Ninth District Forecast

Chart: Nonfarm Employment

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Data as of June 25, 2014

Nonfarm Employment

Employment predictions are mixed for 2014, while overall growth is expected to slow in 2015. During 2014, growth rates are expected to pick up from 2013 rates in Montana, North Dakota and South Dakota. Growth rates are expected to slow in Minnesota and Wisconsin, and employment is predicted to decrease in the Upper Peninsula of Michigan (-0.9 percent). In 2015, employment levels are expected to remain flat from 2014 levels in all areas except Montana, where employment is predicted to increase 1 percent, and North Dakota, where employment is predicted to grow 3.9 percent. In 2015, growth rates are predicted to remain below historical averages and the U.S. average in all areas except North Dakota.

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