• North Dakota Revenue Forecast Comments

    by  • 2015/03/20 • 0 Comments

    The legislative session is in high gear and on March 18th the OMB released what they are calling their March 2015 Revenue Forecast (found here). This is an updated revenue number for the legislators, and I think it comes as no surprise that some of the numbers were down, especially oil. Looking ahead to...

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    Population Changes in ND, First Iteration

    by  • 2015/03/20 • 0 Comments

    A standard question of late on the Jarrod Thomas Show focuses on the possible changing pecking order for cities in North Dakota. Essentially JT and I wonder aloud about the implications for Grand Forks from changes in population due to the change in economic structure in North Dakota. So this is a first stab...

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    How to Track U.S. Oil Industry

    by  • 2015/03/06 • 0 Comments

    The latest, greatest way to track performance in the U.S. oil industry is to look at the rig count released by Baker Hughes (see this Bloomberg article for a bit of discussion and links). The rig count was down 64 as U.S. oil companies continued retrenching in the face of lower oil prices.

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    Grand Forks Economic Development, Round 2

    by  • 2015/03/05 • 0 Comments

    I will make some comparisons between communities later, but I looked at location quotients (LQ) for Grand Forks employment by sector compared to the national average. It may not come as a surprise to others, but it did surprise me, that the Grand Forks metropolitan statistical area does not have high LQs, typical of...

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    Grand Forks Economic Development, Round 1

    by  • 2015/03/02 • 3 Comments

    I get many questions about local economic development these days. The specific geography is usually either Grand Forks, city, county or metropolitan area, or the counties in northeast North Dakota. These questions come on the radio, from newspaper reporters, and general conversations from the public. The basicĀ form of the question is, “What can or...

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    Oil Price & ND Mining Employment, Round 1

    by  • 2015/01/29 • 0 Comments

    The December numbers for employment came out and I thought we would look at the mining category (which includes logging) against the West Texas Intermediate crude price per barrel. What we see is the following: What does this tell us? I think it is an argument that oil employment is following a threshold process....

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    Oil & Earnings in Grand Forks

    by  • 2015/01/27 • 0 Comments

    So employment data in North Dakota occupied most of my thoughts over the last week or so. I thought it time to take a quick look at earnings data from the Bureau of Economic Analysis. Quite often I hear people mention the concept of diversification with a local economy as if it represents a...

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    Ludicrous Speed!

    by  • 2015/01/22 • 0 Comments

    I field a significant number of questions about the pace of economic activity in North Dakota, specifically the oil patch, from individuals not in the state or even the region. The answer I usually want to provide is summed up here:      

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    Employment in Grand Forks city and county

    by  • 2015/01/22 • 0 Comments

    A little follow-up to the postings on employment, particularly for the one about Grand Forks (here). Talking with JT on the radio today, or maybe it was off-air, the difference between city and county came up. So let’s take a look at this: As se can see, these two graphs could almost rest one...

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