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Economy of Oklahoma City


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Other large employers in Oklahoma City include: AAA, American Fidelity Assurance, AT&T, BancFirst, Bank of America, Bank of Oklahoma, The Boeing Company, Braum's, The Coca-Cola Company, Continental Resources, Cox Communications, Deaconess Health System, Dell, Express Employment Professionals, Farmers Insurance Group, The Hartford, The Hertz Corporation, Hobby Lobby, Integris Health System, JPMorgan Chase, Johnson Controls, Love's Travel Stops & Country Stores, McKesson Corporation, Mercy Health System, MidFirst Bank, Oklahoma Publishing Company, OU Medicine, SandRidge Energy, Southwest Airlines, Sprint Nextel, St. Anthony Health System, Taco Mayo, Tinker Air Force Base, United Parcel Service, the University of Central Oklahoma, the University of Oklahoma, Williams-Sonoma, Xerox, the federal government and the state of Oklahoma.

According to the Oklahoma City Chamber of Commerce, the metropolitan area's economic output grew by 33 percent between 2001 and 2005 due chiefly to economic diversification. Its gross metropolitan product was $43.1 billion in 2005 and grew to $61.1 billion in 2009.

In 2008, Forbes magazine named Oklahoma City the most "recession proof city in America". The magazine reported that the city had falling unemployment, one of the strongest housing markets in the country and solid growth in energy, agriculture and manufacturing. However, during the early 1980s, Oklahoma City had one of the worst job and housing markets due to the bankruptcy of Penn Square Bank in 1982 and then the post-1985 crash in oil prices.

In 2013, Forbes ranked Oklahoma City No. 8 on its list of the Best Places for Business and Careers

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