What New York City Can Learn From North Dakota
March 9 (Bloomberg) — The U.S. unemployment rate is 8.3 percent. In North Dakota, however, it was just 3.3 percent in December, the latest month for which figures are available. There’s no mystery about why North Dakota is booming: They’ve struck oil!
Production has increased more than fourfold since the beginning of 2008 and shows no signs of slowing down. And where there’s an oil boom, a jobs boom follows.