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Report says Oklahoma economy to slow next year but still outpace national indexes Oklahoma job growth will be flat next year, but the state's employment picture will continue to be better than that of the nation, an Oklahoma State University economist predicted Tuesday. Economist Mark Snead said in his 2009 economic forecast that personal income growth will continue to grow, but at a slower pace of less than 4 percent, compared to 6 percent or more in recent years. The state is approaching 95 percent of the national personal income level. While large job losses have been seen on the national front, Oklahoma should end 2008 with employment growth of about 1.1 percent. The oil and gas industry has helped keep Oklahoma relatively prosperous compared to the economic downturn seen in other states, but that's only part of the picture. "We are seeing broad-based growth," Snead said. "Oil and gas is giving us a little bit of a boost, but there is solid growth in every sector of the economy. Agriculture is providing a boost, Indian nations are providing a boost." "The story is that the entire state is on a similar economic cycle." The problems of the housing and mortgage industry have not been as pronounced in Oklahoma as elsewhere. Click Here For Employment News
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