov-16 | Dec-16 | Jan-17 | Feb-17 | Mar-17 | Apr-17 | May-17 | Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Labor Force | 62,015 | 61,272 | 60,161 | 60,318 | 60,685 | 61,098 | 61,143 | 60,776 | 61,932 | 61,905 | 61,288 | 61,315 | -700 |
| Employment | 59,414 | 58,846 | 57,930 | 57,970 | 58,574 | 59,085 | 59,223 | 58,649 | 59,857 | 59,829 | 59,411 | 59,029 | -385 |
| Unemployment | 2,601 | 2,426 | 2,231 | 2,348 | 2,111 | 2,013 | 1,920 | 2,127 | 2,075 | 2,076 | 1,877 | 2,286 | -315 |
| Unemployment Rate | 4.20% | 4.00% | 3.70% | 3.90% | 3.50% | 3.30% | 3.10% | 3.50% | 3.40% | 3.40% | 3.10% | 3.70% | -0.50% |
| Description | Jul-16 | Aug-16 | Sept-16 | Oct-16 | Nov-16 | Dec-16 | Jan-17 | Feb-17 | Mar-17 | Apr-17 | May-17 | June-17 | July-17 | YTD FY17 | YTD FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
City Use Tax Collections* |
$311,109 | $341,739 | $243,557 | $266,344 | $312,524 | $255,104 | $348,259 | $332,879 | $264,489 | $257,088 | $364,547 | $334,906 | $355,975 | $3,632,581 | $355,975 |
| City Sales Tax Collections* | $5,833,397 | $6,065,220 | $6,025,740 | $6,532,529 | $6,156,169 | $5,963,744 | $6,373,415 | $6,513,883 | $5,469,242 | $6,148,742 | $6,064,661 | $5,982,538 | $6,158,719 | $73,468,552 | $6,158,719 |
| Construction Activity Summary | Jun-16 | Jul-16 | Aug-16 | Sept-16 | Oct-16 | Nov-16 | Dec-16 | Jan-17 | Feb-17 | Mar-17 | Apr-17 | May-17 | Jun-17 | Jan-Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| New Family Residential: | ||||||||||||||
| Number of Permits | 42 | 33 | 54 | 32 | 40 | 28 | 35 | 30 | 22 | 28 | 33 | 37 | 50 | 200 |
| Total Construction Value | $9,682,501 | $7,043,249 | $36,820,567 | $8,562,265 | $9,474,862 | $7,284,703 | $9,784,697 | $6,884,350 | $6,007,035 | $7,484,600 | $7,250,511 | $8,004,496 | $11,950,810 | $47,581,802 |
| New Non‐Residential: | ||||||||||||||
| Number of Permits | 15 | 17 | 20 | 9 | 11 | 6 | 3 | 2 | 3 | 4 | 8 | 5 | 9 | 31 |
| Total Construction Value | $3,650,200 | $2,356,500 | $18,334,587 | $22,306,465 | $13,259,755 | $2,246,955 | $3,650,000 | $4,657,174 | $3,982,500 | $738,650 | $5,126,795 | $1,121,000 | $4,002,000 | $19,628,119 |