Tuesday, December 06, 2011

Ten N.D. Counties Have Jobless Rates Below 2%

 North Dakota County   October Jobless Rate 
Williams County 0.9%
Slope County 1.1%
Mountrail County 1.3%
McKenzie County 1.4%
Billings County 1.5%
Stark County 1.5%
Dunn County 1.7%
Bowman County 1.9%
Oliver County 1.9%
Steele County 1.9%

According to the North Dakota state government, there were ten counties in the state (out of 51) that had unemployment rates below 2% in the month of October (see chart above).  Williams County leads the country with the lowest jobless rate for any county at 0.9%.  Almost all of these counties are in the western part of the state that sits on top of the vast oil resources of the Bakken formation.  The drilling boom for shale oil in North Dakota has led to a jobs boom and the lowest state unemployment rate in the country (2.6% in October, not seasonally adjusted), with some North Dakota counties falling below 2% this year.

Drill, drill, drill = jobs, jobs, jobs.

6 Comments:

At 12/07/2011 12:43 AM, Blogger Che is dead said...

I guess that everyone is employed burning all those 10Ks so that no one - except Vange - finds out that the industry is unsustainable.

 
At 12/07/2011 4:39 AM, Blogger rjs said...

slope county has a population of 675, montrail just over 6500; employing that many will hardly solve the unemployment problem...

487,000 people got discouraged & dropped out of the labor force in november, more than the entire population of ND...

 
At 12/07/2011 5:40 AM, OpenID moneyjihad said...

I'd settle for 5 percent.

 
At 12/07/2011 7:11 AM, Blogger Ed R said...

An even more important reason these counties report low unemployment is that they are rural agriculture with no industry or commerce.

It is difficult to be 'unemployed' when you live and work on your own farm.

 
At 12/07/2011 9:16 AM, Blogger juandos said...

"487,000 people got discouraged & dropped out of the labor force in november, more than the entire population of ND"...

Not exactly but your point is a good one none the less...

From the JOLTS section of the BLS: There were 3.4 million job openings on the last business day of September, the U.S. Bureau of Labor Statistics reported today...

 
At 12/07/2011 7:30 PM, Blogger Andrew John said...

#1 on the list, Williams county is the epicenter of the bakken oil boom. A giant oilfield industrial complex is taking shape there.

Anyone who says there is no industry in these counties (like Ed R) are FOOLS!

 

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