In this post I branch out from the recent wage discussions to broaden the discussion of Grand Forks, ND by looking at employment comparisons.
I create a county map for North Dakota and look at the deviations of average weekly wage in those counties from the state average.
So after the post yesterday and some of the discussion today I realized I could smooth out the picture a bit more. I kind of kicked myself for breaking one of the main bits of guidance I give to my forecasting students. So I take a look at the quarterly data from last time, but this time we look at the percentage change from a year ago levels, thereby controlling for seasonal factors.Continue reading Another Look at ND Wage data
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.
I decided to further look at yield spreads and put a bit of a local spin on it by adding in the element of North Dakota oil production. I am trying to figure out if rates and rate movements impact the oil industry in North Dakota. The interesting thing here is that the cost structure of the firms is really different.Continue reading Yield Spreads and North Dakota Oil