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…]

October 2012: Business Indicators

Oil production, an important driver of North Dakota’s economy, continues to climb. Although rig counts have dropped in recent months, production continues to reach new record levels. August production topped 700,000 barrels per day, an increase of nearly 60 percent in the past twelve months. The impact of the oil industry on the labor market… [More…]