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OK Economy Going Strong for Christmas

Filed by Michael Cross in Feature, Local News, News, Politics.
December 1, 2011

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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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