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economy

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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.

A monthly economic index for nine Midwestern and Plains states has inched up to hit another three-year high, suggesting more economic growth over the next three to six months.

A report issued Monday says the overall Mid-America Business Conditions Index rose to 60.5 in May from 60.4 in April, which also was a three-year high.

Looking six months ahead, the business confidence portion of the overall index dropped to 62.5 from 64.2 in April.

Gov. Mary Fallin delivers the 2014 State of the State address as Lt. Gov. Todd Lamb and House Speaker T.W. Shannon (R-Lawton) look on - February 3, 2014.
Joe Wertz / StateImpact Oklahoma

Gov. Mary Fallin is proposing a .25 percent reduction in Oklahoma's income tax rate.

Fallin made the proposal Monday while delivering her State of the State address at the start of the 2014 Oklahoma Legislature.

A hand grabs for currency.
Steve Wampler / Flickr.com

A monthly economic report suggests supply managers surveyed in nine Midwestern and Plains states are optimistic about the regional economy over the next six months.

The confidence index for the Mid-America Business Conditions Index jumped to 66.5 last month from 57.2 in November. However, the overall index rose just 2 points, to 53.2 from 51.2 in November.

Creighton University economist Ernie Goss oversees the survey, and he says businesses tied to agriculture continue to report softer economic conditions.

Forecast: Jobs Up In 2014, But Only In OKC And Tulsa

Dec 4, 2013
Oklahoma City Skyline at night
StevenSmith1 / Flickr Creative Commons

Oklahoma could see more jobs, if predictions from a new economic forecast come true.

Economist Dan Rickman expects 20,000 jobs will be added to the state’s economy in the next year. He says most of those will come in the administrative and support services, with more than 5,000 new workers.

While it's always important to keep in mind that neither one week nor one month make for a trend, there is good economic news to pass along:

Earlier this week anti-American protests in Iran marked 34 years since the storming of the Embassy in Tehran, and the start of the 18-month hostage crisis. Suzette Grillot talks about the anniversary with Joshua Landis, who also provides a brief update on Saudi Arabia's frustration with the U.S. over Syria.

Later, a conversation with Boston University modern European historian Jonathan Zatlin. He says parts of Europe's debt crisis can be explained by religious tension between the Protestant North and the Catholic South.

Raphaël Thiémard / Flickr Creative Commons

Allied powers divided war-torn Germany into four zones of occupation after World War II, with three of those zones uniting in 1949 to form what became known as West Germany.

The Soviet Union controlled the fourth zone, and East Germany remained within the Eastern Bloc’s sphere of influence for the next four decades.

Boston University modern European historian Jonathan Zatlin says the divided nation served as a tripwire for all the tensions of the Cold War, and that Soviet dictator Joseph Stalin worried a united Germany posed a security risk.

The corporate campus of Chesapeake Energy in Oklahoma City.
Joe Wertz / StateImpact Oklahoma

A business conditions index for nine Midwest and Plains states, including Oklahoma, has dropped after rising the previous two months.

The overall Mid-America Business Conditions Index plunged to a growth neutral 50.0 in October from 54.8 in September.

Creighton University economist Ernie Goss oversees the survey, and he says the partial government shutdown and slower business activity for firms tied to agriculture pushed overall economic conditions lower for the month.

Over the last decade, the foreign-born population in Mexico has nearly doubled, and the country is turning into an immigrant destination. Suzette Grillot talks with University of Oklahoma Latin America scholar Alan McPherson about the new dynamics of migration in our southern neighbor.

Later, a conversation with environmental journalist Emma Marris. She writes about “assisted migration” - deliberately helping plants and animals colonize new habitats.

Sam Beebe / Flickr Creative Commons

Over the last decade, the foreign-born population in Mexico has nearly doubled, and the country is turning into an immigrant destination – especially for American citizens.

The New York Times reported Sunday that International Monetary Fund data shows Mexico’s economy outpaced the United States, Canada and Brazil in 2011 and 2012.

University of Oklahoma International and Area Studies Professor Alan McPherson is an expert on U.S.-Latin America relations. He says Mexico’s economy is more diverse than it’s ever been, but there’s a downside to the North American Free Trade Agreement (NAFTA) and other aspects of globalization.

peggydavis66 / Flickr Creative Commons

A new report shows the Cherokee Nation had a $1.3 billion economic impact on the state of Oklahoma during 2012.

The report says the Cherokee Nation government and business operations directly accounted for more than 8,000 jobs and an additional 1,160 contract employees.

America's unemployment rate sank to 7.4 percent in July, a drop of two-tenths of a percent, the Bureau of Labor Statistics says in its monthly summary of the U.S. economic situation. But employers added 162,000 jobs last month, coming in below economists' expectations.

Oklahoma City In Top 5 "Hot" U.S. Cities

Jul 30, 2013

Coming in at number four in a list from "The Daily Beast," Oklahoma City finds itself seven spots in front of Dallas, and below top contenders including Austin, TX, New Orleans and Houston.

Lexie Flickinger / Flickr

An annual report on the well-being of children in the United States shows improvement in Oklahoma.

The state's ranking improved from 40th to 36th among the 50 states in the Kids Count report released Monday by the Baltimore-based Annie E. Casey Foundation.

The foundation ranks states based on four areas — economic well-being; education; health; and family and community issues.

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