NY vs ND Unemployment Rates: Why is One High, the Other Low?
We interrupt this blog post to bring you the following news: New York’s unemployment rate is 8.2% (a full 9% in Chemung County). The Bureau of Labor Statistics reports that 345 out of 372 metro areas in the country (93%) have lower unemployment rates than the New York State average. The lowest unemployment rate in the country? North Dakota—at 2.2%.
Why is ND’s unemployment rate so low? And why is NY’s so high? Is there a connection?