economy

Shoppers lining up at the Chadstone Shopping Centre just outside Melbourne, Australia - December 26, 2007.
avlxyz / Flickr

The United Kingdom and many Commonwealth countries typically celebrate Boxing Day every December 26. The tradition of giving servants and tradespeople a "Christmas box" of food and gifts from their employers dates back to the Middle Ages.

In South Africa, the holiday was officially renamed the Day of Goodwill in 1994. But in other European countries, December 26 is celebrated as "Second Christmas Day" - an entirely different holiday.

Kate Hiscock / Flickr Creative Commons

State officials say Oklahoma's unemployment rate dipped to 4.4 percent last month.

The Oklahoma Employment Security Commission reported Friday that November's unemployment rate showed a slight decrease from October's rate of 4.5 percent. Meanwhile, the U.S. unemployment rate held steady at 5.8 percent.

Over the year, the state's seasonally adjusted unemployment rate was down by 1.1 percentage points.

CALI2OKIE / Flickr (Creative Commons)

Lower oil prices are raising new financial worries in Oklahoma and other states that rely on oil taxes to pay for roads and other government services.

With oil prices around a five-year low, budget officials in about a half-dozen states have begun paring back projections for a continued gusher of revenues. Spending cuts have started in some places, and more reductions could be necessary if oil prices remain at lower levels during the coming year.

Oklahoma State University economist Dan Rickman
Oklahoma State University

Oklahoma will continue to see job growth in 2015, even if lower energy prices slow those increases, Oklahoma State University economist Dan Rickman said Tuesday.

Speaking at the 2015 Oklahoma Economic Outlook Conference, which is hosted by the OSU Center for Applied Economic Research at the university’s Spears School of Business, Rickman forecast over 30,000 jobs will be added to the Oklahoma workforce during the 12-month period beginning Jan. 1.

The majority of the jobs, he said, are expected to be in administrative and support services and durable goods manufacturing. More than 5,000 new jobs are projected to be created in each sector, according to Rickman.

Left-to-right: Economists Robert Dauffenbach, Russell Evans, Mickey Hepner, and Dan Rickman during a panel discussion moderated by Oklahoma City advertising executive Rhonda Hooper
Carrie Snodgrass / Greater Oklahoma City Chamber

Several economists praised Oklahoma's metro areas as engines of growth, but criticized state leaders for failing to plan for the long term.

Miran Rijavec Stan Dalone / Flickr.com

A monthly economic survey index for nine Midwestern and Plains states suggests economic growth in the region will slow down in the months ahead.

A survey report issued Wednesday says the overall September index dropped nearly three points to 54.3, from 57.2 the previous month.

Creighton University economist Ernie Goss, who oversees the survey, says a drop in grain prices over the past year has led to a pullback in economic activity for the heavily agrarian region.

Oklahoma Policy Institute

  

Education is a core service of Oklahoma’s state government, is woefully underfunded, and will cost the state future jobs if not addressed soon.

That’s the message of some panelists convened by the Oklahoma Policy Institute last month, which discussed Oklahoma’s burgeoning fiscal challenges.

Growth Is 'Goal' For Metro Soccer Programs

Sep 5, 2014
A member of the Rose State College Raiders women's soccer team goes in for the kick.
Kenneth Beachler / Rose State College

Rose State College recently established both men’s and women’s soccer teams, hoping to kick off new interest in their college.

Called the “Raiders,” named for daring, barn-storming World War II bomber pilots; the teams compete in Division I, Region II of the National Junior College Athletic Association. But they also hope to garner interest in the college in the hearts and minds of would-be students and their parents.

Daniel Hurst Photography / Flickr.com

A monthly economic survey index for nine Midwestern and Plains states has slumped after hitting a three-year high a month earlier.

A report issued Friday says the overall Mid-America Business Conditions Index dropped more than 3½ percentage points in July, to 57.0. The index had risen slightly in June, to 60.6.

Looking six months ahead, the business confidence portion of the overall index also declined. It hit 60.0 last month, compared with 63.6 in June.

Oklahoma Ranks Fourth In 2013 Real GDP Growth

Jun 11, 2014
geralt / Creative Commons

Oklahoma ranked fourth in real gross domestic product growth in 2013, according to new data released Wednesday by the Bureau of Economic Analysis.

Oklahoma’s real gross domestic product grew 4.2 percent in 2013. That was behind only North Dakota, 9.7 percent; Wyoming, 7.6 percent; and West Virginia, 5.1 percent.

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