A quick look at the morning headlines before the radio interview today.
Morning Brief: Radio today, Unemployment Claims
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.
Unemployment & Income in ND, MN
I gave a presentation today that included the following graphs. I looked at unemployment on a county-by-county basis in Minnesota and North Dakota. The concentrations of unemployment are pretty interesting.
Continuing claims, North Dakota
Along with the initial claims we can look at the continuing claims for unemployment insurance from the same source, and I think it better displays the unemployment situation in North Dakota than the initial claims.
North Dakota Labor Data ~ July 2014 Edition
The Bureau of Labor Statistics (BLS) released data on employment and unemployment from the Current Employment Statistics survey. North Dakota was number one in the country with a 4.4% increase in total nonfarm employment from year ago levels. That is 12 consecutive months where the year-over-year percent change was at or above 3%, and something like 55 months in a row that the number was positive. This is a pretty stellar performance.
Continue reading North Dakota Labor Data ~ July 2014 Edition