Over the last couple of days we have looked at the growth — or otherwise — of human capital in North Dakota in the last few years in an attempt…
A new report released today from American Experiment North Dakota shows the state’s economic growth has slowed down since 2014 after a period of rapid growth that began in 2009, but that…
Back in May, when the Bureau of Economic Analysis (BEA) announced that “Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025 (January,…
Performance Yesterday, we saw that the average annual growth rate of North Dakota’s employment ratio went from being the seventh best ranked in 2008-2014 to 49th in 2014-2023. Changes in…
Yesterday, we looked at North Dakota’ erratic performance in per capita GDP over the last few years. We noted that, using a technique called “growth accounting,” we could break this…
The importance of per capita economic growth What matters for economic welfare is per capita income. This is a general measure of welfare, telling us how much, per person, is…
Over the last few weeks, I’ve written about how North Dakota and its neighbors have very different economic policies but very similar employment outcomes and how they have similarly high levels of what is…
Few household expenses cost as much as childcare. In North Dakota, for instance, center-based care for infants consumes over 10 percent of the median household income. That’s higher than in-state…
Compared to its neighbors, North Dakota has relatively affordable childcare. However, there is room for improvement, particularly for older children and for home-based childcare. Easing regulations could help. According to…
Census Bureau data show that, between July 1, 2020, and July 1, 2024, North Dakota’s population grew by 2.2%. This was slower than in 22 other states, as Figure 1 shows,…
Last week, I noted that North Dakota and its neighbors have very different economic policies but very similar employment outcomes. I concluded that “there is some other factor (or factors) driving…
In October 2024, the Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Daron Acemoglu, Simon Johnson, and James A.…
We have a mystery. Data from the Bureau of Labor Statistics consistently show that North Dakota and its neighbor to the east, Minnesota, have among the highest rates of employment…
Yesterday, the Bureau of Economic Analysis (BEA) announced that: Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025 (January, February, and March), according…
Tonight sees the second televised debate of this presidential campaign, and Vice President Harris’ first after President Biden’s disastrous performance in the first debate ended both his campaign and, effectively,…
The lack of affordable childcare is a national issue. Some states, however, have it worse than others. So, how does North Dakota compare? According to ChilCare Aware, in 2022, parents…