Oklahoma City, OK

Oklahoma City Metro Area industry wages have increased by 25.3% percent since 2001

2007-03-19T01:29:00.000-07:00

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From the second quarter of 2001 to the second quarter of 2006, industry wages have increased in the Oklahoma City Metro Area by a total of 25.3%. This is greater than the growth in average industry wages for Oklahoma and greater than the growth in average wages for the US.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Oklahoma City Metro Area Industry Wages Exceed Oklahoma, but Wages Lag Behind the United States Industry Wages

2007-02-27T22:33:00.000-08:00

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The overall industry wages in Oklahoma City, OK can be understood as being medium-high when compared to other 2nd quarter of 2006 Metro Area wages throughout the nation. The average pay is 2 percent higher than the reported averages in the state of $32,677. The average pay was less than the US average pay of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Oklahoma City Five-Year Industry Employment Change

2007-02-11T14:03:00.000-08:00

Total Five-Year Employment Growth in the Oklahoma City Metro Area

From the industries (4-digit NAICS) in the area, the Full-service restaurants industry has grown the most with 3,270 new jobs created in the period. The job growth in the Full-service restaurants industry makes up 34.2 percent of the growth in Oklahoma City.

Top 4 Industries
1. Full-service restaurants (3,270 new jobs)
2. Building finishing contractors (1,081 new jobs)
3. Residential building construction (822 new jobs)
4. Services to buildings and dwellings (781 new jobs)

Total Five-Year Employment Decline in the Oklahoma City Metro Area

The Depository credit intermediation industry has lost the most employment with a total loss of 237 jobs. The declines in the Depository credit intermediation industry make up 55.5 percent of the total employment decline in Oklahoma City, OK.

Top 5 Industries
1. Depository credit intermediation (237 jobs lost)
2. Nonresidential building construction (136 jobs lost)
3. Health and personal care stores (50 jobs lost)
4. Automobile dealers (4 jobs lost)
5. Other fabricated metal product manufacturing (93 jobs lost)

In the Oklahoma City, OK metro area, the entire sum of jobs in all of the industries has increased by 9,482 jobs between mid-2001 and mid-2006.

Given the 16 industries with industry data reported by the BLS in each quarter, 4 showed an escalation in the number employed, while 12 industry sectors reported declines during the time period.

The Oklahoma City Metro Area: Five-Year Percentage Growth in Employment

The Building finishing contractors industry has witnessed the largest percentage of employment expansion, increasing by 41.8 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Oklahoma City has added employment faster than the growth seen in the industry for Oklahoma, where the industry felt a gain of 27.4 percent. The Building finishing contractors industry in Oklahoma City outpaced the US in terms of percent growth of industry employment. During this period, the US gained 17.4 percent in this industry.

Top 5 Industries
1. Building finishing contractors (41.8 percent gain)
2. Residential building construction (39.3 percent gain)
3. Other professional and technical services (30.4 percent gain)
4. Accounting and bookkeeping services (18.3 percent gain)
5. Full-service restaurants (17.9 percent gain)

The Oklahoma City Metro Area: Five-Year Percentage Decline in Employment

The Nonresidential building construction industry has lost the largest amount of employment in terms of percentage, losing 4.5 percent of the jobs from the 2nd quarter of 2001 to 2nd quarter of 2006. The losses of the area have declined slower than the industry has seen in the Oklahoma, where the industry reported a loss of 9.7 percent. The losses in the Nonresidential building construction industry in Oklahoma City outpaced the US in terms of percent of decline of industry employment. The US lost 1.6 percent in terms of employees in the Nonresidential building construction industry.

Top 3 Industries
1. Nonresidential building construction (4.5 percent decline)
2. Depository credit intermediation (3.1 percent decline)
3. Health and personal care stores (1.4 percent decline)

Total industry employment has increased by 2.2 percent since the 2nd Quarter figures of 2001. This change is greater than growth in the State of Oklahoma, which experienced a gain of 0.7 percent from the 2nd Quarter of 2001. The gains felt were less than than the gain reported at the US level of 2.6 percent.

Oklahoma City One-Year Industry Employment Change

2007-01-24T17:03:00.000-08:00

Total One-Year Employment Growth in the Oklahoma City Metro Area

Of the industries (4-digit NAICS) in the area, the Building equipment contractors industry has grown the most with 499 new jobs created in the period. The job growth in the Building equipment contractors industry makes up 5.1 percent of the total number of new jobs in Oklahoma City.

