The Obama Administration has cooked the books when it comes to reporting on unemployment. Obama wants a legacy of job creation but America’s sluggish economy tells a different story.
In the Tulsa metro area, the unemployment rate jumped up to 5.6 percent in September, an increase of two-tenths of a percentage point.
The Tulsa metro area has lost about 500 jobs since September 2015, according to the Oklahoma Employment Security Commission. The area added 2,700 jobs over the month.
The Tulsa jobless rate for August was 5.4 percent. In September 2015, the rate was 4.2 percent, giving the Tulsa area the largest year-over-year increase in the state.
Another problem for Tulsa is that most of the new jobs are low-paying, entry type jobs. Many are seasonal or part-time (with no or little benefits).
The Macy’s Fulfillment Center near Owasso plans to employ about 4,000 to help ship maybe a quarter-million packages a day during the weeks after Thanksgiving and until around Christmas.
Anything helps but these kinds of jobs and the telemarketing jobs that the chamber brags about rarely pay a living wage. There is honor in these low-paying jobs but not much security or upward mobility.
The worldwide oil glut has driven down the price of crude oil (and natural gas) and that has really hurt Oklahoma’s energy sector. That won’t come back to life until the price of a barrel of oil climbs.
Tulsa needs economic development but the city wastes millions in a contract with the chamber, which prefers a regional strategy to one that benefits the City of Tulsa.
Jobs are getting hard to find and good jobs are really tough to locate. Thank goodness Obama will soon be out of office and out of work.