I made my class predict the next monthly unemployment observation. The result is in.
Class Unemployment Rate Forecast
Whatever is reported for ND unemployment rate, the real number is worse.
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.
We need a new way to talk about labor markets in North Dakota
What once could be viewed as distinguishing labor market characteristics are less distinctive and may signal problems to some businesses.
ND July Unemployment Rate
Unemployment is not a useful policy metric in North Dakota, though it gets mentioned often. I look at the recent data, map it, and discuss.
ND County Unemployment Rates, May 2019
I take a look at the incredibly low (in fact too low) rate of unemployment in ND and the recent changes.