Saturday, December 06, 2008

A Placid North Dakota Asks, What Recession? - NYTimes.com

Lots of jobs available… in North Dakota

North Dakota’s cheery circumstance — which economic analysts are quick to warn is showing clear signs that it, too, may be in jeopardy — can be explained by an odd collection of factors: a recent surge in oil production that catapulted the state to fifth-largest producer in the nation; a mostly strong year for farmers (agriculture is the state’s biggest business); and a conservative, steady, never-fancy culture that has nurtured fewer sudden booms of wealth like those seen elsewhere (“Our banks don’t do those goofy loans,” Mr. Theel said) and also fewer tumultuous slumps.

[…]

“Our problem is that everybody thinks that it’s a cold, miserable place to live,” said Bob Stenehjem, a Republican and the State Senate’s majority leader. “They’re wrong, of course. But North Dakota is a pretty well-kept secret.”

Actually, it is a cold and miserable place to live, in winter; in summer, it’s a hot, humid, and mosquito-infested place to live.  (I grew up there…)

A Placid North Dakota Asks, What Recession? - NYTimes.com

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