Updated labor force data
The Bureau of Labor Statistic released updated data for North Dakota today, and as promised I am posting an update to the data from last week. Not much changed really. The preliminary unemployment rate for December 2016 is 3.0% which is the same as the revised rate for November. The November value was originally 2.9%. We are not going to get upset by a .1% revision.
The labor force number continued in the same pattern as well. The labor force continue to increase, which is interesting despite the supposed tough times in the state.
Summing up, low unemployment rate continues and labor force continues to increase. Reasonably positive labor market dynamics seem to continue for the state.
Data source: Bureau of Labor Statistics, Local area unemployment statistics, North Dakota, downloaded January 24, 2017.