{"id":273202,"date":"2023-06-16T11:27:29","date_gmt":"2023-06-16T16:27:29","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=273202"},"modified":"2023-06-16T11:27:59","modified_gmt":"2023-06-16T16:27:59","slug":"north-dakotas-unemployment-rate-1-9-for-may","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=273202","title":{"rendered":"North Dakota\u2019s Unemployment Rate 1.9% for May"},"content":{"rendered":"\n

Bismarck, N.D. <\/strong>\u2013<\/strong> Job Service North Dakota reported that labor statistics released today show North Dakota\u2019s May not seasonally adjusted unemployment rate was 1.9 percent. The unemployment rate decreased 0.2 of a percentage point between April and May<\/a>. <\/a>May 2022\u2019s rate was 0.2 of a percentage point lower than the current rate.<\/p>\n\n\n\n

Between April 2023 and May 2023 unemployment fell by 983, a decrease of 11.0 percent. North Dakota typically sees a moderate change in unemployment numbers between April and May. The over-the-year increase (May 2022 to May 2023) in unemployed labor force was 795, a gain of 11.1 percent.<\/p>\n\n\n\n

The national not seasonally adjusted unemployment rate for May was 3.4 percent. It was 3.1 percent the prior month and 3.4 percent the prior year.<\/p>\n\n\n\n

North Dakota Not Seasonally Adjusted Labor Force Data<\/strong><\/td><\/tr>
 <\/strong><\/td>May 2023<\/strong><\/td>April 2023<\/strong><\/td>May 2022<\/strong><\/td><\/tr>
Unemployment Rate<\/strong><\/td>1.9%<\/td>2.1%<\/td>1.7%<\/td><\/tr>
Unemployed<\/strong><\/td>7,980<\/td>8,963<\/td>7,185<\/td><\/tr>
Employed<\/strong><\/td>413,249<\/td>409,961<\/td>408,434<\/td><\/tr>
Labor Force<\/strong><\/td>421,229<\/td>418,924<\/td>415,619<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The nation\u2019s seasonally adjusted unemployment rate was 3.7 percent for the month, higher than the prior month by 0.3 of a percentage point, and 0.1 of a percentage point higher than the same period one year ago. The seasonally adjusted rate for North Dakota was 2.1 percent, the same as the prior month, and 0.1 of a percentage point higher than the same period one year ago. The seasonal adjustment process uses a statistical adjustment to accommodate predictable fluctuations between months such as length of daylight and typical weather, allowing for comparison between all months of a year.<\/p>\n\n\n\n

In May, North Dakota ranked 4th<\/sup> among all states\u2019 unemployment rates, at 2.1 percent. Vermont tied with North Dakota. Nebraska, New Hampshire, and South Dakota tied for 1st place, with unemployment rates of 1.9 percent.<\/p>\n\n\n\n

Seasonally Adjusted Unemployment Rates<\/strong><\/td><\/tr>
 <\/strong><\/td>May 2023<\/strong><\/td>April 2023<\/strong><\/td>May 2022<\/strong><\/td><\/tr>
North Dakota<\/strong><\/td>2.1%<\/td>2.1%<\/td>2.0%<\/td><\/tr>
United States<\/strong><\/td>3.7%<\/td>3.4%<\/td>3.6%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

North Dakota\u2019s Nonfarm Employment<\/strong><\/p>\n\n\n\n

Preliminary estimates indicate North Dakota\u2019s May 2023 not seasonally adjusted employment increased 2.1 percent (+8,800) from the same period one year ago and increased 1.5 percent (+6,600) over the month.<\/p>\n\n\n\n

Eight of the 13 major industries reported year-over-year employment increases, led by Mining and Logging posting a gain of 3,200 jobs (+20.1 percent). Leisure and Hospitality posted the second largest employment increase, with a gain of 2,400 jobs (+6.1 percent). The Arts, Entertainment, and Recreation subsector contributed the largest portion of this increase, a gain of 1,600 jobs. Other prominent super sector employment increases were reported in Private Educational and Health Services (+1,400), Retail Trade (+900), Wholesale Trade (+700), and Other Services (+600).<\/p>\n\n\n\n

Construction (-200), Information (-200), Manufacturing (-200), Transportation, Warehousing and Utilities (-200), and Financial Activities (-100) posted decreases in employment.<\/p>\n\n\n\n

METRO AREAS<\/strong><\/strong><\/p>\n\n\n\n

Of North Dakota’s three metro areas over-the-year, Bismarck was the only metro area to post an employment loss (-900). The Fargo and Grand Forks metro areas posted employment gains of 1,800 and 1,100, respectively.<\/p>\n\n\n\n

GRAND FORKS<\/strong><\/p>\n\n\n\n

  • Seven of the 12 major industries reported year-over-year employment increases. Government (+300) posted the largest gain in employment. Losses were posted in Transportation, Warehousing, and Utilities (-100) and Mining, Logging, and Construction (-100).<\/li><\/ul>\n\n\n\n

    FARGO<\/strong><\/p>\n\n\n\n

    • Prominent employment gains took place in Private Educational and Health Services (+1,300), Leisure and Hospitality (+700), and Manufacturing (+300). The largest employment reduction occurred in Transportation, Warehousing, and Utilities (-300). All other industries either remained stable or reported employment fluctuations of 200 or less.<\/li><\/ul>\n\n\n\n

      BISMARCK<\/strong><\/strong><\/p>\n\n\n\n

      • Manufacturing (+100), Wholesale Trade (+100), Private Educational and Health Services (+100), and Other Services (+100) reported employment gains. The most substantial losses occurred in Leisure and Hospitality (-400), Government (-300), Professional and Business Services (-200), and Mining, Logging and Construction (-200).<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"

        Bismarck, N.D. \u2013 Job Service North Dakota reported that labor statistics released today show North Dakota\u2019s May not seasonally adjusted unemployment rate was 1.9 percent. The unemployment rate decreased 0.2 of a percentage point between April and May. May 2022\u2019s rate was 0.2 of a percentage point lower than the […]<\/p>\n","protected":false},"author":4,"featured_media":270562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-273202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/273202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=273202"}],"version-history":[{"count":1,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/273202\/revisions"}],"predecessor-version":[{"id":273203,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/273202\/revisions\/273203"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/270562"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=273202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=273202"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=273202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}