The South Dakota data is not available yet. I am going to post this and when I can add that data I will let you know.

As for the other state listed here, first North Dakota: Unemployment is up slightly as is expected at the beginning of the summer. That is because of all the college students looking for summer jobs. The interesting statistic is that there are 11,600 more people employed in June 2014 than in June 2013.

That is a good increase, but it does also show the maturing of the oil boom. The boom is still occurring as we can see by the number of drilling rigs, etc. However, the numbers have stabilized based on the people available to work the rigs, do the fracking, etc.

As I showed in my comparison posting last week the northern plains economy is improving. North Dakota is still the “best” economy, but the other states included (Minnesota, South Dakota, and Montana) are improving, and I think at rates better than the average around the nation.

So, just look at these and see that things in the plains are continuing as we expect. What I intend to show in the near future is that the new “Great Transformation” is continuing. That is, the new agriculture technology is continuing to empty the plains. Every acre will still be farm, in fact more intensely than it has in the recent past, but it will take fewer people, both on the farms and in the towns. In less than a quarter of a century we will not recognize the plains states.

At the start of the settlement of the plains the technology of the railroad meant a town every six miles. Before the middle of this century there will only be a town every fifty miles, or so. And that’s the truth.

 

Comments are closed.