Energy Industry Helps Keep Unemployment Rate Low - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Energy Industry Helps Keep Unemployment Rate Low

Posted: Updated:

For a second straight month, there's concern that the U.S. Economy might be slowing after a strong finish to 2013.

The U.S. Labor Department released their monthly job report Friday morning. It showed that employers added just 113,000 jobs in January, that number is far below the average monthly gain of 194,000 last year. 

However, things in North Dakota are different. The strong economy and booming oil and energy industry have created many new jobs. 

"We started in the 90's targeting industries. Jerry Chavez has been a leader in that. We continue to look at what industries fit North Dakota, and what industries fit Minot, and they're changing," says Dr. Tom Seymour, Business Professor at Minot State University. 

It was the second straight month that national job growth came in below economists' expectations. The unemployment rate however, did drop a tenth of a percent to 6.6, the lowest it's been since 2008.

  • Latest NewsMore>>

  • Water Outage West of Highway 83

    Water Outage West of Highway 83

    Wednesday, August 27 2014 10:55 PM EDT2014-08-28 02:55:14 GMT
    North Prairie North Central Rural Water says that a water line has broken in the area of 30th St. NW to Ruthville, west of Hwy 83.
    North Prairie North Central Rural Water says that a water line has broken in the area of 30th St. NW to Ruthville, west of Hwy 83.
  • MAFB Holds School for Children of Airmen

    MAFB Holds School for Children of Airmen

    Wednesday, August 27 2014 9:48 PM EDT2014-08-28 01:48:39 GMT
    There are two elementary schools and one middle school on Minot air force Base.
    There are two elementary schools and one middle school on Minot Air Force Base.
  • Dakota Prairie Refinery Construction Continues

    Dakota Prairie Refinery Construction Continues

    Wednesday, August 27 2014 8:58 PM EDT2014-08-28 00:58:26 GMT
    The city of Dickinson has had a record amount of rainfall in the month of August, but the didn't stop construction at the Dakota Prairie Refinery.
    The city of Dickinson has had a record amount of rainfall in the month of August, but the didn't stop construction at the Dakota Prairie Refinery.

Most Popular

Stories
Videos
loading...
  • TOOLBOX

  • Special Feature HomeSpecial FeaturesMore>>

  • Ask An Attorney

    Ask An Attorney

    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
  • Mobile Apps

    Mobile Apps

    We have the best Mobile Apps.  Learn how you can download yours today.
  • Me-TV North Dakota

    Me-TV North Dakota

    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.
    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.  Me-TV North Dakota will also play a replay on the Evening and Night Report at 11:30pm Monday-Friday.  As well as, local news and weather updates throughout the day.
  • On the Farm

    On the Farm

    CLICK HERE TO GO TO THE ON THE FARM PAGE!
    CLICK HERE TO GO TO THE ON THE FARM PAGE!
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KFYR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.