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Visualizing Job Prospects By State
Bloomberg has created a useful 2-dimensional chart, summarizing on one axis which states have the worst unemployment (Nevada, Michigan and Cali are at the top), but more importantly, which states actually are losing and creating jobs - not too surprisingly, Nevada is the worst in both categories. Also, not too surprisingly, North Dakota, which has about exactly zero TBTF bank branches, is the state with the lowest unemployment, and one of the highest rates of job creation. South Dakota and Nebraska also seem to have avoided the probing tentacles of Wall Street's innovative money machine.The Las Vegas strip, where Deutsche Bank is opening the first hotel with actual functional balconies on it (presumably to facilitate terminal bailouts.. or just bails), was not so lucky.
The full Bloomberg special report on jobs can be found here.
h/t Damien Hoffman
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All 200 citizens of North Dakota are gainfully employed.
Leased land payments from the USAF for the missile fields and bomber bases.
The rest must be Indian Reservations.
+Bakken shale oil
Bakken Shale oil fields in North Dakota are booming. Doubling production every couple years.
Just want to let people know.
For the first time in 2 years I am getting bearish.
I promise i will come here and say it.
Good trading
The "big joke" place can hardly contain its excitement from this development.
by DMA Traderon Mon, 08/09/2010 - 15:06
#511197
lol
people can't understand we are in a BULL MARKET.
so if it's not the BDI it's China, IF China is ok it's Europe
If Europe is ok it's the JPY. IF that doesn't work is the ECRI
IF that doesn't work and markets still go up. it's volume.
If that doesn't work the Market is manipulated.
That's why 90% loose money. They have an idea an they look for anything to
show them what they want too see.
It's amazing. Almost 2 years of fighting the tape.
That's why investors like Warren Buffett made a lot of money. That's why
you don't see perma bears in FOrbes.
People can't understand. they never will.
What a big joke this place has become
Unbelievable.
so your starting point of this bull market is 2 years ago? that's a convenient spot to pick cuz we are going on our second lost decade
I'm guessing you weren't around prior to the last Kondratieff Winter. Time and place, DMA, time and place.
You hear about winners more than losers. Everybody likes to talk about their gains, but losses not so much.
In other news, New Hampshire is strong on that chart.
www.freestateproject.org
am enjoying today's 'hands-on' Tyler.
Just like the good doctor in "The Aviator":
"I concur"
LMAO
nothing to add.
simple as that.
don't try to make the market do what you want to see.
learn to go with the flow.
Did I saw the market going down ?
DId I need BDI or ECRI or volume ?
No baby. Price action is all you need
Did you guys like that ?
Nice timing :)
Anyway I didn't like the feedback. so that was my last post.
And Tyler, maybe I'm not that good as you guys are analyzing, forecasting.
But when it comes to trading I'm pretty good :)
I like this site even if I keep arguing here.
Anyway. peace virtual friends
3 cheers 4 North Dakota !!!
Why in God's name would anyone want to live in North Dakota? It's either 50 below zero or you see a bunch of unemployed teens walking around with doobies in their mouth.
i for my part, like to have a doobie from time to time...
You can get a TICKET for that, hope you know... BUT, not for too much longer...
Not sure about the doobies, but how about this:
Low cost of living
High wages compared to cost of living
Low taxes
Low crime
Limited, pro business government
Low population density
Crazy good hunting and fishing
A guy can put up with a lot of cold as a trade off.
North Dakota is also at the forefront of the Industrial Hemp movement. Now that would bring the green jobs! SoDak, on the other side of the "Legalize It" coin, has a ballot initiative to be voted on in November,
http://www.sdcompassion.org/
I just wonder if they count the Natives in the employment stats? Didn't look too good at Pine Ridge and Wounded Knee a few years back when I was there. The Sunflowers are pretty though. BTW-The size of a missle silo is the size of an average backyard. Not much rent in that. (unless they charge by the horizontal foot)
646,844
So, a pro-football franchise is probably out of the question...
Hm. I remember reading some articles back in 2003 that also portrayed ND as being a shelter from the (at the time) recession.
