Searching for Oklahoma's best storage spaces for rent? Go into the listings above and find the one that fits all your needs.Oklahoma is known for its diverse range of industries, including energy, agriculture, manufacturing, and technology. The state is home to some of the most productive oil and gas fields in the world, and energy is the largest contributor to the state's economy, accounting for more than one third of the state's gross domestic product (GDP). Agriculture is also a major industry, with cattle and wheat leading the way in production. Manufacturing and technology also play an important role, providing good-paying jobs for many Oklahomans.
In terms of labor, Oklahoma has a strong and diverse workforce. The state is home to more than 2.7 million people and the labor force is growing. The unemployment rate has remained relatively low at around 3.4 percent in recent years (https://oklahoma.gov/oesc/labor-market/current-conditions.html)
and wages have been increasing. In terms of GDP, Oklahoma has had a steady growth, with the state's GDP growing by 5.5 percent making it the third-fastest-growing economy in the US in 2022 (https://www.okcommerce.gov/oklahoma-among-fastest-growing-economies-in-the-u-s/#:~:text=From%20the%20second%20to%20the,growing%20economy%20in%20the%20nation)
As far as economic trends go, Oklahoma has seen a steady improvement in recent years. In 2021, the state's GDP was $245 billions (https://fred.stlouisfed.org/series/OKNQGSP)
and the state ranked 34th in job growth (https://www.usnews.com/news/best-states/rankings/economy/employment)
The state has also seen a decrease in poverty, and the median family income is $60,096 (https://www.bankrate.com/personal-finance/median-salary-by-age/#state)
In terms of ranking data, Oklahoma is ranked 31st in the nation in terms of GDP and 42nd in terms of median household income. (https://www.bankrate.com/personal-finance/median-salary-by-age/#state)
The state is also ranked 34th in terms of job growth (https://www.usnews.com/news/best-states/rankings/economy/employment)
and 23th in terms of unemployment rate (https://www.bls.gov/web/laus/laumstrk.htm)
Overall, Oklahoma has a strong and diverse economy, with a variety of industries contributing to its economic success. These industries, along with the labor force, GDP, economic trends, and ranking data all contribute to the state's overall economic success.