Top 5 Industries
1. Building equipment contractors (499 new jobs)
2. Accounting and bookkeeping services (440 new jobs)
3. Limited-service eating places (430 new jobs)
4. Misc. nondurable goods merchant wholesalers (424 new jobs)
5. Sporting goods and musical instrument stores (400 new jobs)

Of the 147 industries with industry data reported by the BLS in each quarter, 53 described an expansion of jobs throughout the time period, while 93 industry sectors accounting for employment declines during that time period.

Total One-Year Employment Decline in the Oklahoma City Metro Area

Of the area's industries (4-digit NAICS), the Motor vehicle parts manufacturing industry has lost the most employment with a total loss of 1,019 jobs during the time period. The jobs lost in the Motor vehicle parts manufacturing industry make up 17.0 percent of the total job loss in Oklahoma City, OK.

Top 5 Industries
1. Motor vehicle parts manufacturing (1,019 jobs lost)
2. Nursing care facilities (681 jobs lost)
3. Insurance agencies, brokerages, and related (514 jobs lost)
4. Electric goods merchant wholesalers (380 jobs lost)
5. Office supplies, stationery, and gift stores (301 jobs lost)

In the Oklahoma City, OK metro area, the aggregate employment for all industry sectors has increased by 10,542 jobs between mid-2005 and mid-2006.

Total employment has increased by 2.5 percent since the 2nd Quarter figures of 2005. This change is less than growth in Oklahoma, experiencing a gain of 3 percent since 2005 ( 2nd Quarter). The gains were greater than than the gain experienced overall in the US of 2 percent.

The Oklahoma City Metro Area: One-Year Percentage Decline in Employment

The Pharmaceutical and medicine manufacturing industry has lost the largest percent of jobs, losing 42.5 percent of the jobs from 2005 to 2006. These have declined faster than the industry sector has gone through in the Oklahoma, where the it saw a loss of 30.1 percent. The losses in the Pharmaceutical and medicine manufacturing industry in Oklahoma City outpaced the losses of nation as a whole in the industry. In this time period, the nation gained 0.5 percent in terms of employment in the Pharmaceutical and medicine manufacturing industry.

Top 5 Industries
1. Pharmaceutical and medicine manufacturing (42.5 percent decline)
2. Motor vehicle parts manufacturing (34.6 percent decline)
3. Electronic shopping and mail-order houses (30.7 percent decline)
4. Electric goods merchant wholesalers (28.7 percent decline)
5. Sound recording industries (23 percent decline)

The Oklahoma City Metro Area: One-Year Percentage Growth in Employment

The Other crop farming industry has gone through the largest job growth by percent, increasing by 59.7 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Oklahoma City has grow faster than the overall industry growth seen in the State of Oklahoma, where the industry took a gain of 19.1 percent. The Other crop farming industry in Oklahoma City outpaced the national average, which felt a lost 2.9 percent in this industry.

Top 5 Industries
1. Other crop farming (59.7 percent gain)
2. Electrical equipment manufacturing (54.3 percent gain)
3. Spectator sports (39.6 percent gain)
4. Coating, engraving, and heat treating metals (35.5 percent gain)
5. Aerospace product and parts manufacturing (33.7 percent gain)

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Oklahoma City, OK

2007-01-11T17:25:00.000-08:00

Hispanic in Oklahoma City, OK reported a median household income of $33,798, this income level is 21.5 percent less than the median reported for all households in the area. In Oklahoma City, OK White householders had a median household income (in 2005 Dollars) of $46,240 as reported in 2000 by the census, which was 7.4 percent greater than the median household income in 2000. The Asian householders in the area have reported their median household incomes at $38,454. This income level is 10.7 percent less than the all households reported median in the area. The American Indian and Alaska Native householders in Oklahoma City had a median household income level of $35,596, this was 17.3 percent less than the areas median level for all households. Black or African American headed households had median income levels that were 31.6 percent less than the overall median reported in 2000, with a reported median of $29,458.

