North Dakota: America's "Economic Miracle State"
The chart above displays the indexes for North Dakota and the United States over the last ten years, showing that the economic activity in North Dakota is completely "off the charts," along with the state's oil production, which is also showing explosive growth and driving economic growth in the "miracle state." Even the "worst recession since the Great Depression" barely affected the shale oil-based economic activity in the Peace Garden State, and the February coincident index is 22% above the pre-recession level. Meanwhile the coincident economic activity index for the overall U.S. economy fell about 10.5% during the Great Recession and is still about 2% below the peak in late 2007. Drill, drill, drill = shovel ready jobs, jobs, jobs.