Cameron University Business Research Center to host business forum to examine Unemployment, Job Growth and Low Oil Prices

Cameron University’s Bill W. Burgess, Jr. Business Research Center (BBRC) will host a business forum on “Unemployment, Job Growth and Low Oil Prices” on Wednesday, October 28, from 1 to 3 p.m. in the CETES Conference Center. The keynote speaker will be Lynn Gray, Chief Economist, Oklahoma Employment Security Commission. Gray’s presentation will examine state and local labor markets in light of today’s lower oil prices and will compare the current downturn to previous downturns. He will also highlight the impact on hiring, wages, the state’s unemployment trust fund, and employer taxes. The forum is open to the public at no charge.

“Oklahomans are enjoying lower prices at the gas pump, yet they should also be concerned about the long-range economic impact lower oil and gas prices have on Oklahoma’s economy,” says Dr. Syed Ahmed, Director, BBRC. “State officials are anticipating a significant budgetary shortfall for this fiscal year and are forecasting an even more dire outlook for the State’s fiscal health as they begin preliminary work on next year’s budget.”

A panel discussion will take place following Gray’s presentation. Joining the panel will be Mayor Fred Fitch, Lawton; Phil Kennedy, Chairman, Lawton Economic Development Corporation; Lyle Roggow, President, Duncan Area Economic Development Foundation; Debra Welch, President/CEO, Lawton Fort Sill Chamber of Commerce.

For more information, contact Dr. Syed Ahmed at 581-2430.

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October 20, 2015

PR#15-168