There is naturally a great deal of interest in the situation of the labor market and the Fed funds rate so I thought to look at some ND labor market measures and the funds rate.
North Dakota Labor Update
North Dakota labor markets are going to be a key to deciding the future course of the economy in the state. I discuss the big picture for just a few measures and it is not great news.
Class Unemployment Rate Forecast
I made my class predict the next monthly unemployment observation. The result is in.
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.