Why North Dakota Is Booming? 3.8% Unemployment
See Wall Street Journal Op/Ed piece by Joel Kotkin
MARCH 15, 2011 Why North Dakota Is Booming
They're drilling for oil, attracting high tech, and keeping the tax burden moderate. Result: 3.8% unemployment..
■ "progressives in California—which sits on its own prodigious oil supplies—abhor drilling, promising green jobs while suffering double-digit unemployment, higher utility rates and the prospect of mind-numbing new regulations that are designed to combat global warming and are all but certain to depress future growth."
■ " Between 2002 and 2009, [North Dakota] state employment in science, technology, engineering and math-related professions grew over 30%, according to EMSI, an economic modeling firm. This is five times the national average.
■ " North Dakota now outperforms the nation in everything from the percentage of college graduates under the age of 45 to per-capita numbers of engineering and science graduates. Median household income in 2009 was $49,450, up from $42,235 in 2000. That 17% increase over the last decade was three times the rate of Massachusetts and more than 10 times that of California."
■ " North Dakota is a right-to-work state, which makes it attractive to new employers, especially in manufacturing"
MARCH 15, 2011 Why North Dakota Is Booming
They're drilling for oil, attracting high tech, and keeping the tax burden moderate. Result: 3.8% unemployment..
■ "progressives in California—which sits on its own prodigious oil supplies—abhor drilling, promising green jobs while suffering double-digit unemployment, higher utility rates and the prospect of mind-numbing new regulations that are designed to combat global warming and are all but certain to depress future growth."
■ " Between 2002 and 2009, [North Dakota] state employment in science, technology, engineering and math-related professions grew over 30%, according to EMSI, an economic modeling firm. This is five times the national average.
■ " North Dakota now outperforms the nation in everything from the percentage of college graduates under the age of 45 to per-capita numbers of engineering and science graduates. Median household income in 2009 was $49,450, up from $42,235 in 2000. That 17% increase over the last decade was three times the rate of Massachusetts and more than 10 times that of California."
■ " North Dakota is a right-to-work state, which makes it attractive to new employers, especially in manufacturing"
Labels: Economy, Energy, Environment
posted by Gene Felder at 9:17 AM
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