Oklahoma’s Workforce
Post-pandemic there was a lot of conversation and efforts made to increase labor force participation in Oklahoma. The third quarter of 2023 was the first time the state almost matched the national average and Figure 2 below highlights that labor force participation is now higher than what it was pre-pandemic.
Figure 2. Source: https://fred.stlouisfed.org/graph/?id=LBSNSA40,#
Oklahoma’s unemployment rate continued to be low in 2023 with a third quarter rate of 2.83% compared to the national rate of 3.7%.
Figure 3. Source: U.S. Bureau of Labor Statistics
WorkTrends 2024
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