Tag Archives: Economy

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North Dakota’s March Unemployment Rate: 2.6%, Down From 3% A Year Ago

North Dakota’s March Unemployment Rate: 2.6%, Down From 3% A Year Ago

No surprises in the latest job numbers for North Dakota. Unemployment remains at a rock-bottom low. In fact, it went a bit lower in March of 2014 compared to a year ago. In March of 2014 the state’s unemployment seasonally-adjusted rate was 2.6 percent. That’s down from 3 percent in Mach of 2013. The seasonally-adjusted

Half a Tank

North Dakota Leads States In Percentage Of Population Working

A couple of days ago Gallup released numbers showing North Dakota tops among states in that organization’s Job Creation Index. Now Gallup has another report out, this time measuring the payroll-to-population rate. “Gallup’s P2P metric tracks the percentage of the adult population aged 18 and older that is employed full time for an employer for

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Hunger Games America: Districts Beat The Capital In Job Creation

America’s present economic malaise is often described in terms of the popular book and move franchise The Hunger Games. It seems fitting. “While the provinces starve, the Capital City lives it up, its wheeler-dealer bigshots growing fat on the tribute extracted from the rest of the country,” wrote Glenn Reynolds (of Instapundit fame) for USA Today back in November of

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North Dakota Job Openings Decline, But There’s Still A Worker Shortage

North Dakota jobs are still plentiful, but there aren’t quite as many as before and growth seems to have plateaued. The state Job Service department issued their Online Jobs Opening Report for January of 2014, and the numbers are pretty interesting. They don’t represent the state’s entire job market, just “online job openings and resumés

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Extending Expanded Unemployment Benefits Is Bad For The Economy Says…Paul Krugman?

On his New York Times blog, Paul Krugman takes a shot at “right wing” thinking on extending expanded unemployment benefits, describing the position as “anti-scientific.” There’s a sort of standard view on this issue, based on more or less Keynesian models. According to this view, enhanced UI actually creates jobs when the economy is depressed.

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Chart Of The Day: Without Labor Force Shrinkage, Unemployment Rate Wouldn’t Be Improving

By now most political observers (if not necessarily American voters in general) are well aware of the problems with the U-3 unemployment rate number. It only measures the number of people who are unemployed who meet the government’s definition of active job seekers. The U-6 unemployment, per the BLS, presents a much more accurate picture:

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The Economy Stinks, And Young Workers Are Hit The Hardest

Job growth hit its lowest rate since 2011. The unemployment rate dipped slightly to 6.7%, but only after 342,000 people gave up looking for jobs and left the workforce, driving the labor force participation rate, which measures people actively looking for work, down to  62.8%. That’s a forty year low. “If the participation rate had stayed steady the

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