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-18 | Jul-18 | Aug-18 | Sep-18 | Oct-19 | Nov-19 | Dec-19 | Jan-19 | Feb-19 | Mar-19 | Apr-19 | May-19 | Jun-19 | Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
| Description | Sep-18 | Oct-18 | Nov-18 | Dec-18 | Jan-19 | Feb-19 | Mar-19 | Apr-19 | May-19 | Jun-19 | Jul-19 | Aug-19 | Sep-19 | Fiscal 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 |
| Construction Activity Summary | Jul-18 | Aug-18 | Sep-18 | Oct-18 | Nov-18 | Dec-18 | Jan-19 | Feb-19 | Mar-19 | Apr-19 | May-19 | Jun-19 | Jul-19 | Fiscal 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 Non‐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 |