North Dakota’s Unemployment Rate 1.7% for October

Job Service North Dakota reported that labor statistics released today show North Dakota’s October not seasonally adjusted unemployment rate was 1.7 percent. The rate is 0.2 of a percentage point lower than prior month, and 0.5 of a percentage point lower than the same period one year ago. The national rate was 3.9 percent. Marcia Goetz, Labor Market Information Manager stated, “October has historically produced the lowest unemployment rate of the year as seasonal activities such as construction and agriculture are fully engaged in project wrap-ups.”

North Dakota Not Seasonally Adjusted Labor Force Data

  October 2017 September 2017 October 2016
Unemployment Rate 1.7% 1.9% 2.2%
Unemployed 7,277 7,839 9,260
Employed 411,357 409,342 407,995
Labor Force 418,634 417,181 417,255

 

 

 

 

 

The nation’s seasonally adjusted unemployment rate was 4.1 percent for the month, lower than the prior month and lower than the same period one year ago. The seasonally adjusted rate for North Dakota was 2.5 percent, 0.1 of a percentage point higher the prior month and lower than the same period one year ago. The seasonal adjustment process uses a statistical adjustment to accommodate predictable fluctuations between months such as length of daylight and typical weather. Seasonal adjustment allows for comparison between all months of a year.

Seasonally Adjusted Rates

  October 2017 September 2017 October 2016
North Dakota 2.5% 2.4% 3.0%
United States 4.1% 4.2% 4.8%

Notes:
1.    The unemployment rate is the percentage of people actively seeking work compared to those in the labor force (employed plus unemployed).
2.    Data are subject to revision.
3.    The Job Service North Dakota Labor Market Information Center produced these statistics using the U.S. Bureau of Labor Statistics’ nationally-required standard methodology.
4.    County and substate areas will be posted on 8-23-2017 to the Labor Market Information website.