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Monday, July 4, 2011

North Dakota, Spurred by Energy and Ag Boom, Has 3.2 Percent Unemployment

The state's workforce directly employed in the oil industry has risen from 4,500 in 2005 to about 35,000 today. "On any given Monday, we've got 1,700 job openings directly related to the oil industry," Ness said. But since oil production requires a great deal of support, the boom has created demand for a range for workers: truckers, accountants, cooks, HR managers. In Williston, gas stations, convenience stores and McDonald's are offering $12.50 to $15.00 an hour for entry-level jobs.Oakey Replica Wholesale
The impact of oil is spilling over into the rest of the state. Bismarck is home to MDU Resources, a mini-conglomerate that until recently was the state's only member of the Fortune 500.Knockoff Oakleys

The company's utility unit, which provides electricity to the western part of the state, has seen its business rise 5 percent in the past year. That's hypergrowth for a utility. "All our businesses are impacted — in construction, energy and the utility," said CEO Terry Hildested, sitting in a corner office of a with 50-mile views across Bismarck and the plains.In May nonfarm payroll employment was up 4.3 percent from the year before, and the unassuming state sported a gaudy 3.2 percent unemployment rate. In several counties, the rate is below one percent. The state jobs office has 15,205 listings, up 64 percent from May 2010.Fake Ray Ban Sunglasses

North Dakota, which is one of the smallest states by population (about 670,000) and one of the largest geographically, has .7 unemployed persons for every job opening. In the U.S., the labor force participation rate is an anemic 64.2 percent. In North Dakota, it stands at 74 percent.fake ray bans wholesale

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