I take a look at the incredibly low (in fact too low) rate of unemployment in ND and the recent changes.
ND County Unemployment Rates, May 2019
North Dakota Unemployment Rate, April 2019
I once again argue that the unemployment rate in North Dakota is too low.
Unemployment and the Grand Forks Flood
JT and I are devoting a portion of my weekly appearance to the Grand Forks Flood of 1997, and the business and economic consequences of the event. The consequences of some events are best understood with the perspective of time, and natural disasters are clearly this type of event. For today’s post I chose to look at unemployment, but in a slightly different way.
Updated labor force data
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.
A little more labor, ND labor force and unemployment rate
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.
Continue reading A little more labor, ND labor force and unemployment rate