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.

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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.

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