I had some special assignments come up recently at UND that took up most of my time. I will be back to posting regularly ASAP.
This is something that JT and I talk about quite often relating sports and economics. The public subsidies for sporting arenas are difficult to make up in the best of circumstances, and are equally (if not more difficult) to quantify. Our sports facility management class actually attempts to address some of these issues.
The Bureau of Labor Statistic released updated data for North Dakota today, and as promised I am posting an update to the data from last week. Not much changed really. The preliminary unemployment rate for December 2016 is 3.0% which is the same as the revised rate for November. The November value was originally 2.9%. We are not going to get upset by a .1% revision.
I thought I would add another brief look at the data on North Dakota’s labor market before we close up the year with new data releases next week. Once again these data go through November of 2016, and start in the immediate aftermath of the problems in the oil industry.
Just a brief post about employment since the oil boom ended. As we are all aware we went right into a bust after the boom, which is not always the case, but that is a topic for another day. With that in mind I looked at the employment data since that time, essentially early 2015. Now keep in mind there were significant gains made, and I am not even close to claiming that we gave up all the gains, but we can identify the specific change event so it makes sense to look at variables after that event.