Overview

Improving Quality of Life

Quality of life can be improved through a strong economy that revitalizes communities, encourages business investment, and provides employment opportunities for a competitive workforce at all skill levels.

North Dakota has been enjoying a robust economy, characterized by a flourishing energy development sector, in addition to strong agriculture, real estate, and government sectors. Communities rely on the strength of their economies to generate financial resources to provide employment at all skill levels and services for their residents. Maintaining a high-quality standard of living in all aspects of life – from housing, to health, to education – is influenced by a strong economy. Likewise, the vitality of our economy hinges on the continued success of all aspects of life as well.

What's happening

  • North Dakota’s GDP growth rate of 6.0 percent in 2014 was the fastest of any state and nearly three times the national rate of 2.2 percent. In 2015, however, due to falling oil prices, North Dakota’s economy contracted by 2.1 percent, placing North Dakota last in the nation.
  • North Dakota ranked highest in the country for best economic output per working-age adult (ages 16 to 64) at $103,579.
  • The median household income in North Dakota in 2015 was $60,557, $4,782 higher than the U.S. median household income, ranking North Dakota 16th among the 50 states.
  • In 2016, the total number of non-farm jobs grew 32.7 percent since 2000, but fell 4.1 percent since the previous year.

Making connections

Investment in early childhood and later in education helps to ensure a skilled workforce enabling participation in our diverse economy. Providing access to high quality education will also expand economic opportunity for residents. Research suggests that individuals with higher levels of education are better able to compete for high quality jobs and more likely to obtain jobs with better working conditions, benefits, and opportunities for advancement.  Education is an investment in the future of the state, because workers with higher incomes contribute more through taxes over the course of their lifetimes. Higher incomes are also associated with better educational outcomes for children, improved health outcomes for all residents, in addition to many other advantages.
Educational attainment is also strongly related to U.S. unemployment rates. The more education a group has, the lower the unemployment rate. Those without a job, especially residents without assets or a second worker in the household, may experience hardships such as high debt, health consequences, hunger, foreclosure, and even homelessness.
Multiple studies have shown that people living in poverty also tend to have more hardships, such as poorer health, dying younger, and poorer economic, social, and physical conditions. Furthermore, poverty is associated with an increased risk of homelessness, crime, and illiteracy. Poverty rates are associated with the general condition of the economy. As the economy grows, so do opportunities for employment and income growth.


ASK A RESEARCHER

Michael Ziesch: Data you can trust: The Labor Market Information Center

"The best and most up-to-date labor market information in the state is produced by the Job Service North Dakota, through the Labor Market Information Center (LMIC). North Dakota Compass uses this source of information for the Jobs key measure in the Economy topic".


FOR DISCUSSION

John Trombley: Competition is Tough Enough; Why Make it Tougher?

"When faced with an unexpected or unplanned job change, shock and denial are oftentimes the first reaction people have. It’s normal. In fact, it’s almost predictable. So if that has happened to you, please know that what you are experiencing is part of the process. The key is to not get stuck along the way, but rather continue to move through the process. You will come out on the other side and maybe in a better position than you would ever expect".

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Learn more about the North Dakota Community Action Partnership

North Dakota Compass

North Dakota Compass
www.ndcompass.org

Compass created by:
Wilder Research

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