Tag Archives: Economy

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James Kerian: North Dakota Showcases The Power Of Competition

James Kerian: North Dakota Showcases The Power Of Competition

North Dakota’s elected officials like to take credit for our state’s booming economy. Their challengers like to point out that no incumbent every put oil in the ground. Some of North Dakota’s policy makers say that if other states did things our way the country would be in much better shape economically. Others retort that

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David Flynn: Is the Fed Losing Control of Inflation Expectations?

This is a little more macro/money than much of the stuff I post here but it seems to be something people miss sometimes. The Federal Reserve drastically lowered rates in response to the unfolding financial crisis in 2008 and later. Those rates remain low today, essentially set between 0.0 and 0.25%. Despite this range the

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David Flynn: What Really Drives the Price of Oil?

I have not looked at oil production time series for North Dakota in a while so I thought it time to take a look. Oil production, in fact most commodity production (and certainly extractive production) has an interesting cost structure. There are significant fixed cost elements to cover in order to generate profit. Notice in

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David Flynn: North Dakota Continues Stellar Labor Market Growth

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

APTOPIX North Dakota Flooding

LegitSlater: Despite Prosperity, ND Shamelessly Asks For Fed Funding It Does Not Really Need

As I was perusing the online dailies today, I came across something pretty interesting which I felt called for a little digging into. Glad I did. Apparently, with all the excitement happening in this state I missed that we had a natural disaster at the end of June of such a magnitude that the President

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David Flynn: Housing “Affordability” Not Necessarily a Sign of a Housing Problem

Housing remains a frequent topic of discussion for people in North Dakota. Most of the discussion falls under the heading of “affordability”, a suitably vague term essentially guaranteeing little to no progress on the issue, if it is a problem at all. What is the affordability issue? My suspicion is that people are thinking of

oilandgas

In North Dakota Oil And Gas Related Employment Makes Up 28 Percent Of Wages

As Bismarck Tribune reporter Nick Smith writes, lawmakers were given a comprehensive report yesterday detailing the oil and gas industry’s impacts on jobs in North Dakota. Not surprisingly, the impact is profound. The full report is below, but what caught my eye the most was the map above. It details, by county, the percentage of employment

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North Dakota Has Least Number Of People With Debt In Collections

According to this study from the Urban Institute, one in three Americans are being sought by debt collectors. That’s an astonishing number. Mortgage debt was excluded from the study, which included things like credit cards, car loans, medical bills, child support, and parking tickets. The average debt being sought is about $5,200. Not surprisingly, though,

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