Oklahoma unemployment rate hits record low, remains 3rd lowest in nation

OKLAHOMA UNEMPLOYMENT RATE REACHES NEW RECORD LOW, REMAINS THIRD LOWEST IN NATION

OKLAHOMA CITY (Dec. 17, 2021) — The U.S. Bureau of Labor Statistics reports Oklahoma’s November 2021 unemployment rate has declined to a new record low of 2.5% and remains the third lowest rate in the nation.

Oklahoma’s unemployment rate improved from 2.7% in October, which had been the lowest since the Bureau of Labor Statistics started using the current method of measuring unemployment in 1976.

“It is encouraging to see our unemployment rate continue to decline and show that Oklahoma’s economy remains one of the strongest in the nation,” said Gov. Kevin Stitt. “While we celebrate record low unemployment, we must also remain focused on expanding and training Oklahoma’s workforce to make sure businesses can hire and retain the employees they need to keep our economy thriving.”

Stitt to end extended unemployment benefits in June, announces $1200 to first 20k who get jobs

GOVERNOR KEVIN STITT, OESC DIRECTOR ZUMWALT ANNOUNCE RETURN TO WORK INCENTIVE

First 20,000 Oklahomans on unemployment to get back into the workforce will receive $1,200 incentive

All federal benefits to end June 26, 2021 

OKLAHOMA CITY (May 17, 2021)— Today Governor Kevin Stitt and Oklahoma Employment Security Commission Executive Director Shelley Zumwalt announced a new Return to Work Incentive for Oklahomans who are on unemployment. The first 20,000 Oklahomans currently receiving unemployment benefits who return to the workforce will receive a $1,200 incentive using funds from the American Rescue Plan. All federal benefits will end June 26, 2021, giving Oklahomans six weeks’ notice of termination.

The Return to Work Incentive will be enacted via Executive Order 2021-15.

“This is the right move for Oklahoma,” said Governor Stitt. “Since our state has been open for business since last June, the biggest challenge facing Oklahoma businesses today is not reopening, it’s finding employees. For Oklahoma to become a Top Ten state, workforce participation must be at a top level and I am committed to doing what I can to help Oklahomans get off the sidelines and into the workforce.”

"As we emerge from the pandemic, it is important we continue to focus on rebuilding our economy, which means we need more Oklahomans to participate in our state's workforce," said Shelley Zumwalt, OESC Executive Director. "With today's announcement, which includes a strong return-to-work incentive program, OESC is placing top priority on helping claimants find stable employment or retraining opportunities. We have 28 offices across the state ready to help all of the state's citizens who are eligible to work but currently are not working and the hundreds of employers who are struggling to find employees."

Oklahoma employers applauded the decision.

“Every employer I speak with, inside or outside of the state, is struggling to recruit workers,” said Chad Warmington, president and CEO of The State Chamber. “While federal programs provided needed benefits at the height of the pandemic when businesses were forced to shutter, these benefits have now incentivized workers to remain on unemployment after we have safely reopened our economy. Employers are offering competitive wages with generous benefits packages and workers are still refusing to return to work. It was time to stop disincentivizing hope and opportunity for Oklahomans. Gov. Stitt recognizes there is no government program that can provide the same potential for individual economic freedom as a fully functioning private business can.”

“Georg Fischer Central Plastics stayed open and kept our employees safe during the pandemic. As businesses began to open back up, demand for our products skyrocketed, but our ability to add to our workforce was disappointing at best, with many stating they could make more on unemployment. These are not minimum wage jobs and offer career growth, excellent benefits and a safe and stable workplace. Today’s action by Gov. Kevin Stitt is a step in removing one of the barriers for Oklahoma to thrive,” said Dani Shields, Director of Human Resources for Georg Fischer Central Plastics, LLC.

“Over the last three months, Michelin North America has had difficulty in meeting customer demand due to labor shortages with both subcontractors and our core hiring populations in many of our manufacturing locations. We employ approximately 1,500 individuals in our Ardmore facility and are hopeful this change will help us fill our open subcontractor positions as soon as possible,” said Will Whitley, Director of State, Local Government Affairs and Community Relations for Michelin North America.

Governor Stitt’s executive order will direct OESC to end all federal benefits including Pandemic Emergency Unemployment Compensation (PEUC), Pandemic Unemployment Assistance (PUA), Federal Pandemic Unemployment Compensation (FPUC) and Mixed Earners Unemployment Compensation (MEUC) on June 26th.

Starting June 27, 2021 any claims filed after June 26, 2021 must be for benefits weeks prior to June 27, 2021. Any claims that are currently in the adjudication, appeals or in the Board of Review process that are filed for weeks prior to June 27, 2021 will still receive benefits for those weeks if their claim is approved. Claimants who are currently receiving Traditional Unemployment Insurance (UI) benefits will continue to receive weekly benefits paid out of the UI Trust Fund, but like other programs will not receive FPUC or the additional $300 weekly federal benefit.

The $1,200 Return to Work Incentive is for claimants currently receiving PUA, PEUC or UI between May 2-15, 2021, and who have completed 6 consecutive weeks of employment of 32 hours a week or more with the same employer. The timeframe for eligibility for the incentive starts today, May 17, 2021 and will be ongoing through September 4, 2021. Claimants can begin uploading their information along with the six weeks of pay stubs starting June 28, 2021. Payments will begin dispersing the second week in July. The incentive is limited to the first 20,000 approved applicants.

