circuitboard
08-25-2009, 04:40 PM
Oklahoma City in the top 10.
This capital city has gotten its fair share of the spotlight in this recession, as its job market has powered through the peak of the recession with a 6 percent unemployment rate--one of the country's lowest. Energy is a big driver of the city's stability. Oklahoma boasts rich resources of oil and natural gas that yield strong industry in construction, resources, and mining. When commodity prices were high earlier in the recession, Oklahoma City resisted job losses entirely. Now, employment is down slightly from its peak, but it is projected to return to the peak as soon as two years earlier than the national average, according to Bob Tomarelli of IHS Global Insight.
The strongest near-term growth will come from the professional and business services sector and the healthcare sector, Tomarelli says. Indeed, the city's economic expansion following the 2001 recession was broadly based. Local government and mining jobs grew the most rapidly. The city's economy has also been helped by the presence of the Tinker Air Force Base and nearby Oklahoma State University.
America's Best Places to Find a Job 2009 - Yahoo! Finance (http://finance.yahoo.com/news/Americas-Best-Places-to-Find-usnews-2558021933.html?x=0&.v=1)
This capital city has gotten its fair share of the spotlight in this recession, as its job market has powered through the peak of the recession with a 6 percent unemployment rate--one of the country's lowest. Energy is a big driver of the city's stability. Oklahoma boasts rich resources of oil and natural gas that yield strong industry in construction, resources, and mining. When commodity prices were high earlier in the recession, Oklahoma City resisted job losses entirely. Now, employment is down slightly from its peak, but it is projected to return to the peak as soon as two years earlier than the national average, according to Bob Tomarelli of IHS Global Insight.
The strongest near-term growth will come from the professional and business services sector and the healthcare sector, Tomarelli says. Indeed, the city's economic expansion following the 2001 recession was broadly based. Local government and mining jobs grew the most rapidly. The city's economy has also been helped by the presence of the Tinker Air Force Base and nearby Oklahoma State University.
America's Best Places to Find a Job 2009 - Yahoo! Finance (http://finance.yahoo.com/news/Americas-Best-Places-to-Find-usnews-2558021933.html?x=0&.v=1)