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*Mar-16Apr-16May-16June-16Jul-16Aug-16Sept-16Oct-16Nov-16Dec-16Jan-17Feb-17Mar-17Change
Labor Force 62,045 61,480 61,128 62,015 61,272 60,161 60,318 60,685 61,098 61,143 60,776 61,932 61,905 -140
Employment 60,120 59,687 59,058 59,414 58,846 57,930 57,970 58,574 59,085 59,223 58,649 59,857 59,829 -291
Unemployment 1,925 1,793 2,070 2,601 2,426 2,231 2,348 2,111 2,013 1,920 2,127 2,075 2,076 151
Unemployment Rate 3.10% 2.90% 3.40% 4.20% 4.00% 3.70% 3.90% 3.50% 3.30% 3.10% 3.50% 3.40% 3.40% 0.30%
*Source: U.S. Dept. of Labor
DescriptionJun-16Jul-16Aug-16Sept-16Oct-16Nov-16Dec-16Jan-17Feb-17Mar-17Apr-17May-17June-17YTD

City Use Tax Collections*

$318,696 $311,109 $341,739 $243,557 $266,344 $312,524 $255,104 $348,259 $332,879 $264,489 $257,088 $364,547 $3,957,492
City Sales Tax Collections* $6,419,344 $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 $79,738,755
*By SIC Code for the City of Norman - Source: Oklahoma Tax Commission
Construction
Activity
Summary
May -16Jun-16Jul-16Aug-16Sept-16Oct-16Nov-16Dec-16Jan-17Feb-17Mar-17Apr-17May-17YTD 2016YTD 2017
New Family Residential:
Number of Permits 74 42 33 54 32 40 28 35 30 22 28 33 37 231 150
Total Construction Value $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 $6,007,035 $7,484,600 $7,250,511 $8,004,496 $109,242,995 $35,630,992
New Nonā€Residential:
Number of Permits 13 15 17 20 9 11 6 3 2 3 4 8 5 91 22
Total Construction Value $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 $3,982,500 $738,650 $5,126,795 $1,121,000 $47,440,176 $15,626,119