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Wednesday, January 25, 2012

Bakken: Another Great Update -- Jobs Growth in North Dakota -- Spectacular -- Not My Word -- Take It From Others

Link here to CarpeDiem. com.
The state of North Dakota continued to lead the country in December with: a) the lowest state jobless rate at 3.3%, and b) the highest annual rate of employment growth in December at 5.7%, which also set a new all-time North Dakota record for the largest 12-month percentage employment increase since monthly records started back in 1990.  The 5.7% over-the-year percentage job gain for North Dakota in December was almost twice the 3% pace of job growth in Utah, the state with the second highest job growth in 2011.

Job growth in the state's booming oil industry was spectacular, with almost a 40% increase in mining jobs in 2011.   Further, North Dakota has nine counties with jobless rates at 2% or less for November, and one county - Williams County, at the epicenter of the Bakken oil region - with a jobless rate less than 1%.   
There is much more at the linked site.

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