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Economist warns of slow job growth but sees long-term opportunity for Edmond
Summary
Dr. Russell Evans told the Edmond council on Feb. 9 that national job creation slowed late last year, driving up unemployment, and that consumption is concentrated among high-income households. He said Oklahoma’s economy showed downward revisions and that urbanization presents long-term opportunities for cities like Edmond.
Dr. Russell Evans delivered a roughly 10–12 minute economic outlook at the council’s Feb. 9 budget kickoff, framing national and Oklahoma trends that staff should consider when setting revenue assumptions.
Evans said the national economy ‘‘basically stalled out in the second half of last year,’’ with job creation weaker than needed to hold the unemployment rate steady.…
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