Executive Summary - General Overview
Looking ahead, the study highlights emerging challenges that require attention. Although employers have not fully implemented new technologies, such as artificial intelligence (AI), into their business processes, it is anticipated that within the next 12 to 24 months, decisions will be made regarding their adoption. The demand for high-tech skills related to these new technologies has not yet fully materialized; however, 37% of employers anticipate a significant need for these skills in the future, underscoring the importance of preparing employees for technological shifts. Work-related stress also remains a concern, with 77% of employers expecting employees to respond outside normal working hours and 65% observing symptoms of burnout. As Oklahoma employers continue to build a strong workforce, addressing recruitment inefficiencies, refining employee development strategies, and promoting a work-life balance will be crucial for sustaining long-term success. AI High Tech Skills and Stress Pose Challenges
Labor Force Participat ion Rate Growing The state's labor force participation rate has shown improvement, surpassing the national average in April 2023 for the first time in over three decades, and reaching 63.1% by August 2024 compared to the U.S. rate of 62.7%. However, opportunities exist to further increase participation across various age groups. Young workers (16-19) have the lowest participation rate at 41%, suggesting potential growth through targeted apprenticeship programs, internships and early workforce training initiatives. Retention strategies, such as career advancement opportunities and flexible work arrangements, could help sustain and increase engagement among those aged 20-54. For older workers (55+), whose participation declines significantly, expanding flexible work options, phased retirement programs and reskilling initiatives could encourage continued workforce involvement. With a large population aged 65-74 (401,013 individuals) and only 25.9% participating, leveraging part-time work, consulting roles and age-friendly workplace policies could further boost labor force engagement.
In terms of education, Oklahoma ranks 49th in K-12 education according to a 2024 U.S. News report, posing challenges for students entering higher education. However, the state's higher education system, including universities, two-year programs and career technical education, ranks 26th, highlighting stronger post- secondary opportunities despite weaknesses in early education. Enrollment at Oklahoma's public universities is rebounding, with freshman numbers rising across many institutions. Oklahoma State University and the University of Oklahoma reached record enrollment levels in 2023-24 and anticipate further growth. After years of decline since 2019, the University of Central Oklahoma saw a record increase in freshmen last year and expects the trend to continue. These gains mark a recovery from COVID-19-related enrollment declines. Challenges Remain in Oklahoma K-12 Education
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