The Norman Transcript

Headlines

January 4, 2013

State treasurer releases year-end economic report

(Continued)

NORMAN —

Miller said the biggest problem with spending cuts that would be started in two months if no further agreement is reached is that they disregard entitlements.

“Unfortunately with sequestration, the cuts are heavily weighted toward defense spending when the real problem, entitlement spending, is largely ignored,” he said.

“A strong defense is critical to our nation’s security and our state’s economy. Studies show Oklahoma could lose up to 20,000 jobs, including 4,000 military positions, if sequestration is triggered.

“This would be devastating to Oklahoma and can be avoided if Congress implements strategic, rather than across-the-board, spending cuts.”

Looking forward: During the past 12 months, figures from the Oklahoma Employment Security Commission and Bureau of Labor Statistics show that the number of jobs grew by almost 60,000, while the labor force grew by just less than 42,000. During that time, the unemployment rate dropped from 6.3 percent to 5.2 percent.

The Mid-America Business Conditions Index anticipates that Oklahoma’s economy will continue its expansion this year. The survey shows that Oklahoma has among the best performing economies in the nine-state region, including in job creation during the last year and in anticipated overall growth in the coming year.

 

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

Text Only | Photo Reprints
Headlines
  • Coaches Luncheon Mixon question off-limits at coaches luncheon

    Toby Rowland addressed the elephant in the room even before Oklahoma football coach Bob Stoops, defensive coordinator Mike Stoops and offensive coordinator Josh Heupel arrived Wednesday at Journey Church....

    July 31, 2014 1 Photo

  • Mixon will not participate in practice

    Preseason practice begins for Oklahoma today. Freshman running back Joe Mixon will not be there. The school announced the decision Wednesday night....

    July 31, 2014

  • Nova Pettigrew Music community bands together to raise money for 2-year-old’s battle with rare form of cancer

    Two-year old Nova Pettigrew was diagnosed with a rare form of cancer six weeks ago. Her father, former Deli sound technician and musician James Pettigrew, noticed something was wrong when running turned to walking, then limping, then ...

    July 31, 2014 1 Photo

  • Deputies cleared, return to work

    Two deputies involved in a deadly shooting earlier this month are expected to return to work today after being cleared by the Cleveland County District Attorney’s Office. “They (the Sheriff’s Office) gave me their investigation, I ...

    July 31, 2014

  • Sales tax-free weekend set to begin this weekend

    When stores open Friday morning, shoppers may be waiting. Oklahoma’s annual sales tax holiday is slated to run this weekend with the special exemption beginning at 12:01 a.m. on Friday and ending at midnight on Sunday....

    July 31, 2014

  • India landslide kills 21

    NEW DELHI — Rescuers worked in rain today to dig through a remote village in western India where at least 21 people died as a landslide swept away scores of houses, possibly trapping many more people under debris, officials said....

    July 31, 2014

  • Israeli strike hits UN school

    GAZA CITY, Gaza Strip — Israeli artillery shells tore through the walls of a U.N. school crowded with sleeping war refugees and back-to-back explosions rocked a market filled with shoppers Wednesday as Israel’s stepped up campaign against ...

    July 31, 2014

  • Busted water main dumps 20 million gallons of water into UCLA’s Pauley Pavilion and adjacent garage

    LOS ANGELES — The rupture of a nearly century-old water main that ripped a 15-foot hole through Sunset Boulevard and turned a swath of the University of California, Los Angeles into a mucky mess points to the risks and expense many cities ...

    July 31, 2014

  • GOP-led House gives go-ahead for suit

    WASHINGTON — A sharply divided House approved a Republican plan Wednesday to launch a campaign-season lawsuit against President Barack Obama, accusing him of exceeding the bounds of his constitutional authority. Just a day before ...

    July 31, 2014

  • Felonies filed

    The following people were charged with felony counts in the Cleveland County Court Clerk’s Office: · Randall Lee Sherrill, 34, possession of juvenile pornography · Dewey Leon Kinsey, 37, possession of controlled dangerous ...

    July 31, 2014