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Tulsa, OK

Tulsa, OK

Overall rank: 7

Tulsa, the second-largest city in the state, has remained relatively stable, in large part because of the oil and gas industry. Companies in the area include Arena Resources, an oil and gas producer, and AAON, a rooftop heating and air-conditioning unit maker. Employment in the Tulsa metro peaked in the fourth quarter of last year. Gross metropolitan product in the second quarter was down just 2.3% from the peak in the third quarter of last year. Home prices grew 2.5% in the second quarter compared with the same period a year earlier. And the unemployment rate in June was 6.8%, up 2.8 points from a year earlier. (Please see below for the various criteria used by the Brookings Institution to determine the overall ranking.)

Job growth (since peak) rank: 8
Gross Metro Product (since peak) rank: 16
Unemployment change (year over year) rank: 21
Home price change (year over year) rank: 17