Tulsa World: Tulsa, OKC rise in jobs index

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Tulsa, OKC rise in jobs index
The economic situation in the two metro areas is less dire than in much of the U.S.

By LAURIE WINSLOW World Staff Writer
Published: 11/12/2009 2:33 AM
Last Modified: 11/12/2009 4:41 AM

Fewer job losses, lower foreclosure rates and benefits gained from the energy sector helped both the Tulsa and Oklahoma City metropolitan areas move up on the Milken Institute's Best-Performing Cities 2009 index.

The Tulsa area jumped to No. 19 from No. 72 last year in the index, which ranks the country's 200 largest metro areas. Oklahoma City climbed to No. 26 from No. 50.

The index, which ranks metro areas based on their ability to create and sustain jobs, also ranks 124 of the smallest metro areas. The report is compiled with the help of Greenstreet Real Estate Partners.

"Both Tulsa and Oklahoma City didn't lose nearly as many jobs as anybody else. Both metros have been performing well over the past five years. Wages and salaries have both gone up," said Kevin Klowden, a managing economist for Milken, in a phone interview from Milken's headquarters in Santa Monica, Calif.

Tulsa ranked No. 36 for its five-year job growth between 2003 and 2008 relative to the national average. It ranked No. 16 for its one-year job growth from 2007 to 2008.

From March 2008 to March 2009, Tulsa lost less than 0.25 percent of its jobs.

"Considering the depth of the recession around the country, that is remarkable," Klowden said.

The city's tech sector grew slightly during the five-year period from 2003 to 2008, and also the one-year period from 2007 to 2008.

"The reason that is significant is the rest of the country just didn't grow," Klowden said.

Tech-related expenditures are one of the first things companies drop when they don't have capital to spend. The fact that Tulsa remained relatively stable in this area is important and impressive, he said.

The report ranked the Tulsa area at No. 30 for its five-year high-tech sector output growth relative to the national average and No. 32 for its one-year high-tech sector output.

Over the last couple of years, both the Tulsa and Oklahoma City areas also have benefited from the energy industry. The best performers in the index are definitely an indicator of that, Klowden said.

Texas, for instance, claimed four of the top five spots in the large-metro rankings, with Austin-Round Rock at No. 1.

Both Oklahoma metros also have seen low foreclosure rates. Growth in the housing market has been steady rather than sudden, so the cyclical downturn in housing, residential construction and related areas has not been severe in Oklahoma, Klowden said.

The biggest decliners, including several cities in Florida and California, continue to experience the fallout from the housing meltdown, according to the report.

In addition, heavy losses in durable goods manufacturing and the ailing U.S. automotive industry have mired Michigan's metros among the country's weakest performers.

Best-performing large metropolitan areas

1. Austin-Round Rock, Texas
2. Killeen-Temple-Fort Hood, Texas
3. Salt Lake City
4. McAllen-Edinburg-Mission, Texas
5. Houston-Sugar Land-Baytown
6. Durham, N.C.
7. Olympia, Wash.
8. Huntsville, Ala.
9. Lafayette, La.
10. Raleigh-Cary, N.C.
19. Tulsa
26. Oklahoma City

Laurie Winslow 581-8466
laurie.winslow@tulsaworld.com By LAURIE WINSLOW World Staff Writer

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Some reader comments for this story were copied from "Tulsa, OKC rank high on national performance list," which was published on 11/11/2009.

	Report Comment 007, Tulsa (11/11/2009 2:55:40 PM) thank God something good we actually rank high in.
	Report Comment hmmmmmmm, (11/11/2009 3:22:32 PM) this is what kathy taylor did to us.
	Report Comment Daven, Tulsa (11/12/2009 8:11:18 AM) Just goes to show we faired better through the recession but entered it late. Effects on OKC and Tulsa should not be as bad as other parts of the country.
	Report Comment WhoseLeft, Tulsa (11/13/2009 3:41:35 PM) It's not this ranking alone. The CSMonitor just published a lead article on the next BOOMTOWNS. Tulsa ranked in one of their listings: Recession Proof Cities. We are number 18. Austin Texas is number 1; Dalls, number four and OKC, number 13. Tulsa scores before Virginia Beach and-----Washington, D.C.
	Report Comment WhoseLeft, Tulsa (11/13/2009 3:42:16 PM) It's not this ranking alone. The CSMonitor just published a lead article on the next BOOMTOWNS. Tulsa ranked in one of their listings: Recession Proof Cities. We are number 18. Austin Texas is number 1; Dalls, number four and OKC, number 13. Tulsa scores before Virginia Beach and-----Washington, D.C.
	Report Comment WhoseLeft, Tulsa (11/13/2009 3:43:47 PM) Sorry for the double posting. I didn't think the first one loaded. The elements for our ranking included "the strongest performing metro areas in the pst year based on employment trends, output of goods and services and housing prices." CSMonitor vol. 101, issue 116.

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