I made my class predict the next monthly unemployment observation. The result is in.
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.
What once could be viewed as distinguishing labor market characteristics are less distinctive and may signal problems to some businesses.
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.
I take a look at the incredibly low (in fact too low) rate of unemployment in ND and the recent changes.