CAER

State economy to begin turnaround in 2017,
OSU’s Spears School economist forecasts

Terry Tush
  (December 6, 2016 at 1:35 pm)
rickman_eoc_2016

OSU economist Dan Rickman forecasts the strongest growth in the state for construction, educational services, and leisure and hospitality services in 2017.

The recent rise in energy prices will lead employment in the Oklahoma energy sector to stabilize and increase slightly in 2017, Oklahoma State University economist Dan Rickman said Tuesday during the 2017 Oklahoma Economic Outlook Conference.

The conference is hosted each December by the Center for Applied Economic Research in OSU’s Spears School of Business. This year’s conference, held at the Metro Technology Centers at the Springlake Campus in Oklahoma City, included presentations on the future of aerospace and its importance in Oklahoma. In addition, the featured speakers addressed national and state economic conditions.

“Oil prices have rebounded from their recent lows with the rebalancing of oil demand and supply,” said Rickman, Regents Professor of Economics and Oklahoma Gas and Electric Services Chair in Regional Economic Analysis. “Increased supply responses by oil producers to further price increases though will cause oil prices to stay within a narrow range near the current level in the upcoming year.” Continue Reading

2017 Oklahoma Economic Outlook Conference
to focus on trajectory of state’s energy industry

Alyssa Wahrman
  (October 19, 2016 at 1:24 pm)
Dan Rickman will be featured at the 2017 Oklahoma Economic Outlook Conference.

Dan Rickman will be one of the speakers at the 2017 Oklahoma Economic Outlook Conference.

The Oklahoma State University Center for Applied Economic Research and Spears School of Business will host the 2017 Oklahoma Economic Outlook Conference on Dec. 6 at the Metro Technology Centers Springlake Campus in Oklahoma City.

Dan Rickman, Regents Professor of Economics at the OSU Spears School of Business, will present his report discussing forecasts of major economic variables for Oklahoma and will focus on the expected trajectory of Oklahoma’s energy industry. The Oklahoma State Econometric Model, which provides information on the probable performance of the Oklahoma economy in the upcoming year, was used to compile Rickman’s report.

Conference speakers will also include experts from Boeing and the Greater Oklahoma City Chamber. They will discuss the future of aerospace and its importance in Oklahoma. In addition, they will address national, state and local economic conditions.

Continue Reading

Oklahoma economy will be fairly flat in 2016,
OSU’s Spears School economist forecasts

Terry Tush
  (December 8, 2015 at 4:25 pm)

(NOTE: All of the presentations by the speakers at the 2016 Oklahoma Economic Outlook Conference can be accessed at: http://economy.okstate.edu/forecasts/)

Dan Rickman

Dan Rickman delivers his report at the 2016 Oklahoma Economic Outlook Conference.

Gluts in the supply of oil and natural gas are expected to continue to keep energy prices low and reduce energy-related employment in Oklahoma throughout 2016, Oklahoma State University economist Dan Rickman said Tuesday during the 2016 Oklahoma Economic Outlook Conference.

He added, though, that some other sectors of the Oklahoma economy will continue to benefit from an expanding national economy.

The conference is hosted each December by the Center for Applied Economic Research in OSU’s Spears School of Business. This year’s conference, held at the Metro Technology Centers at the Springlake Campus in Oklahoma City, included presentations on national, state and local economic conditions. Topics of other presentations included Oklahoma teacher salaries and current practices in state budgeting in Oklahoma.

Rickman projects that total nonfarm employment in 2016 will be roughly unchanged from that in 2015. Notable job gains in excess of 2,000 are forecast for the sectors of healthcare and social assistance, construction, leisure and hospitality, and local government.

Continue Reading

OSU Spears School of Business will host
Economic Outlook Conference in December

Jenna Johnson
  (November 24, 2015 at 1:54 pm)
Dan Rickman

Dan Rickman

The Center for Applied Economic Research in the Spears School of Business at Oklahoma State University will present the 2016 Oklahoma Economic Outlook report on Dec. 8 at the Metro Tech Centers–Springlake Campus in Oklahoma City.

