Tag Archives: jobs

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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

Fast Food Protests

Minimum Wage Hike Hasn’t Worked Out Well For British Youth

Europe might hold a lesson for the United States as President Obama and Democrats continue to push for a minimum wage hike. Via Uneconomical, a UK economics blog, it seems as though the Brits are having problems with a weak job market for young workers, despite relatively strong growth among other demographics, and some are

ndjobopenings

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

unemployment-benefits

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.

sd

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:

Obama_bad_luck

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

John Hoeven

Hoeven Jumps On Board With Temporary Extension Of Expanded Unemployment Benefits

Yesterday Senator John Hoeven voted against beginning debate on an renewal of expanded unemployment benefits. But today Senator Hoeven is part of a coalition of Senate Republicans who want a three-month extension of the expanded benefits in exchange for restoring funding for military veterans. A group of Republican senators plans to offer a way to

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