The household income has declined from the 2000 values (inflation adjusted). The median income has decreased to $40,058, representing a 7 percent decline. The Oklahoma City, OK MSA, when analyzing percentage of decline, ranks 2 of 2 metro area in percent of decline for median household income in the State of Oklahoma. Oklahoma City ranks 139 of 233 metro area when comparing total percent of decline in median income level for the United States.

While household income level experienced a decline during the period of 2000 to 2005 in the Oklahoma City, OK metro area, the Race/Ethnicity category that felt the biggest decline in median household income was the Hispanic category. This category saw a decline of 29 percent from 2000 to 2005. The American Indian and Alaska Native population category was least influenced by the median household income decline in Oklahoma City, undergoing a 20 percent increase in household income level, since the year 2005.

Contrasted against to other Metropolitan Areas throughout the US, the Oklahoma City metro area may be understood as having a medium-high rate of poverty among the people, accounting a rate of 13.5 percent with a family income under the 1999 poverty level. The Black or African American race/ethnicity population cohort, has the uppermost poverty rate with 28.6 percent of the 2000 residents living in poverty. People aged Under 5 years are experiencing most percent people in poverty in Oklahoma City, accounting 21.4 percent of this demographic group living with incomes under poverty.

The poverty rate in the Oklahoma City, OK Metro has increased by 2.1 percent since the 2000 rates, moving from 13.5 percent to 15.6 percent.

Compared to Metro Areas across the United States, the Oklahoma City metro area had a medium-low median income for households of $43,052 (2005 Dollars). The income level is 9.2 percent higher than the household income median in State of Oklahoma of $39,078 and this is 14.1 percent lower than the median in the US, which is $49,133.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Higher Education in the Oklahoma City, OK Metro Area

2006-12-19T21:30:00.000-08:00

In the Oklahoma City, OK Metro Area according the 2005 American Community Survey, 29 percent of the White Alone, 17.2 percent of Black or African American, 43.4 percent of the Asian alone and 12 percent of the Hispanic or Latino population, over the age 25, has achieved at least a Bachelors Degree.

In 2005, the American Community Survey reported that in the Oklahoma City, OK Metro Area, the most common level of education achieved in the area for the male population is the Some College or Associates Degree category, with 32 percent achieving this level. The female population in the Oklahoma City metro area on average have achieved a lower level of higher education (Bachelors or Higher) than men; 28.8 percent (Men) versus 25.4 percent (Women). The largest educational attainment category for women is Some College or Associates Degree category, with 32.6 percent of the female population achieving this education level.

From 2000, the Oklahoma City metro area has increased in the population percent with a Bachelors of Higher. This population percent has grown by 2.6 percent to a total of 27 percent in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is greater than the State of Oklahoma percent of 22.4 and less than the national percent of 27.2.

From the years 2000 to 2005, the proportion of the male population that could be considered highly educated has increased by 1.8 percent. As reported in 2005, 28.8 percent of area's male population, over the age 25, achieved a Bachelors Degree or Higher. At the same time, the percent of women, over the age 25, holding at least a Bachelors Degree has increased by a total of 3.0 percent. By the year 2005, a total of 25.4 percent of the female population had achieved this level of education.

Oklahoma City, OK Metro Area can be considered to have a moderately-educated population of the working age, with 27 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2005 American Community Survey. The Oklahoma City MSA was reported to have a higher percent of highly educated individuals than the State of Oklahoma's proportion of 22.4 percent and a lower percent than the national average of 27.2 percent.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Oklahoma City, OK

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When calculating the total land area, the Oklahoma City metro area encompasses a total area of 5518 square miles. The MSA has a medium-high population density of 210 persons per square mile, in 2005. Other US metro areas with similar densities include: -- more densely populated -- Ithaca (210 per sq. mile ), Panama City-Lynn Haven (212 per sq. mile ), Johnstown (215 per sq. mile ), -- less densely populated -- Dalton (208 per sq. mile ), Goldsboro (207 per sq. mile ), Birmingham-Hoover (206 per sq. mile ).

Since the year 2000, a high number of individuals have migrated into the Oklahoma City metro area, with 16,853 people migrating in internationally. The international migration into Oklahoma City accounts for 46.1 percent of the total international migration into the State of Oklahoma. This amount of international migration is high when analyzed against the base population in the year 2005 and compared to other metro areas across the US.

