More good news from North Dakota, the most economically successful state in the country, thanks in large part to its booming energy sector:
1. The BLS reported today on Regional and State Employment and Unemployment for May, and North Dakota once again leads the country with: a) the lowest state jobless rate of 3.0% (more than 5 percentage points below the 8.2% national average and more than a point below second-placed South Dakota's 4.3% jobless rate), and b) the highest employment growth over the last year of almost 7%. As I reported recently, for the month of April there were ten North Dakota counties in the oil patch with jobless rates below 2%.
2. Jamestown Sun -- "The story of North Dakota’s envious economy just keeps getting bigger, with all of the state’s largest cities contributing to eye-popping growth. The state’s taxable sales and purchases increased 39 percent from 2010 to 2011 to more than $19 billion. North Dakota had double-digit increases in recent years, but nothing that rivals 40 percent. The 2011 annual report includes taxable sales and purchases statistics for the largest 200 cities in the state.
Williston surpassed Fargo in taxable sales and purchases by $100 million in 2011. Tax Commissioner Cory Fong called the victory of the oil city over the state’s largest city “the big news of this report.” Fargo’s total was $2.4 billion compared to Williston’s $2.5 billion. Williston had 88.5 percent growth from 2010 to 2011, compared to Fargo’s 10 percent."
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