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*June-16Jul-16Aug-16Sept-16Oct-16Nov-16Dec-16Jan-17Feb-17Mar-17Apr-17May-17Change
Labor Force 62,015 61,272 60,161 60,318 60,685 61,098 61,143 60,776 61,932 61,905 61,288 61,315 -700
Employment 59,414 58,846 57,930 57,970 58,574 59,085 59,223 58,649 59,857 59,829 59,411 59,029 -385
Unemployment 2,601 2,426 2,231 2,348 2,111 2,013 1,920 2,127 2,075 2,076 1,877 2,286 -315
Unemployment Rate 4.20% 4.00% 3.70% 3.90% 3.50% 3.30% 3.10% 3.50% 3.40% 3.40% 3.10% 3.70% -0.50%
*Source: U.S. Dept. of Labor
DescriptionJul-16Aug-16Sept-16Oct-16Nov-16Dec-16Jan-17Feb-17Mar-17Apr-17May-17June-17July-17YTD FY17YTD FY18

City Use Tax Collections*

$311,109 $341,739 $243,557 $266,344 $312,524 $255,104 $348,259 $332,879 $264,489 $257,088 $364,547 $334,906 $355,975 $3,632,581 $355,975
City Sales Tax Collections* $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 $5,982,538 $6,158,719 $73,468,552 $6,158,719 
*By SIC Code for the City of Norman - Source: Oklahoma Tax Commission
Construction
Activity
Summary
Jun-16Jul-16Aug-16Sept-16Oct-16Nov-16Dec-16Jan-17Feb-17Mar-17Apr-17May-17Jun-17Jan-Jun 2017
New Family Residential:
Number of Permits 42 33 54 32 40 28 35 30 22 28 33 37 50 200
Total Construction Value $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 $11,950,810 $47,581,802
New Nonā€Residential:
Number of Permits 15 17 20 9 11 6 3 2 3 4 8 5 9 31
Total Construction Value $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 $4,002,000 $19,628,119