The report showed higher sales and use tax collections, continued manufacturing expansion, and a resilient labor market alongside signs of slower economic growth.
Annual inflation eased to 3.5%, while core prices were unchanged from May.
The Oklahoma Farm Bureau publication warns the minimum wage proposal could raise costs for farmers, ranchers, small businesses and consumers.
The report says current and former municipal officials are raising concerns that wage mandates could lead to higher taxes, utility rates or service cuts.
A UC Santa Cruz working paper found California’s $20 fast-food wage was followed by fewer worker hours, higher menu prices, expanded automation and pressure on independent restaurants.
There's a small boost in confidence among small businesses across the nation, but many owners say inflation is impacting their operations.
