The Norman Transcript

Opinion

November 21, 2009

Oklahoma's job gains nation's fourth highest

Oklahoma added nearly 9,000 jobs in October, a good sign that the economy may be turning around. It was the fourth highest in the country and the gains came mostly in professional and business services, education and health care.

More than half of the states added jobs but some economists say many of those paychecks are temporary and could go away if the economy falters. Oklahoma's unemployment rate rose from 6.8 percent to 7.1 percent, well below the 10.2 national average.

Employers usually put on temporary workers first, then make those hires permanent if revenues hold. The temporary hires in other states seem to be related to the auto sector. Companies hired back workers to accommodate the surge in sales brought on by the cash for clunkers program.

The Associated Press said some of the gains also were in sectors which have fared relatively well during the recession. By contrast, there's little evidence that companies in hard-hit industries are hiring permanent staff.

Twenty-eight states added jobs last month. That compares to seven in September and eight in August. October's gains were the largest number to record increases since 33 states did so in February 2008.

Economists say gains in the financial sector and housing starts are good indicators the recession may be ending but job growth outside of government employment and retail sales are the best predictors of future stability.

Text Only
Opinion
  • More government intrusion

    Editor, The Transcript: Kudos to Kathryn Jean Lopez of the National Review Online for telling it like it is (Transcript Opinion, Feb. 12, 2012) regarding President Obama’s religious “overreach.” No, Mr. President, your latest knee-jerk ...

    February 15, 2012

  • Say no to power expansion

    A heated House committee meeting last week ended in a 6-5 vote to send a bill to the floor that gives the governor power to remove and replace appointees to state agencies, boards or commissions....

    February 15, 2012

  • Focus should be on water policy legislation

    Oklahoma legislative leaders are pushing ahead on water policy legislation, despite the water rights lawsuit filed by American Indian tribes. We applaud Speaker Kris Steele on pushing the water proposals filed by House members....

    February 15, 2012

  • Trooper replacements needed for state’s OHP

    Oklahoma’s Highway Patrol has 759 troopers, with 210 eligible to retire and another 26 becoming eligible this year. They certainly won’t all choose to retire at once, but the possibility worries patrol officials. Troop strength is the ...

    February 14, 2012

  • It’s time for Valentine’s Day

    If it’s full of hearts and flowers And a cupid with a dart, That’s a card that’s mighty pretty and aimed right for your heart....

    February 14, 2012

  • Oklahoma going from good to great

    As most other states struggle to maintain the status quo, Oklahoma is on the rise as a destination to do business and raise a family. Our state added more than 40,000 jobs in the past year, the economy is growing and unemployment remains ...

    February 14, 2012

  • A reprieve for state bases

    The Pentagon has released its plans to downsize its forces and eliminate some weapons systems funding, ships and airplanes. But a published report says the state’s five military bases will likely be spared major cuts....

    February 14, 2012

  • Gov. Fallin’s tax plan is one big mistake

    Editor, The Transcript: Well, it’s official now. In her State of the State message, Gov. Fallin confirmed that she hopes to reduce the state income tax now and totally eliminate it later. Big mistake, for two compelling reasons....

    February 13, 2012

  • Another Library Vote? Good grief!

    Editor, The Transcript A new library on the west side? With hardly any books? With a dumb name above the entry as shown in your rendering? Infoplace? The library bureaucracy must think Norman voters just fell off the turnip truck....

    February 12, 2012

  • Show them some love

    Oklahoma joins bus drivers and riders throughout the nation in the “Love the Bus” campaign to raise awareness and appreciation for the thousands of school bus drivers and aides who safely transport children to and from school each day....

    February 12, 2012

The Business Marquee
Helium debate
Helium
Facebook