United States Congress Joint Economic Committee

North Dakota

November 2024

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October Employment Update
Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
North Dakota Unemployment (U-3) 2.1% 2.1% 2.2%
U.S. Official Rate (U-3) 3.7% 3.7% 3.4%
U.S. "Real" Rate (U-6) 7.0% 7.1% 6.7%
North Dakota Labor Force Participation Rate 69.2% 69.1% 69.4%
U.S. Labor Force Participation Rate 62.6% 62.7% 62.7%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.4% 3.1% 6.5%
"Core" CPI Inflation 3.9% 4.0% 5.7%
National Gas/gal. Updated 11/21/24 12:00 AM $3.06 $3.18 $3.30
North Dakota Gas/gal. $2.92 $3.09 $3.21
Midwest Region: Loaf of Bread $1.97 $1.91 $1.87
Midwest Region: Milk/gal. $2.57 $2.62 $2.17
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2024 (3rd Estimate)
3.0%
ND Real GDP
Q2/2024
0.1%
S&P 500 (YTD)
0.29% Updated 1/16/24 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
ND Hourly Rate
$7.25
Last Generated: 11/21/24 5:15 AM