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Oklahoma’s Jobless Rate Holds Steady

Innovate Impact Media
Flickr Creative Commons

Oklahoma’s unemployment rate remained steady in June, hovering at 4.3 percent.

As The Oklahoman reports, analysts believe this is not a sign of stagnation, but rather an indication that the state’s economic woes are on the upswing. Lynn Gray, the director of research and analysis at the Oklahoma Employment Security Commission, said Oklahoma’s jobless rate has been stable for several months, and the state is seeing increases on the payroll side.

Data collected from state employers showed 3,700 workers added to Oklahoma payrolls in June. Unless the jobless numbers are revised, June will mark the fourth consecutive month that unemployment has remained at the level of 4.3 percent.

The Oklahoma rate is one percentage point lower than the U.S. rate, which is 4.4 percent. The U.S. rate has fallen one point since May.