Oklahoma Q2, 2019 Employment Statistics- 111,220 employers, up 0.6% from 110,608
- 1,623,828 employees, up 1.0% from 1,608,021
- $900 average weekly wage, up 3.1% from $873
- The average weekly wage is 17.8% below the national average
- The cost of living is 13.0% below the national average
Employer & Employee Growth
In the last year, the number of employers in the state increased by 612, which is an increase of 0.6%. The number of employees in Oklahoma increased by 15,807, an increase of 1.0%. During this same period, the average weekly wage increased by $27, an increase of 3.1%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 506 or 0.5%. Growth in private businesses in Oklahoma grew slower than the national average of 2.9%. The number of employees in these businesses increased since last years' Q1, increasing by 11,757 or 0.9%. The growth in employees of private businesses in Oklahoma was slower than the national average of 1.4%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $20 or 2.3%. Growth in average weekly wage of employees of private businesses in Oklahoma grew slower than the national average of 3.8%.
Leading Sectors
Businesses by Sector
The sector with the greatest number of businesses in the state is Retail trade with 11.8% of the businesses in the state. The number of businesses in this sector declined by 0.1%. Professional services (11.6%), which increased by 3.0% and Healthcare (11.1%), which decreased by 2.2%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Information | 89 | 6.1% |
| Professional services | 378 | 3.0% |
| Transport and warehousing | 85 | 2.9% |
| Agriculture and forestry | 25 | 2.7% |
| Finance and insurance | 167 | 2.3% |
| Real estate and rental | 94 | 2.2% |
| Educational services | 19 | 2.1% |
| Arts and entertainment | 21 | 1.9% |
| Manufacturing | 73 | 1.8% |
| Utilities | 4 | 0.9% |
| Company management | 4 | 0.6% |
| Mining and oil extraction | 5 | 0.1% |
| Accommodation and food services | 8 | 0.1% |
| Waste services | -6 | -0.1% |
| Retail trade | -13 | -0.1% |
| Construction | -55 | -0.6% |
| Wholesale trade | -51 | -0.7% |
| Other services | -89 | -1.3% |
| Healthcare | -279 | -2.2% |
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare with 12.1% of the employees in the state, had an increase in employees of 1.3% in the last year. Retail trade (10.8%), decreased by 1.3% and Accommodation and food services (9.7%), increased by 0.8%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Company management | 998 | 5.2% |
| Transport and warehousing | 2,446 | 4.9% |
| Construction | 2,818 | 3.5% |
| Professional services | 2,473 | 3.4% |
| Manufacturing | 3,650 | 2.7% |
| Real estate and rental | 465 | 2.2% |
| Educational services | 311 | 2.0% |
| Utilities | 207 | 1.9% |
| Healthcare | 2,513 | 1.3% |
| Waste services | 1,133 | 1.2% |
| Wholesale trade | 652 | 1.2% |
| Accommodation and food services | 1,162 | 0.8% |
| Other services | 249 | 0.7% |
| Finance and insurance | 20 | 0.0% |
| Arts and entertainment | -163 | -0.8% |
| Retail trade | -2,333 | -1.3% |
| Information | -352 | -1.8% |
| Mining and oil extraction | -1,965 | -3.7% |
| Agriculture and forestry | -2,564 | -23.1% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Mining and oil extraction paying $1,729per week compared with the state average of $882. Weekly wages in this sector declined by $54 or 3.0%. Utilities ($1,650), rose by $89 or 5.7% and Company management ($1,561) increased by $36 or 2.4% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Utilities | $89 | 5.7% |
| Arts and entertainment | $29 | 5.2% |
| Healthcare | $39 | 4.6% |
| Professional services | $50 | 4.3% |
| Other services | $24 | 3.7% |
| Retail trade | $18 | 3.3% |
| Educational services | $25 | 3.3% |
| Construction | $31 | 3.2% |
| Waste services | $20 | 2.9% |
| Real estate and rental | $23 | 2.8% |
| Company management | $36 | 2.4% |
| Accommodation and food services | $7 | 2.2% |
| Manufacturing | $19 | 1.7% |
| Wholesale trade | $18 | 1.6% |
| Finance and insurance | $9 | 0.8% |
| Transport and warehousing | $7 | 0.7% |
| Information | $-24 | -2.1% |
| Mining and oil extraction | $-54 | -3.0% |
| Agriculture and forestry | $-36 | -4.8% |
Leading Industries
Businesses by Industry
