North Dakota's economy is expected to grow by 2022, according to a report
Although the economy shrank in the first quarter and is showing signs of entering a recession, the latest state economic outlook is showing continued improvement through 2022 for North Dakota.
Our economy is often experiencing growth when the rest of the nation is experiencing a recession. According to a lot of recent analyses, North Dakota is actually going to have economic growth while the rest of the country is experiencing a recession," says Dr. Jeremy Jackson, MDSU economics professor and writer of the report.
University of North Dakota economists predict that wages and salaries will grow along with an increasingly skilled labor force, decreasing unemployment rates, and a growing gross state product.
24 May 2022