Manufacturing in Oklahoma and US

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OKLAHOMA MANUFACTURING ALLIANCE September 2008

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Manufacturing production in America is at its highest level ever If US Manufacturing was a country, it would be the eighth largest economy in the world The US accounts for one quarter of global manufacturing Manufacturing in America is growing at a faster pace than the US economy MANUFACTURING IN AMERICA

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Productivity growth has risen by nearly 90 percent, more than two times grater than the rest of the economy Geographic distribution has shifted in the past 40 years, with more manufacturing taking place outside the traditional centers in the Northeast and Midwest This broadening of the manufacturing base has raised its importance to all regional economies…including Oklahoma MANUFACTURING IN AMERICA

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Productivity 0% 1% 2% 3% 4% 5% 1970s 1980s 1990s 2000-2006 Average Annual Percent Change Manufacturing Non-farm Business

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Geographic distribution has shifted in the past 40 years, with more manufacturing taking place outside the traditional centers in the Northeast and Midwest This broadening of the manufacturing base has raised its importance to all regional economies…including Oklahoma MANUFACTURING IN AMERICA

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4,000 manufacturing companies 152,000 workers employed in manufacturing It’s the highest employment level the sector has achieved since April 2002 In 2006, Oklahoma’s manufacturing employment grew by about 2,400 jobs…a 1.6% rise MANUFACTURING IN OKLAHOMA

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10% of Oklahoma’s workforce employed in manufacturing Generates 12% of the state’s economy Agriculture generates 1.7% of Oklahoma’s economy 88% of manufacturers employ fewer than 50 workers 11% of manufacturers employ between 50 and 250 workers About 40 manufacturers employ more than 500 workers CHALLENGE - finding and retaining skilled labor MANUFACTURING IN OKLAHOMA

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