Leadership Notes: OKC's economic resilience—driving growth and innovation

The Oklahoma City metro area is a shining example of economic resilience and vitality. With an unemployment rate of just 3.1%, we’re proud to rank as the 10th lowest among all major U.S. metropolitan areas. This marks the 38th consecutive month our unemployment rate has stayed below 4%, tying the longest streak in modern history. These numbers underscore the strength of our economy while highlighting an ongoing challenge: finding qualified talent to meet the growing needs of our businesses.

For the first three quarters of 2024, Oklahoma City has continued to outperform expectations. Nonfarm employment has grown by 2.4%, with 16,000 new jobs compared to last year. Our 2024 Economic Outlook had forecasted a growth rate of 2%, so exceeding those projections is an encouraging sign of our upward trajectory. This progress reflects the outstanding work of our Chamber’s economic development team, who in 2024 partnered with 86 companies to bring 5,700 new jobs to Oklahoma City. These efforts generated $350 million in payroll and $630 million in capital investment, reinforcing our region’s appeal as a hub for opportunity.

We’ve seen remarkable contributions from companies like Georg Fischer Central Plastics, Advanced Call Center Technologies, Pratt & Whitney, Love’s Travel Shops & Country Stores and more. Collectively, these businesses have committed hundreds of new jobs, ensuring Oklahoma City remains a destination for innovation and growth.

Despite global economic uncertainties and the backdrop of a national election year, the optimism of our business community is unwavering. That optimism is fueled by you—our Chamber members—whose vision, leadership and dedication drive this city forward. Your contributions are the cornerstone of Oklahoma City’s success, and together, we are building a thriving, dynamic community. Here’s to continuing our momentum and shaping an even brighter future for Oklahoma City!