The Oklahoma Employment Security Commission (OSEC) released the unemployment numbers for October this past week. For the first time in five months, the unemployment rate rose one-tenth of a percent to 3.3 percent from 3.2 percent in September.
The unemployment numbers jumped by 1,122 people this last month from 59,591 to 60,713 people. A year ago, in October 2018 there were 56,901 unemployed.
The labor force numbers in October grew from September to 1,853,560 people from 1,850,818 an increase of 2,742 people. The issue is that the employment force only grew by 1,620 people from 1,791,227 to 1,792,8478 in September.
The 1,122 increase in the unemployment numbers accounts for almost 33 percent of the total increase for the year. The state unemployment numbers have jumped by 3,812 since October 2018. The labor force has also grown by 16,900 in the last twelve months and the employment force has grown by 13,088 since October 2018.
Nationally, the Labor Department is reporting that the labor force is at 164.364 million people and the employment force is at 158.510 million which left 5.655 million unemployed and a rate of 3.6 percent up from 3.5 percent in September.
The non-farm jobs in Oklahoma gained 1,000 jobs in October while nationally that figure grew by 128,000 jobs. Compared to a year ago the state has gained almost 4,400 non-farm jobs in a 12-month period. The government sector showed a loss of 1,600 jobs in the month of October.
In a breakdown by category, the leisure and hospitality sector gained 1,700 jobs in October. The mining and logging sector showed a loss of 2,200 jobs and the manufacturing section shows a 12-month loss of over 2,100 jobs since September 2018.
The unemployment numbers by county will be broken out by OESC by the end of the month.