Tuesday, June 30, 2009

What's North Dakota's Secret?

Forbes reports:
As the country has tipped into a deep recession over the past two years, North Dakota, under the leadership of the nation's longest-serving governor, John Hoeven, has bucked every trend. In 2008, North Dakota's economy grew 7.3%, twice as fast as any other state except Wyoming, which grew 4.4%. By this point, many states in the industrial Midwest, and housing-bubble states like Arizona, Nevada and Florida, were already shrinking.

Unemployment in North Dakota is the lowest in the nation at 4.4%, less than half the national average. The Center on Budget and Policy Priorities says North Dakota and Montana are the only two states in the country that still have budget surpluses.
You'll want to read this one.