Updated labor force data

The Bureau of Labor Statistic released updated data for North Dakota today, and as promised I am posting an update to the data from last week. Not much changed really. The preliminary unemployment rate for December 2016 is 3.0% which is the same as the revised rate for November. The November value was originally 2.9%. We are not going to get upset by a .1% revision.

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The labor force number continued in the same pattern as well. The labor force continue to increase, which is interesting despite the supposed tough times in the state.

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Summing up, low unemployment rate continues and labor force continues to increase. Reasonably positive labor market dynamics seem to continue for the state.

Data source: Bureau of Labor Statistics, Local area unemployment statistics, North Dakota, downloaded January 24, 2017.

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