United States Congress Joint Economic Committee

Oklahoma

May 2022

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Oklahoma Unemployment (U-3) 2.7% 2.7% 4.5%
U.S. Official Rate (U-3) 4.8% 5.2% 7.8%
U.S. "Real" Rate (U-6) 7.3% 7.7% 11.7%
Oklahoma Labor Force Participation Rate 60.5% 60.4% 60.9%
U.S. Labor Force Participation Rate 61.9% 61.9% 61.5%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 6.8% 6.2% 1.2%
"Core" CPI Inflation 4.9% 4.6% 1.6%
National Gas/gal. Updated 5/27/22 12:00 AM $4.60 $4.13 $3.04
Oklahoma Gas/gal. $4.11 $3.78 $2.75
South Region: Loaf of Bread $1.40 $1.35 $1.53
South Region: Milk/gal. $3.69 $3.60 $3.43
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q1/2022 (Advance Estimate)
-1.4%
OK Real GDP
Q4/2021
8.1%
S&P 500 (YTD)
-14.86% Updated 5/27/22 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
OK Hourly Rate
$7.25
Last Generated: 5/27/22 10:05 AM