OK Economy Going Strong for Christmas
Filed by Michael Cross in Feature, Local News, News, Politics.
December 1, 2011
Oklahoma is heading into the holiday season with the economy moving in the right direction.
State Treasurer Ken Miller says consumer confidence in Oklahoma is strong, and even a slight increase in the unemployment rate is good news.
Miller says 2,200 jobs were created last month, but the labor force increase by almost six-thousand.
“That’s why we see the slight uptick to 6.1% for the unemployment rate, when the labor force grows that’s telling us that people are coming back in because they’re feeling more confident about getting a job.”
He says revenue collections jumped more than 13% above November of last year, marking the fourth double digit jump in the past seven months.
He says increased consumer confidence in the state and country means a very Merry Christmas for retailers in Oklahoma.
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