The fact is it is only those that survived to this point that can even have the debate about the costs to the economy. That should be remembered.
The Survivors’ Luxury
Whatever is reported for ND unemployment rate, the real number is worse.
Economic statistics are unable to keep up with the pace of change right now, so I tried to come up with a more accurate picture of the unemployment situation in North Dakota.
Updated Occupational Distribution Data, 9 April 2020
With a new initial claims observation for North Dakota I updated the data and the calculations and provide the cumulative numbers through the last observation and the current observation.
Occupational Distribution of Initial Claims in ND
I look at the occupational sectors for recent ND initial unemployment claims to facilitate discussions about policy to assist impacted businesses.
Initial Unemployment Claims in ND
In numerous media interviews this last week there were questions about the impacts of disease and oil prices on the state economy. Here is a first look at a scaling of the initial claims data to make clear the size of the problem by county.