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Marcia Hultman

Cabinet Secretary

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Labor Market Information Center

Economic Snapshot


South Dakota and United States Labor Force
Seasonally Adjusted

March
2024		 February 2024 March
2023		 Percent Change
Last
Month		 Last
Year
United States
Labor Force 167,895,000 167,426,000 166,690,000 0.3% 0.7%
Employment 161,466,000 160,968,000 160,824,000 0.3% 0.4%
Unemployment 6,429,000 6,458,000 5,866,000 -0.4% 9.6%
Unemployment Rate 3.8% 3.9% 3.5%    

March
2024		 February 2024 March
2023		 Percent Change
Last
Month		 Last
Year
South Dakota
Labor Force 481,500 481,500 478,500 0.0% 0.6%
Employment 471,500 471,400 469,400 0.0% 0.4%
Unemployment 9,900 10,000 9,100 -1.0% 8.8%
Unemployment Rate 2.1% 2.1% 1.9%    
South Dakota Nonfarm Wage and Salary Employment
Seasonally Adjusted
  March
2024		 February 2024 March
2023		 Percent Change
Last
Month		 Last
Year
Total Nonfarm 470,400 469,100 459,400 0.3% 2.4%
Mining, Logging and Construction 31,800 32,000 28,700 -0.6% 10.8%
  Mining and Logging 1,300 1,300 1,200 0.0% 8.3%
  Construction 30,500 30,700 27,500 -0.7% 10.9%
Manufacturing 44,900 45,400 45,500 -1.1% -1.3%
   Durable Goods 27,800 28,400 28,500 -2.1% -2.5%
   Non-Durable Goods 17,100 17,000 17,000 0.6% 0.6%
Trade, Transportation and Utilities 92,900 91,700 90,700 1.3% 2.4%
  Wholesale Trade 22,800 22,800 22,200 0.0% 2.7%
  Retail Trade 53,800 52,900 53,500 1.7% 0.6%
  Transportation, Warehousing and Utilities 16,300 16,000 15,000 1.9% 8.7%
Information 5,000 5,000 5,200 0.0% -3.8%
Financial Activities 27,600 27,500 27,800 0.4% -0.7%
Professional and Business Services 38,100 37,700 37,200 1.1% 2.4%
Private Education and Health Services 77,900 77,900 76,600 0.0% 1.7%
  Private Educational Services 7,800 7,800 7,600 0.0% 2.6%
  Health Care and Social Assistance 70,100 70,100 69,000 0.0% 1.6%
Leisure and Hospitality 51,100 50,800 49,000 0.6% 4.3%
Other Services (except Public Administration) 18,500 18,500 18,100 0.0% 2.2%
Government 82,600 82,600 80,600 0.0% 2.5%
  Federal Government 11,800 11,800 11,500 0.0% 2.6%
  State Government 18,300 18,300 17,900 0.0% 2.2%
  Local Government 52,500 52,500 51,200 0.0% 2.5%
Preliminary data; subject to revision. The published unemployment rate presented above may not equal the percentage calculated using the published unemployed and labor force figures presented above due to rounding.
Source: Labor Market Information Center, South Dakota Department of Labor and Regulation, in cooperation with the U.S. Bureau of Labor Statistics

 

 

 

 

 

 


South Dakota Metro Area Labor Force
Seasonally Adjusted
  February 2024 January 2024 February 2023 Percent Change
Last
Month		 Last
Year
Rapid City Metropolitan Statistical Area
Labor Force 80,200 80,300 79,500 -0.1% 0.9%
Employment 78,600 78,700 77,900 -0.1% 0.9%
Unemployment 1,600 1,600 1,600 0.0% 0.0%
Unemployment Rate 2.0% 2.0% 2.0%    
Sioux Falls Metropolitan Statistical Area
Labor Force 166,200 166,600 162,500 -0.2% 2.3%
Employment 163,100 163,600 159,500 -0.3% 2.3%
Unemployment 3,100 3,000 2,900 3.3% 6.9%
Unemployment Rate 1.8% 1.8% 1.8%    
Preliminary data; subject to revision. The published unemployment rate presented above may not equal the percentage calculated using the published unemployed and labor force figures presented above due to rounding.
Source: Labor Market Information Center, South Dakota Department of Labor and Regulation, in cooperation with the U.S. Bureau of Labor Statistics

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