Governor Stitt Applauds Strong Revenue Growth and Nation-Leading Unemployment Numbers

This week, Governor Kevin Stitt is celebrating good news for Oklahoma's economy, as new data shows the state is bringing in more money, creating new jobs, and keeping unemployment low.

“This is what happens when you keep your fiscal house in order,” said Governor Stitt. “Because we’ve cut taxes, reined in wasteful spending, and resisted the urge to grow government, Oklahoma is thriving.”

Oklahoma's 12-month tax revenue totaled $16.92 billion, an increase of $38.6 million over the previous year. With the state’s Constitutional Reserve Fund now at full capacity, $23.3 million has been deposited into the Revenue Stabilization Fund - further strengthening Oklahoma’s long-term financial position. Earlier this year, S&P Global Ratings upgraded Oklahoma’s credit rating to “AA+” from “AA,” marking the state’s highest rating in decades.

Oklahoma’s labor market remains one of the strongest in the nation, with steady employment growth and an unemployment rate of just 3.1%, well below the national rate of 4.2%.

“What we’re seeing is proof that Oklahoma’s economy is booming and that conservative principles work. We’ve built an Oklahoma where businesses want to invest, families want to grow, and job creators can chase the American Dream,” Stitt added.