Bloomberg has a nice little piece about Cubs ticket prices going up after the game starts. This obviously goes a little bit against conventional wisdom as they demonstrate in the article. Well worth a read and of course, if conventional wisdom was going to break down, we know it would be the Cubs that make it so.
I was on the radio with Jarrod Thomas again today and the early topic was baseball. One of the aspects we discussed was when Manager Dave Roberts should pitch Clayton Kershaw. There was speculation Kershaw could be moved up to pitch tonight in game 5, and the betting lines fluctuated based on what people thought would happen.
Along with the initial claims we can look at the continuing claims for unemployment insurance from the same source, and I think it better displays the unemployment situation in North Dakota than the initial claims.
Continue reading Probabilistic Thinking & Local Economic Development
The discussion surrounding the oil boom and broader performance in the North Dakota economy tends to focus on variables such as employment, unemployment, and labor force. Nothing wrong with that really; these three measures provide important insights into labor markets and, at least indirectly, broader economic performance. There is a different measure, available with a much higher frequency and likely more useful to the broader discussions of economic performance: unemployment insurance claims.