January 2013: Business Indicators

The number of active oil drilling rigs in the state continues to decline as older, less efficient rigs are replaced. However, despite the declining rig count, oil production and the number of producing wells continues to climb. The number of wells increased nearly 30 percent in the past twelve months; the volume of oil produced… [More…]

November 2012: Business Indicators

The North Dakota economy continues to grow at a phenomenal pace. In sharp contrast with the rest of the nation, the North Dakota construction industry is booming – residential building permits are up nearly 40 percent from last year. The labor market remains the strongest in the nation. Personal income growth is outpacing the national… [More…]