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Employment Growth

With the exception of manufacturing, Tulsa area industries are in a growth mode. During the first eight months of the year, the average number of jobs in industry sectors was as follows: service—127,843, up 5,857; wholesale and retail—93,743, up 3,557; transportation, communication and utilities—34,257, up 2,171; finance, insurance and real estate—22,357, up 1,200; government—43,429, up 1,200; construction—16,671, up 814; mining—7,771, up 14; and manufacturing—58,243, down 29. Overall, service-producing industries added 13,669 jobs and goods-producing industries added 800 jobs.

As Asian currencies decline in value against the dollar, exports become more expensive and manufacturing suffers. Not all manufacturing sub industries, however, lost jobs during the first eight months of 1999. Transportation equipment gained 557 jobs, fabricated metal production gained 243 jobs, and the primary metal industry was unchanged.

Tulsa MSA Employment Growth By Industry
Jan-Aug1998 to Jan-Aug1999
Source: OESC

Services 5,857
Trade 3,557
TC&U 2,171
FIRE 1,200
Government 1,200
Construction 814
Mining 14
Manufacturing 29
Total 14,784

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