I was thinking about North Dakota and the population shifts and changes of the the last few years. The economics of the state are so clearly connected to the population changes, which are clearly connected to the economic changes in the state too. There really is an intense and important feedback relationship between population and economics in this state in particular.
The demographic transitions within North Dakota due to the Bakken oil boom are simply fascinating. These are part of my presentations at the North Dakota Demographics Conference. Some of this may be updated in the next few days because the Census Bureau released new data today that I am still working through even as I write this. Multitasking with writing blog posts and computer code is one of my skills. Ask JT about it on his radio show sometime.
The three frequent readers of my blog over the last several months probably noticed a repeating theme to my posts: population. A logical question to ask would be, why this focus? Quite frankly, and this is my opinion, population is the root of economic activity and the very economic actors we attempt to model.
A little data update regarding the North Dakota population. More of these will follow for sure. Looking at the American Community Survey over the last few years the percentage of the North Dakota population with hispanic origin is on the rise, and according to the last update for July of 2014 it is now above 3%.