BISMARCK, N.D. (KVRR/AP) — North Dakota keeps showing signs of economic growth. Taxable sales and purchases for the first quarter of 2022 were up 13.2% compared to the same period last year. State Tax Commissioner Brian Kroshus reports all of the 15 major industry sectors reported increases over the first quarter of 2021. He says it’s the fourth consecutive quarter…
WASHINGTON – The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year increase of 8.3%. The new inflation figure, the biggest yearly increase since December 1981,…
BISMARCK, N.D. – The latest economic outlook report for North Dakota is showing continued improvement for 2022, despite a national economy that shrank in the first quarter and is showing signs of entering a recession. The quarterly report by the NDSU predicts growth in wages and salaries, as well as a growing labor force with decreasing unemployment rates, strong total…
FARGO – The latest outlook from North Dakota State University researchers finds the state’s economy is poised for growth this year. The quarterly report indicates growth in salaries and wages, as well as a growing labor force, decreasing unemployment rates, strong tax collections and a rising gross state product. NDSU economics professor Jeremy Jackson says the report shows a reduced…
Minot AFB B-52MINOT, N.D. – A new analysis pegs the local economic impact of the Minot Air Force Base at nearly $607 million in the past fiscal year. The 2021 fiscal year economic impact is lower than fiscal year 2020, when the base contributed $622 million to the local area. The analysis says annual construction, services and other expenditures were…
FARGO – A new analysis says North Dakota’s economy is showing signs of recovery and growth. The quarterly outlook report done by North Dakota State University is predicting growth for wages and salaries, as well as a growing labor force, decreasing unemployment and strong total tax collections. The previous quarterly report, which was released last August, said the state economy…
OMAHA, Neb. – A new monthly survey of business leaders in nine Midwest and Plains states shows the region’s economy remains healthy, and overall confidence in the economy over the next six months has improved. But about half of supply managers surveyed expect supply chain disruptions to get worse for the first six months of 2022. Firms reported that transportation…
FARGO, N.D. (KVRR) – During a conversation at North Dakota State University, Bank of America’s CEO sees a bright future for our country’s economy. Brian Moynihan said during Senator Kevin Cramer’s speaker series “The Bully Pulpit” at Richard H. Barry Hall the economy is the size it was before the pandemic. He added Bank of America’s experts estimate it to…
OMAHA, Neb. – A new monthly survey of bankers in rural parts of 10 Plains and Western states suggests continued economic growth in the region, but some say worsening drought could threaten their banks. The overall Rural Mainstreet economic index dropped slightly in August to 65.3 from July’s 65.6. Any score above 50 suggests growth. The survey shows nearly 16%…
BISMARCK, N.D. – A new quarterly report shows North Dakota’s economic outlook is improving as the coronavirus pandemic begins to wane. The second-quarter outlook from North Dakota State University shows a growing labor force, an increase in gross state product and steady total tax collections. The report found some difficulties in the labor market, where wages and salaries are projected…
