Photo credit: Porchlife
The state, which is at the heart of the Bakken Formation oil play that has revolutionised the US energy industry, has been leading the country for years with its record unemployment rate. Since the start of 2014, it has also been crowned the happiest state in the US and has had the honour of being named the most expensive place to rent property in the country. Now, North Dakota is also taking home the trophy for being the most stable housing marketing in the US.
Figures from the Bureau of Labor Statistics for January 2014 put unemployment in North Dakota at just 2.6% – the lowest rate in the US and well ahead of the national average of 6.6% for the same month. In some of the counties where oil fracking is at its peak, the unemployment rate is lower than 1%.
Yet that wasn’t enough for North Dakota and at the start of 2014 it toppled Hawaii as the happiest state in the US, according to the annual Gallup wellbeing ranking. Determined to show it still has more to offer, North Dakota then went on to be named the most expensive place …read more
Source: The Movechannel