February 2019 Newsletter

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ECONOMIC INDICATORS

Retail Sales

December retail sales ended at $52.8 million dollars- the highest December total since 2014 when sales totaled $51.4 million. For the year retail sales in Ardmore totaled $611.10 million, an 8.1% increase over the 2017 total.

Building Permits

A total of 760 building permits valuing $65.7 million were filed with the City of Ardmore in 2018. Comparatively, a total of 661 permits valuing $32.5 million were issued during 2017. The significant increase in value for 2018 permits can be attributed to multiple commercial projects that began during 2018.

Carter County Unemployment

The December unemployment rate for Carter County was 3.1% or 681 persons. In December 2017 unemployment for the county was higher at 4.0% or 899 persons.

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