Earlier today, Dan asked “What’s the Matter With Kansas“? The answer is, of course: NOTHING.
The same question & answer go for the booming state of North Dakota. In that case it is ENERGY that is fueling the state’s employment.
When it comes to creating jobs, North Dakota has found the right formula. The state has the largest percentage increase in employment over the past year and was the fastest of all 50 to recover from the recession.
The reason is simple: energy production.
“North Dakota has been the poster child for what can happen when we unleash free enterprise and allow states to develop and commercialize their resources,” Heritage’s Nick Loris wrote recently on The Foundry. “North Dakota is drilling at record pace.”
The state’s unemployment rate is 3.4 percent, the lowest in the country. The U.S. Bureau of Labor Statistics reported this week that North Dakota added 17,300 new jobs over the past year, which represented a 4.5 percent increase — the largest in the United States.
Showing them all up: Texas.