I develop a rough estimate for oil industry revenue in North Dakota to show both the volatility, the progress, and the setbacks.
Estimating Oil Industry Revenue
North Dakota Economy Reset
North Dakota is thinking about recovery and that is great. Here is where some parts of the economy are right now to help understand how far we need to recover.
Defining Economic Resilience
Economic resilience gets mentioned often these days and I highlight a few points about this in the context of the current crisis.
ND labor markets still in flux
We are not out of the woods yet in North Dakota when it comes to labor market adjustments. Businesses and entire industries are still making changes to circumstances and situations so it should not be a surprise that it is happening with labor as well. This is a complicated dynamic with feedback between businesses and their customers that will present some problems.
Continue reading ND labor markets still in fluxNorth Dakota Labor Update
North Dakota labor markets are going to be a key to deciding the future course of the economy in the state. I discuss the big picture for just a few measures and it is not great news.