Registration begins at 8:30 a.m., with the conference from 9 a.m. to noon.

The Oklahoma State Econometric Model is used to compile the report, which provides information on the probable performance of the Oklahoma economy in the upcoming year. The OSU econometric model is in its 36th year of development and is the state’s only large-scale econometric forecasting model.

Dan Rickman, OSU Regents professor of economics in the Spears School, will present his report on the 2016 economic outlook for the state of Oklahoma.

Continue Reading

Oklahoma will see growth, more jobs in 2015,
OSU’s Spears School economist forecasts

Spears School News Staff
  (December 2, 2014 at 2:03 pm)

NOTE: Click here to access all of the presentations by the speakers at the 2015 Oklahoma Economic Outlook Conference.

Dan Rickman

Dan Rickman

OKLAHOMA CITY – Oklahoma is expected to see continued job growth in 2015, Oklahoma State University economist Dan Rickman said Tuesday during the 2015 Oklahoma Economic Outlook Conference.

The conference is hosted each December by the Center for Applied Economic Research in OSU’s Spears School of Business. This year’s conference, held at the Metro Technology Centers at Springlake Campus in Oklahoma City, included discussions of economic conditions and prospects for Oklahoma and the United States.

Rickman projects that over 30,000 jobs will be added to the Oklahoma workforce during the 12-month period beginning Jan. 1, 2015. The majority of those jobs are expected to be in administrative and support services and durable goods manufacturing (with more than 5,000 new jobs created in each sector). Over 4,000 jobs are expected to be created in each of health services and the sector including accommodation, food services, leisure services and hospitality employment.
Continue Reading

Oklahoma will see growth, more jobs in 2014,
OSU’s Spears School economist forecasts

Spears School News Staff
  (December 4, 2013 at 11:49 am)
DSCF0085 (800x597)

Dan Rickman

Oklahoma is expected to see a pickup in job growth in 2014 following the slowdown in growth experienced during 2013, Oklahoma State University economist Dan Rickman said Wednesday during the 2014 Oklahoma Economic Outlook Conference.

The conference is hosted each December by the Center for Applied Economic Research in OSU’s Spears School of Business. This year’s conference, held at the Metro Technology Centers at Springlake Campus in Oklahoma City, includes discussions of economic conditions and prospects for Oklahoma and the United States.

Rickman projects that nearly 20,000 jobs will be added to the Oklahoma workforce during the 12-month period beginning Jan. 1, 2014. The majority of those jobs will be in the administrative and support services (with more than 5,000 new jobs created) and accommodation, food services, leisure services and hospitality sectors (just under 3,000), Rickman’s forecast reflects.

Continue Reading

Center for Applied Economic Research will host 2013 Oklahoma Economic Outlook Conference

Spears School News Staff
  (November 8, 2012 at 8:54 am)

Economic Outlook promotionOklahoma State University’s Center for Applied Economic Research in the Spears School of Business will present the 2013 Oklahoma Economic Outlook Conference on Dec. 5 at the Metro Technology Center Springlake Campus in Oklahoma City.

The conference will run from 8:30 a.m. to noon.

“While the housing sector finally shows signs of recovery, the U.S. economy faces significant headwinds,” said Dan Rickman, OSU Regents professor of economics and Oklahoma Gas & Electric Services Chair in Regional Economic Analysis, who will be one of the featured speakers at the conference.

“The impending ‘fiscal cliff’ and slowing global demand pose significant threats to near-term economic growth.  How these events most likely will unfold and affect the U.S. and Oklahoma economies will be addressed during the 2013 OSU Economic Outlook Conference. The conference also will include presentations on how Oklahoma can best position itself for long-term economic prosperity,” said Rickman.

Continue Reading

Spears School Economist Projects
Continued Growth For 2012, Future

Terry Tush
  (December 14, 2011 at 12:04 pm)

Dan Rickman

Dan Rickman, economist with the Center for Applied Economic Research from OSU’s Spears School of Business, offers his projections during the 2012 Oklahoma Economic Outlook Conference.


