Economics

The topic of annual pay clearly was important to many callers last week and so I thought I would follow up with a bit of a different look at the issue. I wanted to take a look state wide at the hot spots for compensation. This is BLS QCEW data for all industries for all firm sizes. I ran it for the last ten years but we are going to look at three years, 2007, 2012, 2017. 

Continue reading Annual Pay Across North Dakota

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So I exchanged text messages with a friend about local economic data last week, and they asked about the rate of inflation and wage gains and what was happening with that nationally and locally. Enough sources deal with the national picture that I decided to focus on the local picture for this post. I used the CPI (all urban consumers, national average), since that is what my friend discussed, to calculate the real value of annual pay for Grand Forks county. 

Continue reading Real and Nominal Pay in Grand Forks County

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The big month is finally here! We now have a month with sales tax numbers reflecting the increased sales tax rate for the Grand Forks. We are all so happy that we could… Alright, enough of that. The results are somewhat to be expected. From the May 2018 total June was down over $200,000. Costs go up with the sales tax increase and people and businesses adjust if they are able. The more problematic part really is that June 2018 is down almost 1% fro June 2017, more than $120,000. These are not outcomes we particularly like even though they are somewhat predictable.

Continue reading June 2018 Grand Forks Sales Tax Forecast

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