Council Matters: July 24, 2012
Council Strategic Plan/Career Pathways Initiative Working on Layoff Aversion Plan The Oklahoma Department of Commerce is in the process of evaluating business retention and expansion (BR&E) efforts statewide.
BR&E refers to all of the things we do in Oklahoma to help our existing companies stay strong and grow. The US Department of Labor refers to this as layoff aversion (LoA).
Individual and regional meetings are being held this week across the state. The project goals are to:
• Identify and validate existing relevant programs, services, and initiatives as effective tools for BR&E/LoA.
• Identify programs, services, and initiatives that are missing
• Organize programs, services, and initiatives into an interconnected system for BR&E/LoA
• Develop a comprehensive BR&E/LoA plan that illustrates how all partners contribute to retaining and growing jobs in Oklahoma
A final report, to be ready for the October meeting of The Governor’s Council on Workforce and Economic Development, will provide an assessment of what Oklahoma is doing and suggestions for additional programs, services, and initiatives.
Oklahoma’s Unemployment Rate Shows Continued Improvement In June, Oklahoma’s seasonally adjusted unemployment rate dropped by 0.1% to reach 4.7%. For the June-to-June period, statewide seasonally adjusted employment increased by 52,490 persons (+3.2 %). Oklahoma’s seasonally adjusted nonfarm employment added 500 jobs last month.