Modest Economic Growth Predicted by Osu `Outlook'

By Page, David | THE JOURNAL RECORD, June 22, 1985 | Go to article overview

Modest Economic Growth Predicted by Osu `Outlook'


Page, David, THE JOURNAL RECORD


Very modest economic growth is projected in Oklahoma during the second half of 1985, according to the Oklahoma Economic Outlook p repared by the Office of Business and Economic Research at Oklahoma State University.

"Although falling interest rates are expected to improve national and state economic activity during the second half of the year," the report said, "only very modest economic growth is projected for Oklahoma during its second year of economic recovery."

The Oklahoma economy, which began to recover in 1984, the forecast said, saw its manufacturing base start to weaken during the last quarter of the year and has registered very little activity during the first third of 1985.

"The most alarming trend during this time," the report said, "has been a loss of nearly 7,000 employees since October from an already reduced manufacturing base."

The loss of manufacturing employment is attributable to the weakness witnessed in the national manufacturing sector, to the relatively weak and uncertain oil price picture and to the continued glutconditions in the housing sector or the state's economy.

On the positive side, the forecast said, the supportive service sector and the state and local government complex continue to experience good growth and have helped fuel an increase of just over 10,000 nonagricultural wage and salary jobs in Oklahoma since January.

In addition, the unemployment rate in the state has fallen from a seasonal high of 8.4 percent in February to a rate of 6.9 percent in April.

Forecasts for major indicators of Oklahoma's economic activity are:

- Gross State Product will increase to $50.9 billion in 1985 from $48.6 billion in 1984.

"After controlling for inflation," the report said, "the real rate of economic growth for Oklahoma in 1985 should be near 1.8 percent."

This is evidence of continued modest recovery but considerably below the 3.2 percent real growth of 1984, the OSU study said.

The manufacturing sector, which led the recovery in 1984, is expected to grow by only 1.9 percent in 1985.

"Supplanting manufacturing as the 1985 growth leader will be the supportive services and the government sectors," the report said.

The supportive services sector is composed of wholesale and retail trade; finance, insurance and real estate; and services.

These industries are expected to rise by 2 percent to 3 percent over the course of the year. The construction, mining (oil and gas) and agriculture sectors are expected to show little progress.

- Nonagicultural wage and salary employment is expected to increase 1 percent to 11,700 in 1985, compared to a 1. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Modest Economic Growth Predicted by Osu `Outlook'
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.