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*Sept-15Oct-15Nov-15Dec-15Jan-16Feb-16Mar-16Apr-16May-16Jun-16Jul-16Aug-16Sept-16Change
Labor Force 62,229 62,768 62,986 62,508 61,388 61,646 62,045 61,480 61,128 62,015 61,272 60,161 60,318 -1,911
Employment 60,429 60,986 61,202 60,917 59,570 59,622 60,120 59,687 59,058 59,414 58,846 57,930 57,970 -2,459
Unemployment 1,800 1,782 1,784 1,591 1,818 2,024 1,925 1,793 2,070 2,601 2,426 2,231 2,348 548
Unemployment Rate 2.90% 2.80% 2.80% 2.50% 3.00% 3.30% 3.10% 2.90% 3.40% 4.2% 4.00% 3.70% 3.90% 1.00%
*Source: U.S. Dept. of Labor
DescriptionOct-15Nov-15Dec-15Jan-16Feb-16Mar-16Apr-16May-16Jun-16Jul-16Aug-16Sept-16Oct-16YTD

City Use Tax Collections*

$287,110 $250,743 $291,193 $326,287 $257,982 $257,063 $275,178 $341,120 $318,696 $311,109 $341,739 $243,557 $266,344 $3,768,121
City Sales Tax Collections* $5,867,922 $5,468,016 $5,589,387 $6,093,885 $5,808,190 $5,825,945 $6,213,977 $6,419,344 $5,833,397 $6,065,220 $6,025,740 $6,172,668 $6,532,529 $77,916,220
*By SIC Code for the City of Norman - Source: Oklahoma Tax Commission
Construction
Activity
Summary
Sep-15Oct-15Nov-15Dec-15Jan-16Feb-16Mar-16Apr-16May-16Jun-16Jul-16Aug-16Sept-16YTD 2015YTD 2016
New Family Residential:
Number of Permits 51 45 38 26 53 25 30 42 74 42 33 54 32 392 392
Total Construction Value $12,548,347 $9,672,734 $10,016,392 $6,689,416 $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 $171,351,577 $111,399,506
New Nonā€Residential:
Number of Permits 6 10 6 9 15 28 25 10 13 15 17 20 9 58 152
Total Construction Value $1,920,000 $10,306,015 $10,205,678 $2,423,000 $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 $27,246,394 $94,087,928