The slowdown in the oil and gas industry in Oklahoma caught the attention of the Federal Reserve Bank of Oklahoma which stated the downturn appears to be affecting economic growth in the state overall.
In the Bank’s latest edition of “Oklahoma Economist“, the
Bank indicated that of all Oklahoma’s industries, the “biggest drop in activity this year has been in the state’s important energy sector.” Employment was down more than 4 percent from a year ago as of October which is more than twice as much as in any other sector.
Click here to read the report in the Oklahoma Economist.
