Why this is the only state where unemployment is up


Fortune

A few years ago, as the U.S. unemployment rates flirted with the double digits, North Dakota bucked the trend. Its oil and gas boom kept jobless rates as low as 2.7%.

But now North Dakota is standing out for the opposite reason: it’s the only state where unemployment is rising.

The Bureau of Labor Statistics’s latest unemployment report Wednesday found that North Dakota was the only state with a significant year-over-the-year increase in joblessness. In April, unemployment there rose 0.4% from the same month in 2014.

Twenty-eight states had statistically significant unemployment rate declines in that period, with Michigan’s 2.1% being the largest. The other 21 states and the District of Columbia had rates that were not appreciably different from those of a year earlier, according to the report.

Though it’s difficult to know for sure, sinking oil prices is likely to blame for North Dakota’s increase in joblessness. The…

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