In the year 2005, the U.S. Census Bureau estimates the median age in the Oklahoma City metro area to be 35.1 years old. The median age in Oklahoma City is less than the median age in Oklahoma of 36.5. Since the year 2000, the area has seen an increase in the median, when the median age was 34.1 years of age. With a total of 19.1 percent of the population in 2005 being comprised of children and youth younger than 18, Oklahoma City can be understood as having a medium-high proportion of youths. The 18 to 64 years old population group has a medium-high representation within the estimated 2005 area population, making up 62.8 percent of the population falling in this age category. The retirement (65 and over) group makes up 12.3 percent of the population. When compared to other metro areas in the United States, this represents a medium-low proportion of the population.

The Oklahoma City metropolitan statistical area (MSA) has a population that is comprised of 71.3 percent White, 10.5 percent African American, 2.7 percent Asian, and 8.5 percent Hispanic. The area population base can be described as having a high level of diversity, with 21.7 percent of the population made up of minorities. This is greater than the State of Oklahoma percent of 15.7. Since 2000, Oklahoma City has increased the level of diversity when 19.7 percent of the total population were minorities.

The Oklahoma City metro area had a population of 1,156,812 in the year 2005. The population has increased sharply, from the population in the year 2000 of 1,097,768. This growth denotes an increase of 5.4 percent. Oklahoma City ranks 1 of 3 MSAs when calculating total change in population for Oklahoma and the metro area ranks 45 of 361 metro areas when analyzing total MSA population change across the nation.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Oklahoma City

2006-11-11T21:05:00.000-08:00

In the State of Oklahoma, Oklahoma City ranks 1 of the 3 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 177 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

In Oklahoma City, the U.S. Census Bureau, Population Division accounted for a total of 506,153 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding all together 27,345 housing units since the year 2001, or 5.7 percent.

The residential home values in Oklahoma City, Oklahoma have seen large increases since their reported values in 2000. The values have increased by $23,600, or 29.9 percent, since 2000 when their medians were reported to be $79,000.

Oklahoma City recorded median owner-occupied home value in the year 2005 of $102,600, according to the American Community Survey. This home value is greater than the State of Oklahoma 2005 median home value of $89,100 and less than home value of $167,500 for the rest of the nation in that year.

It can be understood that there is a large amount of affordable housing in Oklahoma City, Oklahoma. In 2005, 62.9 percent of owner-occupied dwellings were valued under $125k.

Oklahoma City is made up of a medium proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 1.4 percent of the homes were valued over $500,000.

Data Source: U.S. Census Bureau

Employment Report for Oklahoma City, Oklahoma -- Annual 2005 Industry Summary

2006-11-05T01:44:00.000-08:00

A high-wage industry in Oklahoma City is the finance and insurance industry with an average annual wage of $42,351. Locally, since the year 2001, the industry annual average pay has grown by 20.5 percent or $7,191. The State of Oklahoma has a different economic condition in the finance and insurance industry, ranking in the middle of industries in terms of 2004 annual average wages.

In Oklahoma City, Real estate and rental and leasing, Administrative and waste services and Accommodation and food services industries, in terms of United States location quotient, are the most dominant in the region. The Real estate and rental and leasing industry has an LQ of 1.38. This means the percent of total employment in the Real estate and rental and leasing sector is 1.38 times greater than the US average, showing signs that Oklahoma City produces more than its local requirement of products and/or services of Real estate and renta

In Oklahoma City, Retail Trade, Health care and social assistance, and the Accommodation and food services industries have the largest percent of jobs of all industries. The Retail Trade provides the most jobs and contributes 14.5 percent of all jobs throughout the region, totaling 61,522 employees. The Health care and social assistance and Accommodation and food services industries make up 14.3 and 11.4 percent of industry employment.

Construction saw the biggest increase in jobs since the year 2001 in Oklahoma City, with an employment growth of 8 percent. This is greater than the national employment change in the industry of 7.3 percent. The State of Oklahoma encountered a change in industry employment of 0.4 percent, in the recent period of 2001-2005.

Management of companies and enterprises has the largest employers in Oklahoma City Metro Area. The industry averages 40 workers per each place of employment, being less than the industry's average at the national level of 40 and greater than the Oklahoma establishments size average of 34 for the Management of companies and enterprises industry.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).