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.
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.
I look at the occupational sectors for recent ND initial unemployment claims to facilitate discussions about policy to assist impacted businesses.
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.
I am starting to look at a predictive model for decline and recovery in North Dakota due to energy prices and COVID-19. This is some of my early thinking.