The Ponca City economy experienced job losses between 2000 and 2010, though total jobs increased slightly. The two largest employers cut 1,400 jobs, while population declined by 532. Household income rose 24% despite losses at major companies. Sales tax revenue increased 18% during this period. Nationwide, labor force growth was projected to lag behind labor demand through at least 2030 without intervention. In Oklahoma, small firms added the most jobs from 1998-2007, while large firms lost the most.
6. The Ponca City Economy
2000-2010
2000 2010 Net
Two Largest Employers: 2,250 850 -1,400
Population: 25,919 25,387 -532
Total Jobs: 20,259 20,755 +496
(21,140)
Household Income: $31,439 $38,955 +24%
Sales Taxes: $310m $365m +18%
7.
8.
9.
10.
11.
12. Labor Force Needed
To Maintain Economic Growth in the U.S.
210
200
190
Labor
Needed
Labor
180
170
Labor
160 Available
150
140
ar
03
05
07
09
11
13
15
17
19
21
23
25
27
29
Ye
20
20
20
20
20
20
20
20
20
20
20
20
20
20
Year
“Source: Employment Policy Foundation analysis and projections of Census, Bureau of Labor Statistics, and Bureau of Economic Analysis data. “
Approximated from Figure 1-7, Pg. 12 of Dychtwald, K., Erickson, T. J., and Morison, R. (2006). “Workforce crisis: How to beat the coming shortage of skills
and talent” Harvard Business School Press, Boston, MA.
13. Oklahoma
Job Creation and Job Loss, 1998-2007
by Type and Size of Firm
30,000
20,000
10,000
-
(10,000)
(20,000)
(30,000)
(40,000)
14.
15.
16.
17.
18.
19.
20. As soon as there is life…
…there is danger.
-Ralph Waldo Emerson
