Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September. The rise in gross domestic product — the economy’s output in goods and services — marked a return to growth after consecutive drops in the January-March and April-June periods. Driving the third-quarter growth were strong exports and healthy consumer spending.
The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve’s efforts to cool the economy and hiring. Applications for unemployment aid for the week ending Dec. 24 climbed 9,000 to 225,000. Employers added 263,000 jobs in November.
The Labor Market Information Center has released Q2 2022 employment and wages by industry. In Q2 (Apr-Jun) 2022, North Dakota’s total employment increased 2.3 percent on a year-over-year basis to 411,383, a gain of 9,201 jobs. Average weekly wages were $1,131, higher by 6.0 percent from the same quarter one year ago.
The North Dakota Department of Commerce announced the creation of the North Dakota Energy and Economic Coordination Office. The EECO will serve as a unified avenue for industry experts to coordinate with North Dakota energy entities to advance North Dakota’s full energy portfolio. The office will help coordinate direct assistance to new companies that are interested in relocating to North Dakota, and existing companies that look...
Park Filed Complaint Against President Lee Ahead of 2021 Election Jang Youngha Sentenced to One Year in Prison, Two Years Probation Confirmed The police have launched an investigation into Park Chu...