The Oklahoma Senate

Week In Review
For the week of Monday, February 2, 1998 - Thursday, February 5, 1998

 

Monday, February 2nd

 

Tuesday, February 3rd

 

Wednesday, February 4th

 

Thursday, February 5th

 

Economic Highlights

Economists are forecasting continued economic growth for Oklahoma this year. According to the 1998 Oklahoma Economic Outlook report by Oklahoma State University, Oklahoma will continue its trend of outpacing the national average in employment growth.

OSU researchers predict state employment will grow by 2.2 percent, slightly ahead of the forecasted national growth rate of 1.9 percent. That translates into a net increase of 30,000 additional jobs. Oklahoma City is projected to grow by 2.3 percent; Tulsa by 2.9 percent. The growth will help keep unemployment low.

Retail spending is up in Oklahoma. During the month of January, spending rose by 3.8 percent over the same period the previous year. According to Telecheck, Oklahoma City's retail spending increased by 4.6 percent; Tulsa's rose by 2 percent.

Index