"While the economy has started to recover blah blah blah"
Same old Goebbelsian technique of slipping in a bullshit statement quickly followed by an unrelated or even contradictory one, to help your brain accept it without question. To be fair the editor probably put it in there. Failing to start off any MSM story with the daily reminder that the recession is over/economy is improving/etc is probably classified as a terrorist act.
What does it have that other states don’t? The answer seems to be: its own bank. In fact, North Dakota has the only state-owned bank in the nation. It has avoided the credit freeze caused by the derivative schemes of the Wall Street bankers by creating its own credit, leading the nation in establishing state economic sovereignty.
Wrong. It has an expanding industry, creating jobs. That's where jobs come from, btw, industry. Not the banks. Lollipops come from banks.
Visualizing Job Prospects...so that's how the statistics are trapped. Very 'New Age'.
(Sarcasm still not on)
TALADEGA RECOVERY
http://williambanzai7.blogspot.com/2010/08/taladega-recovery.html
Hey folks..... laugh all you want about my home state but we've been floating in a golden bubble for years while the rest of the country is swirling around the toilet bowl. Why? I guarantee you the State owned Bank of North Dakota ain't it. We produce 2 things in North Dakota and both of them are what the whole world wants..... food and energy. All agriculture in east and central ND; oil, NG, coal, and beef in western ND.
An oil boom in the west right now that makes the boom of the early 80s pale in comparison. Hundreds of millions of barrels of oil in the Bakken formation in western ND. Jobs are going begging in the west. Not enough people to fill them. Damn near every oil company in the US is in western ND.
Population - 750,000 give or take. Unemployment - 3.8%. TBTF banks - None. State budget deficits - None. Have never had one. The State budget surplus for the biennium ended 6/30/09 was the largest in the State's history at $1.2 billion. Projected budget surplus FYE 6/30/11 - $800 million..... and that is after huge cuts in property taxes and cuts to income taxes. I like it here. Winters are cold but 20 below keeps out the riff-raff.
Thanks, numbers. I'll take your eyewitness account over 15 pounds of free bullshit from 2000 miles away anytime.
I like hearing about people who are doing something right. Not only is it heartening, but it's kind of pleasantly surprising.
God help you through those ND winters though. I'm not tough enough to start over in a place where nature takes no prisoners. But it's tempting, nonetheless.
And when people outside of ND can no longer afford that food and energy (because it'll have to be transported, which means COST), then what ? Transportation is in, and will continue to be, in decline. Food, well, more and more people are starting to grow their own food, or seek out locally produced food.
I wouldn't be all too giddy. But, good for ND for holding up longer than most.
NOTE: I'm not diss-ing ND; can't, my dad was born there :-)
Excellent.
My first Delivery to the Dakotas via 18 wheeler learned me a simple lesson:
Work hard to stay alive or DIE! (Winter.) -60 with 45 mph steady wind tends to freeze out bullshit and troublemakers. They stay away.
The Dakotas are becoming more attractive with each aging decade. Maybe we buy a home up there with sufficient provisions for a year of winter and two months of paradise summer far, far, far away from the bullshit stink premeating the rest of the nation.
By golly I wished if every state in the union was as solid as you Dakotas are.
What's the correlation between the chart above of unemployment changes, and the typical red state-blue state schism? At first glance they look very similar.
And could one speculate as to why blue states (vote Democratic in national elections) are doing so poorly economically?
Taxing and spending too much? Broke? Unable to make the tough choices like paying their unionized employees a market wage and having them contribute to their benefits?
TD, it is 'practically zero' TBTF bank branches. Although a last minute 21st century TBTF entry, US bank is catching up quick and has a half dozen branches in the state. Polluting bastards!
Don't forget North Dakota has a state-owned bank. Coincidence?
The cold keeps out the riff-raff?
Well, for a while...Minneapolis has more Somali refugees than anyplace in the world except Somalia. Thank you Uncle Sam for paying their relocation expenses, AND for putting them all in one place to ensuring zero assimilation.
I'd haul in a double wide trailer, followed by erecting a triple pane insulation a-frame greenhouse on top. Drill a well, get water for my heatpump to work on.
And then move to Florida, January to March. No sense being a damn fool about it.