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*Jan-16Feb-16Mar-16Apr-16May-16Jun-16Jul-16Aug-16Sept-16Oct-16Nov-16Dec-16Jan-17Change
Labor Force 61,388 61,646 62,045 61,480 61,128 62,015 61,272 60,161 60,318 60,685 61,098 61,143 61,143 -245
Employment 59,570 59,622 60,120 59,687 59,058 59,414 58,846 57,930 57,970 58,574 59,085 59,223 59,223 -347
Unemployment 1,818 2,024 1,925 1,793 2,070 2,601 2,426 2,231 2,348 2,111 2,013 1,920 1,920 102
Unemployment Rate 3.00% 3.30% 3.10% 2.90% 3.40% 4.20% 4.00% 3.70% 3.90% 3.50% 3.30% 3.10% 3.10% 0.10%
*Source: U.S. Dept. of Labor
DescriptionMar-16Apr-16May-16Jun-16Jul-16Aug-16Sep-16Oct-16Nov-16Dec-16Jan-17Feb-17YTD

City Use Tax Collections*

$257,063 $275,178 $341,120 $318,696 $311,109 $341,739 $243,557 $266,344 $312,524 $255,104 $348,295 $332,879 $3,603,609
City Sales Tax Collections* $5,825,945 $6,213,977 $6,419,344 $5,833,397 $6,065,220 $6,025,740 $6,172,668 $6,532,529 $6,156,169 $5,963,744 $6,373,415 $6,513,883 $74,096,031
*By SIC Code for the City of Norman - Source: Oklahoma Tax Commission
Construction
Activity
Summary
Jan-16Feb-16Mar-16Apr-16May-16Jun-16Jul-16Aug-16Sep-16Oct-16Nov-16Dec-16Jan-17YTD 2016YTD 2017
New Family Residential:
Number of Permits 53 25 30 42 74 42 33 54 32 40 28 35 30 53 30
Total Construction Value $19,352,194 $37,987,213 $7,598,347 $9,800,758 $10,845,345 $9,682,501 $7,043,249 $36,820,567 $8,562,265 $9,474,862 $7,284,703 $9,784,697 $6,884,350 $19,352,194 $6,884,350
New Nonā€Residential:
Number of Permits 15 28 25 10 13 15 17 20 9 11 6 3 2 15 3
Total Construction Value $6,106,400 $6,948,823 $23,454,279 $4,894,437 $6,036,237 $3,650,200 $2,356,500 $18,334,587 $22,306,465 $13,259,755 $2,246,955 $3,650,000 $4,657,174 $6,106,400 $3,650,000