Economic Indicators

Provides important statistics regarding the economy of Norman, including unemployment figures, city and use sales taxes, and building permits.

Norman Area Unemployment StatisticsJun-14July-14Aug‐14 Sept‐14 Oct‐14 Nov‐14 Dec‐14 Jan‐15Feb‐15 March-15 April-15 May-15June-15Change
Labor Force 60,721 60,66160,00060,21260,38360,73160,02160,17160,93261,59861,78362,02162,8612,140
Employment 58,24758,38157,86258,20658,43058,91858,34258,25859,10859,97760,13060,03060,4632,216
Unemployment 2,4742,2802,1382,0061,9531,8131,6791,9131,8241,6211,6531,9912,398-76
Unemployment Rate 4.1%3.8%3.6%3.3%3.2%3.0%2.8%3.2%3.0%2.6% 2.7% 3.2% 3.8% ‐0.3%
DescriptionSept-14Oct-14Nov-14 Dec-14 Jan-15 Feb-15March-15April-15May-15 June-15July-15 Aug-15 YTD
City Use Tax
$221,421$186,576$220,012 $256,910 $271,562 $299,905 $240,105 $233,807 $241,388 $241,388 $239,472 $228,708$2,881,254
City Sales Tax $5,268,286 $5,816,872$5,427,824$5,344,049$5,850,929$5,888,942$5,068,247$5,032,990$5,374,110$5,374,110$5,292,000$5,638,575$65,376,936
*Collections by SIC Code for the City of Norman

Construction
Activity
Summary
Aug 14
Sept 14
Oct 14Nov 14Dec 14Jan 15Feb 15Mar 15Apr 15May 15Jun 15YTD 2014 YTD 2015
New Single Family:
Number
of Permits
39423330393526293125 47213
192
Total
Construction Value
$9,676,290$11,797,960$6,945,060$9,227,555$8,593,697$12,665,710$6,059,363$8,082,810$30,188,284$8,295,859$13,840,282$47,401,604$57,532,308
Avg.
Construction Value
$248,110$280,897$210,456$2$242,329$236,748$246,900$290,130$254,225$244,308 $229,261 $209,240 $235,495
New Non‐Residential:
Number
of Permits
884817 1 12 53 610 516
Total
Construction Value
$12,218,438$7,131,500 $295,265 $9,418,000$2,543,384 $15,000 $5,572,000$657,721$334,800 $2,849,240 $5,315,400 $8,029,000 $8,164,640
Avg.
Construction Value
$1,527,305$891,438$73,816 $1,177,250$149,611$15,000$464,333$131,544$111,600 $474,873 $531,540 $1,605,800 $510,290