Each broad sector is made up of specific industries. In Oklahoma. the industry with the most businesses is Restaurants and other eating places with 5.7% of the businesses in the state (with 6,301 employing 132,647 workers). The Restaurants and other eating places industry had 28 fewer businesses, a decline of 0.4% in the last year. Offices of physicians (2.3% of businesses) had 32 fewer businesses, a decline of 1.3% and Insurance agencies and brokerages (2.2% of businesses) added 47 businesses, an increase of 1.9% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| Paint and wallpaper stores | 17 | 212.5% |
| Food crops grown under cover | 9 | 112.5% |
| Forging and stamping | 5 | 83.3% |
| Testing laboratories | 53 | 61.6% |
| Adhesive manufacturing | 2 | 50.0% |
| Other credit intermediation activities | 61 | 43.3% |
| Computer training | 7 | 35.0% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| All other miscellaneous store retailers | 184 | 28.8% |
| Computer systems design and related services | 90 | 4.7% |
| Other credit intermediation activities | 61 | 43.3% |
| Real estate property managers | 59 | 6.0% |
| Offices of all other health practitioners | 57 | 19.9% |
| Offices of real estate agents and brokers | 53 | 4.5% |
| Testing laboratories | 53 | 61.6% |
Employees by Industry
Offices of physicians (2.3% of employees) had 32 fewer employees, a decline of 1.3% and Insurance agencies and brokerages (2.2% ofemployees) added 47 employees, an increase of 1.9% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| Direct mail advertising | 499 | 538.7% |
| Other publishers | 247 | 527.0% |
| Translation and interpretation services | 70 | 250.2% |
| Paint and wallpaper stores | 97 | 221.6% |
| Tortilla manufacturing | 27 | 97.6% |
| Resin and synthetic rubber manufacturing | 135 | 80.4% |
| Other services related to advertising | 238 | 68.5% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| Animal slaughtering and processing | 2,187 | 26.4% |
| General medical and surgical hospitals | 1,145 | 2.3% |
| General warehousing and storage | 1,064 | 9.3% |
| Management of companies and enterprises | 998 | 5.2% |
| Electrical and wiring contractors | 866 | 7.8% |
| Commercial building construction | 830 | 10.5% |
| Restaurants and other eating places | 791 | 0.6% |
Average Weekly Wage by Industry
The industry that pays their employees the most is Investment banking and securities dealing, paying $3,533 compared with the state average of $882. Employees in the Investment banking and securities dealing industry were paid $93 more per week, an increase of 2.7% in the last year. Musical groups and artists ($3,127) and Securities brokerage ($2,473) round out the top 3 industries. Employees in the Musical groups and artists ($3,127 per week) were paid $1,381 more per week, an increase of 79.1% and Securities brokerage ($2,473 per week) were paid $319 less per week, a decline of 11.4% round out the 3 industries that pay their employees the most.Table: Top 7 Industries by Wage Change %
| Industry | Wkly Chg | % Change |
|---|---|---|
| Musical groups and artists | $1,381 | 79.1% |
| Luggage and leather goods stores | $226 | 60.1% |
| Charter bus industry | $244 | 45.9% |
| Political organizations | $307 | 39.4% |
| Plywood and engineered wood product mfg. | $253 | 34.2% |
| Family clothing stores | $114 | 33.8% |
| Roofing and siding merchant wholesalers | $303 | 33.1% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Musical groups and artists | $1,381 | 79.1% |
| Pipeline transportation of crude oil | $320 | 20.3% |
| Political organizations | $307 | 39.4% |
| Roofing and siding merchant wholesalers | $303 | 33.1% |
| Commodity contracts dealing | $270 | 15.0% |
| Resin and synthetic rubber manufacturing | $264 | 24.4% |
| Plywood and engineered wood product mfg. | $253 | 34.2% |
Company Size
Oklahoma Businesses by Size
The solopreneur company, has the most businesses in Oklahoma by far. 59.3% of all businesses in the state have fewer than 5 employees. The 101,002 small businesses in the state represent 95.7% of all private businesses. The national average is 92.4%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) Oklahoma added 1,127 businesses in the last year, an increase of 1.1% as compared to the national average of 3.0%.Small businesses are defined as companies with fewer than 50 employees. These small businesses added 1,014 businesses in the last year, which is an increase of 1.0% as compared to the national average of 3.1%.
Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 101 businesses in the last year, which is an increase of 2.4% as compared to the national average of 1.3%.
Large businesses are defined as companies with more than 500 employees. These large businesses added 12 businesses in the last year, which is an increase of 9.5% as compared to the national average of 2.1%.
Oklahoma Employees by Business Size
Oklahoma added 49,810 employees in the last year, an increase of 4.1% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 7,735 businesses in the last year, which is an increase of 8.3% as compared to the national average of 4.2%.Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 15,625 employees in the last year, which is an increase of 3.2% as compared to the national average of 4.7%.
Large businesses are defined as companies with more than 500 employees. Large businesses added 26,450 employees in the last year, which is an increase of 21.5% as compared to the national average of 9.2%.
Oklahoma Avg Weekly Wages by Business Size
Oklahoma workers in every size business are paid less than the national average. The smallest companies in Oklahoma (those with fewer than 5 employees) pay workers 12.4% less than the national average ($894 per week as compared to the national average of $1,005 per week). The largest companies in Oklahoma (those with more than 1,000 employees) pay 14.1% workers below the national average ($1,676 per week as compared to the national average of $1,913 per week).Average weekly wages in small businesses added $94 per week in the last year, which is an increase of 3.0% as compared to the national average of 3.1%. Employees of mid-sized businesses added $119 in wages per week in the last year, which is an increase of 4.0% as compared to the national average of 1.3%.
Employees of large businesses added $213 of weekly wages in the last year, which is an increase of 7.5% as compared to the national average of 2.1%.
Top Industries for Business and Employment
The table below illustrates the largest industries in the state, by number of businesses:Table: Top 10 Industries by # of Businesses
| Industry | # Businesses | % Change |
|---|---|---|
| Restaurants and other eating places | 6,301 | -0.4% |
| Offices of physicians | 2,503 | -1.3% |
| Insurance agencies and brokerages | 2,459 | 1.9% |
| Offices of lawyers | 2,442 | -2.0% |
| Wholesale trade agents and brokers | 2,202 | 0.0% |
| Support activities for mining | 2,186 | 0.5% |
| Accounting and bookkeeping services | 2,053 | 2.6% |
| Computer systems design and related services | 1,991 | 4.7% |
| Management consulting services | 1,965 | 2.7% |
| Gasoline stations with convenience stores | 1,671 | -9.8% |
The table below illustrates the largest industries in the state, by number of employees:
Table: Top 10 Industries by # of Employees
| Industry | # Employees | % Change |
|---|---|---|
| Restaurants and other eating places | 132,647 | 0.6% |
| General medical and surgical hospitals | 50,931 | 2.3% |
| General merchandise stores including warehouse clubs and supercenters | 33,747 | -0.9% |
| Support activities for mining | 31,585 | -1.3% |
| Temporary help services | 24,523 | 1.9% |
| Offices of physicians | 24,189 | 0.8% |
| Nursing care facilities skilled nursing | 20,417 | 0.3% |
| Management of companies and enterprises | 20,161 | 5.2% |
| Commercial banking | 19,349 | -0.1% |
| Supermarkets and other grocery stores | 18,311 | -3.6% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
| Industry | Wkly Wages | % Change |
|---|---|---|
| Investment banking and securities dealing | $3,533 | 2.7% |
| Musical groups and artists | $3,127 | 79.1% |
| Securities brokerage | $2,473 | -11.4% |
| Natural gas extraction | $2,353 | -8.0% |
| Crude petroleum extraction | $2,218 | -4.1% |
| Petroleum refineries | $2,215 | 3.1% |
| Spectator sports | $2,072 | -5.4% |
| Commodity contracts dealing | $2,071 | 15.0% |
| Druggists' goods merchant wholesalers | $2,024 | 3.2% |
| Credit bureaus | $1,961 | -34.4% |
Data Sources
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