North Dakota the Promised Land
North Dakota’s economy is blowing past the American economy like Devin Hester gripping a freshly-punted football.
Alana Semuels writes:
If people anywhere in the nation should feel good about the economy, it’s those living in North Dakota, where an oil boom is creating so many jobs that even taco joints offer $15 an hour to attract employees.
Drawn by the promise of well-paying jobs, people from across the country flock here and settle in the makeshift clusters of RV campers and manufactured mobile homes that dot the outskirts of towns like this one, two hours south of the Canadian border.
The state of North Dakota has added 20,000 jobs over the last year, and its unemployment rate is the lowest in the nation, at 3.5%. Its budget has an estimated $1-billion surplus.
The nation’s real unemployment rate is between 16-20 percent.
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