Forbes Ranks Oklahoma City Nation’s Most Recession Proof
May 1, 2008 -- Forbes Magazine recently ranked Oklahoma City as the most recession proof city in the United States.
The magazine cited Oklahoma City's falling unemployment, one of the country's strongest housing markets, and solid growth in manufacturing, energy, and agriculture.
Forbes says Oklahoma City looks best positioned among the nation's largest metropolitan areas to ride out the current crisis.
Forbes says key growth areas include leisure and hospitality which have seen a 6% increase from 2007, while construction is up 11.5%.
The magazine also says Oklahoma City has recently benefited from booming valuations of Devon Energy and Chesapeake Energy.
Forbes based its rankings on several key measures including data supplied from the U.S. Bureau of Labor Statistics. The ranking was all based on data from the National Association of Realtors.
Click here to read the full article "America's Recession-Proof Cities"
Led by Oklahoma Secretary of Commerce and Tourism Natalie Shirley, the Oklahoma Department of Commerce is the primary economic development entity in the state. Our mission is to increase the quantity and quality of jobs in Oklahoma. We do that by attracting and growing businesses, building strong communities, encouraging the growth of knowledge-based industries, and ensuring an available, skilled workforce.
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