The state of Oklahoma has bounced back from the recent recession much better than many other states and that growth is expected to continue throughout the next 12 months, Oklahoma State University economist Dan Rickman said Tuesday during the 2012 Oklahoma Economic Outlook Conference.

Rickman and Mouhcine Guettabi, a research economist, were the two representatives from the Center for Applied Economic Research from OSU’s Spears School of Business speaking at the conference that included discussions of national economic conditions and prospects for Oklahoma.

“We’ve had very strong growth coming out of the recent recession, more than we’ve seen in other states, and we expect that to continue into 2012,” said Rickman, OSU’s Regents Professor of Economics and Oklahoma Gas and Electric Services Chair in Regional Economic Analysis.

Oklahoma ranked 23rd of all the states in wage and salary growth from 2001 to 2007, growing at a rate of 4.6 percent. The state moved up to eighth overall from 2007 to 2010, despite seeing a loss of 2.2 percent during the recession (only North Dakota at 4.6 percent and Alaska at 1.7 percent saw growth during this period).

Rickman expects Oklahoma’s employment growth in 2012 to continue to grow at a better rate than the nationwide average – 2.77 percent in Oklahoma to just below 2.0 percent for the United States.

The key to the state’s growth is its dependence on the energy sector, said Rickman, who believes that 2013 could be the key year for major growth in Oklahoma as the demand for oil increases across the world.

“In 2013, we’ll see energy prices start to become stronger,” said Rickman, who used data provided by HIS Global Insight Forecast. “In 2013, they’re expecting the national economy to become stronger and they see that driving energy prices higher. As far as we’re concerned (in Oklahoma), as long as our national economy is weak and sputtering, energy prices are going to be susceptible.”

Guettabi was one of the other featured speakers throughout the event held at the Metro Technology Centers at Springlake Campus in Oklahoma City. The Spears School research economist presented a long-term look at the population growth for Oklahoma.

Other speakers included Deidre D. Myers, director, Research & Economic Analysis, Oklahoma Department of Commerce; Cynthia Rogers, associate professor of economics, University of Oklahoma; Mickey Hepner, Dean, College of Business Administration, University of Central Oklahoma, and Chad Wilkerson, vice president, Branch Executive and Economist, Federal Reserve Bank of Kansas City, Oklahoma City Branch.

State Treasurer Ken Miller was among those attending the conference. “I thoroughly enjoyed it because there was a lot of great information shared today,” Miller said.

To view the information provided by each of the presenters on the web, go to economy.okstate.edu/forecasts

Sponsors of Tuesday’s conference were the Center for Applied Economic Research (CAER) at the Spears School of Business, CareerTech, Metro Technology Centers, and OSU’s Center for Executive and Professional Development.

What the American Jobs Act
Means for Citizens of Oklahoma

Terry Tush
  (October 6, 2011 at 12:44 pm)

Mouhcine Guettabi

With the national unemployment rate at 9.1 percent, the American Jobs Act was introduced as a method of creating jobs. The question for many is how the bill is going to impact the state of Oklahoma and, more importantly, the lives of Oklahomans.

Mouhcine Guettabi, research economist with the Center for Applied Economic Research for OSU’s Spears School of Business, has studied extensively the American Jobs Act, and recently discussed the impact it may have on the economy.

Continue Reading

Oklahoma unemployment rate hits 19-month low

Spears School News Staff
  (March 23, 2011 at 2:51 pm)

This article originally appeared in the Tulsa World. Read the original article.

Oklahoma’s jobless rate dropped to 6.6 percent in January – the lowest since May 2009, according to data released Thursday by the Oklahoma Employment Security Commission and the U.S. Bureau of Labor Statistics.

January’s rate was down from a 6.8 percent reading in December.

According to revised data, Oklahoma’s rate hovered at a high of 7.3 percent from December 2009 through March 2010 but has trended downward since then.

“Overall this is a good report and when combined with the newly revised 2010 numbers shows a labor market that is beginning to recover,” said Lynn Gray, the OESC’s chief economist, in e-mailed comments. Continue Reading

Posted In: CAER