The drilling boom isn’t the only think North Dakota has to celebrate these days. New data from Job Service North Dakota shows the state now has the lowest rate of unemployment in the country.
North Dakota’s unemployment rate came in at just about half of the national unemployment rate.
While the national unemployment rate was 5.9 percent in September North Dakota had an unemployment rate of only 2.8 percent.
Unemployment in neighboring South Dakota came in at 3.4 percent.
The report said there were 8,933 unemployed workers in North Dakota during September while state’s online job listings jumped 12 percent over last year to 25,837.
When only online job listings are counted North Dakota now has 2.89 job openings for every unemployed worker.
North Dakota is launching a national camping led by lieutenant governor Drew Wrigley to attract 20,000 new workers to the state.
However, workers have benefited from the labor shortages as incomes in the state continue to grow fast enough to offset the rising costs of living stoked by the oil boom.
The Bureau of Economic Analysis found that personal incomes in North Dakota have jumped by 93 percent in the past ten years to more than $57,000 per year.
Although national personal income growth fell from 4.2 percent in 2012 to 2.6 percent in 2013 North Dakota saw income grow by 7.6 percent in 2013.