For a first comparison of Grand Forks I look at county wages for five counties in North Dakota while we try to figure out what type of city Grand Forks really is.
A summary of the discussions from my weekly appearance on the Jarrod Thomas Show (@jtknoxradio). The two main themes were evaluating local area economic performance and retail trade.
A radio caller wants me to give Grand Forks a grade for their economic performance in the last year. Here are some of the questions we need to answer first.
The radio audience really responded to the topics of income and wages the last few weeks. Along with the population posts (which I confess I find more interesting) I include another look at wages. I grabbed the data for goods producing and service providing jobs in three North Dakota counties: Cass, Grand Forks, and Williams. Nothing necessarily scientific about the county selection, just three that I know and that will likely give us something to ponder.
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.