Bwana
07-08-2013, 12:35 PM
From an article in the Wall Street Journal of the top 10 states with the fastest growing economy:
No. 1: North Dakota
GDP growth: 13.4%
Real 2012 GDP: $38.7 billion (5th smallest)
1-year population change: 2.17% (the highest)
1-year employment growth: 3.02% (the highest)
For the third consecutive year, North Dakota had the fastest economic growth of any state in the country. It also led the nation in both total population and employment growth last year. Much of this was due to the state's oil boom; North Dakota is now the second-largest oil producer of all 50 states, after Texas.
Last year, the mining sector contributed almost 3.3 percentage points to the state's impressive 13.4% GDP growth. The agriculture, construction, wholesale trade and transportation and warehousing industries also added more to GDP in North Dakota than in any other state. North Dakota's unemployment rate has been below 4% -- the lowest in the United States -- for each of the past three full years, due to its thriving resource economy.
Said with sarcasm: Yea, more people coming to our little state. :(
No. 1: North Dakota
GDP growth: 13.4%
Real 2012 GDP: $38.7 billion (5th smallest)
1-year population change: 2.17% (the highest)
1-year employment growth: 3.02% (the highest)
For the third consecutive year, North Dakota had the fastest economic growth of any state in the country. It also led the nation in both total population and employment growth last year. Much of this was due to the state's oil boom; North Dakota is now the second-largest oil producer of all 50 states, after Texas.
Last year, the mining sector contributed almost 3.3 percentage points to the state's impressive 13.4% GDP growth. The agriculture, construction, wholesale trade and transportation and warehousing industries also added more to GDP in North Dakota than in any other state. North Dakota's unemployment rate has been below 4% -- the lowest in the United States -- for each of the past three full years, due to its thriving resource economy.
Said with sarcasm: Yea, more people coming to our little state. :(