Oklahoma's economy gaining momentum

OKLAHOMA CITY (AP) _ The Federal Deposit Insurance Corporation says Oklahoma's economy appears to be gaining momentum. <br/><br/>An FDIC report says the growth in jobs in the state during the second

Wednesday, October 5th 2005, 9:52 am

By: News On 6

OKLAHOMA CITY (AP) _ The Federal Deposit Insurance Corporation says Oklahoma's economy appears to be gaining momentum.

An FDIC report says the growth in jobs in the state during the second quarter of the year was higher than the national rate. FDIC researcher Alan Bush says Oklahoma was slow to come out of the recession, but he says the state is now ``catching up with a vengeance.''

Not all the news is good. The report says personal bankruptcy filings in Oklahoma are among the highest in the nation and the state is seventh-worst in terms of low credit scores.

But Tulsa and Lawton are reversing a trend of losing jobs and are now contributing to the state's job growth and rising petroleum prices have led to more oil wells, resulting in more jobs in the energy industry.