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Notes From the Fieldby Martin Weil

November 25, 2013

Quick – where in the US can you find a 0.6% unemployment rate?

N Dakota employment

 

Williams Co, North Dakota, thank you very much. And that is point 6 percent, not six point zero percent. This is all due to mining employment and the new petroleum fracturing production technologies that have created an “Oil Rush” in the region. Unemployment is down dramatically across the entire state. According to 361 Capital, Williams County had a per capita personal income of $116,978 in 2012, versus $39,523 in 2007.

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