Unemployment in North Dakota drops slightly in July, ranking sixth-lowest in the nation
North Dakota's seasonally-adjusted unemployment rate of 2.3% was the sixth-lowest in the United States for the month of July. Across the Red River, Minnesota had the nation's lowest mark at 1.8%.
BISMARCK — North Dakota's unemployment rate fell moderately in July, new data publicized Friday, Aug. 19, by Job Service North Dakota revealed.
North Dakota's not-seasonally-adjusted unemployment rate stood at 2.2% for July, down four-tenths of a percentage point from June's mark . The year-over-year rate is 1.2 percentage points less than July 2021's mark. The decline between June and July is typical for the state, a news release stated.
Unemployment in the Peace Garden State dropped by 1,717 from June to July, a decline of 16%. The year-over-year decrease was 4,875, a 35.1% drop.
Using seasonally-adjusted data, the Bureau of Labor Statistics reported the nationwide unemployment rate to be 3.5%, putting North Dakota comfortably below the national average. Neighboring Minnesota posted the country's lowest unemployment rate at 1.8%, an all-time low mark for the state for the second consecutive month.
Seven other states joined Minnesota in setting all-time lows, with data dating back to 1976. Those states were Alaska, California, Georgia, Louisiana, Mississippi, Missouri and Washington.
North Dakota's seasonally-adjusted unemployment rate was 2.3% in July. That figure ranked as the sixth-lowest in the country. South Dakota's unemployment rate was also 2.3%.
"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," the news release explained.
According to Job Service, 10 of North Dakota's 13 major industries posted year-over-year employment increases. Mining and logging led the way with an increase of 1,600 jobs. Financial activities as well as educational and health services reported year-over-year decreases of 200 jobs each. Information remained unchanged.
Annual increases in employment were reported in all three of North Dakota's largest metro areas. Fargo has added 4,100 jobs. Grand Forks reported 1,400 new jobs and Bismarck followed closely with 1,300 new jobs. In Fargo, the largest employment increases have appeared in the government industry, which added 1,400 jobs.