{"id":275800,"date":"2023-09-19T11:57:40","date_gmt":"2023-09-19T16:57:40","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=275800"},"modified":"2023-09-19T11:57:41","modified_gmt":"2023-09-19T16:57:41","slug":"north-dakotas-unemployment-rate-1-5-for-august","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=275800","title":{"rendered":"North Dakota\u2019s Unemployment Rate 1.5% For August"},"content":{"rendered":"\n

BISMARCK, N.D. <\/strong>\u2013<\/strong> Job Service North Dakota reported that labor statistics released today show North Dakota\u2019s August not seasonally adjusted unemployment rate was 1.5 percent. The unemployment rate declined 0.4 of a percentage point between July and August<\/a>. <\/a>August 2022\u2019s rate was 0.6 of a percentage point higher than the current rate.<\/p>\n\n\n\n

Between July 2023 and August 2023 unemployment fell by 1,499, a decrease of 18.8 percent. North Dakota typically sees a slight decline in unemployment numbers between July and August. The over-the-year decrease (August 2022 to August 2023) in unemployed labor force was 2,158, a loss of 24.9 percent.<\/p>\n\n\n\n

The national not seasonally adjusted unemployment rate for August was 3.9 percent. It was 3.8 percent the prior month and 3.8 percent the prior year.<\/p>\n\n\n\n

North Dakota Not Seasonally Adjusted Labor Force Data<\/strong><\/td><\/tr>
 <\/strong><\/td>August 2023<\/strong><\/td>July 2023<\/strong><\/td>August 2022<\/strong><\/td><\/tr>
Unemployment Rate<\/strong><\/td>1.5%<\/td>1.9%<\/td>2.1%<\/td><\/tr>
Unemployed<\/strong><\/td>6,492<\/td>7,991<\/td>8,650<\/td><\/tr>
Employed<\/strong><\/td>414,091<\/td>416,579<\/td>411,924<\/td><\/tr>
Labor Force<\/strong><\/td>420,583<\/td>424,570<\/td>420,574<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The nation\u2019s seasonally adjusted unemployment rate was 3.8 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 one year ago. The seasonally adjusted rate for North Dakota was 1.9 percent, lower than the prior month by 0.1 of a percentage point, and 0.1 of a percentage point lower than 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 August, North Dakota ranked 4th<\/sup> among all states\u2019 unemployment rates, at 1.9 percent. South Dakota tied with North Dakota. Maryland came in 1st place, with an unemployment rate of 1.7 percent.<\/p>\n\n\n\n

Seasonally Adjusted Unemployment Rates<\/strong><\/td><\/tr>
 <\/strong><\/td>August 2023<\/strong><\/td>July 2023<\/strong><\/td>August 2022<\/strong><\/td><\/tr>
North Dakota<\/strong><\/td>1.9%<\/td>2.0%<\/td>2.0%<\/td><\/tr>
United States<\/strong><\/td>3.8%<\/td>3.5%<\/td>3.7%<\/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 August 2023 not seasonally adjusted employment increased 1.8 percent (+7,800) from the same period one year ago and decreased 0.3 percent (-1,200) over the month.<\/p>\n\n\n\n

Ten of the 13 major industries reported year-over-year employment increases, led by Mining and Logging posting a gain of 2,400 jobs (+14.0 percent). Government (+2,100), Leisure and Hospitality (+1,300), Professional and Business Services (+1,000), Private Educational and Health Services (+900), Wholesale Trade (+900), and Retail Trade (+700) reported substantial gains in employment.<\/p>\n\n\n\n

Construction (-1,500), Financial Activities (-500), and Information (-300) 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 (-500). The Grand Forks and Fargo metro areas posted employment gains of 1,900 and 1,100, respectively.<\/p>\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 (+400), and Retail Trade (+300). The largest employment reductions occurred in Government (-400), Information (-300), and Mining, Logging and Construction (-300).<\/li><\/ul>\n\n\n\n

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

    • Retail Trade (+300), Wholesale Trade (+200), Private Educational and Health Services (+200), Manufacturing (+100), and Transportation, Warehousing and Utilities (+100) reported employment gains. The most substantial losses occurred in Government (-700), Leisure and Hospitality (-300), and Mining, Logging and Construction (-200).<\/li><\/ul>\n\n\n\n

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

      • Seven of the 12 major industries reported year-over-year employment increases. Government (+1,000), Retail Trade (+500), Manufacturing (+200), and Professional and Business Services (+200) posted the largest gains in employment. The only losses were reported in Mining, Logging and Construction (-200) and Financial Activities (-100).<\/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 August not seasonally adjusted unemployment rate was 1.5 percent. The unemployment rate declined 0.4 of a percentage point between July and August. August 2022\u2019s rate was 0.6 of a percentage point higher 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-275800","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\/275800","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=275800"}],"version-history":[{"count":1,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/275800\/revisions"}],"predecessor-version":[{"id":275801,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/275800\/revisions\/275801"}],"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=275800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=275800"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=275800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}