I create a county map for North Dakota and look at the deviations of average weekly wage in those counties from the state average.
So after the post yesterday and some of the discussion today I realized I could smooth out the picture a bit more. I kind of kicked myself for breaking one of the main bits of guidance I give to my forecasting students. So I take a look at the quarterly data from last time, but this time we look at the percentage change from a year ago levels, thereby controlling for seasonal factors.Continue reading Another Look at ND Wage data
For a first comparison of Grand Forks I look at county wages for five counties in North Dakota while we try to figure out what type of city Grand Forks really is.
Numerous callers over the past few weeks mentioned that age increases are not really keeping pace with inflation. This is something mentioned significantly at the national level too. As a result I used the CPI to adjust the wage data from the post last (found here) week about wage comparisons to get a sense of the curve shapes after the adjustment. I put them all in terms of 200Q4 level. The adjustment is the same for the different regions so there is not added value in the comparison of the different regions really, it is more the comparison of the nominal and real values.
The radio audience really responded to the topics of income and wages the last few weeks. Along with the population posts (which I confess I find more interesting) I include another look at wages. I grabbed the data for goods producing and service providing jobs in three North Dakota counties: Cass, Grand Forks, and Williams. Nothing necessarily scientific about the county selection, just three that I know and that will likely give us something to ponder.