Oklahoma City’s ability to avoid the economic doldrums afflicting much of the rest of the nation has garnered the city the #1 position in Forbes.com ranking of the top ten recession-proof cities in .
The Web site took note of the city’s low unemployment rate of 3.5% (down from 4.7% in February 2007), strong growth in agriculture, energy and manufacturing. It also highlighted that
Oklahoma City
had one of the strongest housing markets in the county with a year over year median home price increase of 8.2%. It also stated that
Oklahoma City
looks best positioned of the nation’s metropolitan areas to ride out the current crisis.
Booming valuations of
Oklahoma City
’s largest companies, like Devon Energy and Chesapeake Energy, suggest the energy sector is the right place to be. |