Specific details on the incentive program and the federal benefits announcement are available at https://oklahoma.gov/oesc.html.

Unemployment continues decline in Oklahoma, 9th lowest in nation

OKLAHOMA SEPTEMBER UNEMPLOYMENT RATE CONTINUES TO DECLINE, REMAINS IN TOP TEN

OKLAHOMA CITY (Oct. 20, 2020) – New figures released by the Oklahoma Employment Security Commission and the U.S. Department of Labor show Oklahoma’s seasonally adjusted unemployment rate declined to 5.3% in September, ranking ninth lowest in the country.  

The September rate is an improvement from August’s 5.7% mark and below the national unemployment rate, which declined to 7.9%.  

“Oklahoma continues to be months ahead of other states in our recovery from COVID-19,” said Governor Kevin Stitt. “This data shows how important it is to continue to protect our most vulnerable while also minimizing the other harmful effects of the pandemic. We remain committed to strengthening our state's vibrant economy and job opportunities as Oklahomans continue to go back to work." 

In September, statewide seasonally adjusted employment increased by 51,724 persons (+3.0%), while unemployment decreased by 4,909 persons (-4.7%) from the previous month. 

“Governor Stitt’s priorities of protecting the health and lives of Oklahomans while mitigating the impact of COVID-19 to our economy continue to pay dividends,” said OESC Executive Director Shelley Zumwalt. “Our state has leveraged federal CARES Act funds to support our businesses in innovative ways and Oklahomans continue returning to work to support their families. OESC will continue to provide support and reemployment services to those who have lost their jobs and are looking for their next career.”   

Oklahoma currently has one of the lowest unemployment rates in comparison to surrounding states, including Texas, Arkansas and Kansas.   

Surrounding States Unemployment Rates for September 2020 (National Rank):  

Arkansas: 7.3% (T-30) 
Colorado: 6.4% (T-22) 
Kansas: 5.9% (13) 
Missouri: 4.9% (6) 
New Mexico: 9.4% (44) 
Texas: 8.3% (39)  

Oklahoma unemployment rate drops further, now 10th lowest in nation

OKLAHOMA UNEMPLOYMENT RATE IMPROVES,  STATE RANKS 10TH NATIONALLY  

OKLAHOMA CITY (Sept. 18, 2020)-- Governor Kevin Stitt today announced the State of Oklahoma is now ranked 10th in the nation for lowest unemployment rate. 

New figures released by the Oklahoma Employment Security Commission and the U.S. Department of Labor show Oklahoma’s seasonally adjusted unemployment rate declined to 5.7% in August, a significant decrease from 12.6% in May and a further decrease from 7.1% in July.  

"Oklahoma's perseverance and pioneer spirit continues to shine bright as we bounce back from the economic impact of COVID-19," said Gov. Stitt. "These numbers prove our safe reopening plan is working, and Oklahomans are getting back on their feet and finding jobs thanks to our businesses who continue to innovate and grow their operations.” 

In August, statewide seasonally adjusted employment increased by 51,621 persons (3.1%), while unemployment decreased by 23,085 persons (-18.1%). 

Feds approve Oklahoma's application for additional unemployment program, $300 per week for claimants

GOVERNOR STITT ANNOUNCES FEDERAL APPROVAL OF STATE'S LWA APPLICATION 

Unemployed Oklahomans to receive additional $300 per week under approved program 

OKLAHOMA CITY (August 19, 2020)-- Governor Kevin Stitt announced today the Federal Emergency Management Agency (FEMA) has approved the State's application to provide unemployed Oklahomans with an additional $300 per week in benefits under the Lost Wages Assistance (LWA) program. 

"I am thankful for the teams at the Oklahoma Employment Security Commission and the Oklahoma Department of Emergency Management for working effectively with FEMA to ensure our application quickly received a stamp of approval," said Gov. Stitt. "I look forward to working with OESC to make sure the additional $300 in weekly benefits are distributed efficiently and on target to help Oklahomans as they continue working to find secure employment."

June unemployment declines by half, moves Oklahoma to 5th lowest rate in nation

OKLAHOMA JUNE UNEMPLOYMENT RATE DECLINES SIGNIFICANTLY, TIED FOR FIFTH LOWEST NATIONALLY

OKLAHOMA CITY (July 20, 2020) – New figures released by the Oklahoma Employment Security Commission and the U.S. Department of Labor show Oklahoma’s seasonally adjusted unemployment rate declined to 6.6% in June, a significant decrease from 12.6% in May. Oklahoma is tied with Maine for the fifth lowest rate in the country, a ranking which is reflected on the newly-launched Governor’s Dashboard of Metrics. The national unemployment rate for June declined to 11.1%.

“These figures confirm that Oklahoma is leading the way in our recovery from COVID-19,” said Governor Kevin Stitt. “Innovative programs like the Oklahoma Business Relief Program, the Oklahoma Manufacturing Reboot Program and others have allowed us to leverage federal CARES Act funds to support our businesses and get their employees back to work so they can support their families.”