If you read the national and regional news there isn’t much I can add here for the employment report for the northern plains. Well, some detail that most readers probably know, but just to emphasize here it is:

North Dakota is still growing. There is some growth that is explainable, but I am not sure about some of it. For instance, the growth in Fargo, the size of the growth is a little hard to understand compared to the rest of the country. The only thing I would say is that town is continuing to be the Twin Cities furthest northwest suburban area and Minnesota, especially the Twin Cities metropolitan area, and more, has had good growth the past year. I think Fargo and Sioux Falls are benefiting from that growth. Good for North Dakota.

Good for South Dakota, too. Probably it is more accurate to say even “gooder” for South Dakota. Unlike North Dakota, South Dakota doesn’t have those four bigger towns and then a few medium size. Instead, it has one big town (Sioux Falls) and then several bigger towns that have significant economies.

Of course South Dakota doesn’t have the oil boom economy and its growth hasn’t been as dramatic as North Dakota’s, but it has had a good recovery and it shows with the good unemployment rates in those “bigger small towns”.

While the wild growth days of the oil boom in North Dakota is gone (as planned for), but there is still plenty of growth left. There are suppose to be 25,000 plus unfilled jobs still in the state. What happens this fall could create a change if voters take an anti-growth attitude. It will be interesting to see what happens and could give journalist a lot to write about for the next two years. As for me, I don’t expect that, at least to any significant degree.

In the meantime, here is the report for this month, and as I said about the state revenues report last week: “Second verse, same as the first, a little bit….

 

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