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-16 | Dec-16 | Jan-17 | Feb-17 | Mar-17 | Apr-17 | May-17 | Jun-17 | Jul-17 | Aug-17 | Sep-17 | Oct-17 | Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Description | Dec-16 | Jan-17 | Feb-17 | Mar-17 | Apr-17 | May-17 | June-17 | July-17 | Aug-17 | Sep-17 | Oct-17 | Nov-17 | Dec-17 | YTD FY17 | YTD 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 |
| Construction Activity Summary | Nov-16 | Dec-16 | Jan-17 | Feb-17 | Mar-17 | Apr-17 | May-17 | Jun-17 | Jul-17 | Aug-17 | Sep-17 | Oct-17 | Nov-17 | Jan-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 |