The number of South Dakotans who would be available to staff a new or expanding business, or South
Dakota's labor supply, was estimated at 52,785 in July 2016. Included in this labor supply are those who currently hold jobs (and would like to change) and those who, for a variety of reasons, do not have jobs. (See related data.)
South Dakota Labor Supply
This data is seasonally adjusted.
Preliminary estimates show the July 2016 South Dakota labor force up over the month, with the level of employed increased by 400 workers (0.1 percent). The level of unemployed increased by 500 (4.1 percent).
South Dakota Unemployment Rates by County
Not seasonally adjusted
Notes about labor force data
The unemployment rate represents the number of unemployed as a percent of the labor force. People are classified as unemployed if they do not have jobs, have actively looked for work in the prior four weeks and are currently available for work. People who were not working and were waiting to be recalled to jobs from which they were temporarily laid off are also included as unemployed.
Labor force estimates for South Dakota are produced by the Labor Market Information Center in cooperation with the U.S. Bureau of Labor Statistics. The concepts and definitions underlying the labor force data come from the Current Population Survey (CPS), the household survey which is the official measure of the labor force for the nation. The statewide estimate of the number of nonfarm jobs is a component of the model used to produce the labor force estimates. Other data used in this model include the number of continued unemployment insurance claims and survey data from the Current Population Survey (CPS) which is specific to the state.
Although state specific data is used in the production of the labor force estimates for South Dakota, the state monthly model estimates are controlled in "real time" to sum to national monthly labor force estimates from the CPS. Therefore, variation in the estimates of the employed and unemployed are somewhat controlled by what is happening nationally.
South Dakota Nonfarm Wage & Salaried Workers by Industry
This data is not seasonally adjusted.
Based on a monthly survey of South Dakota establishments, preliminary estimates of the total nonfarm wage and salaried worker level decreased by 2,900 (or 0.6 percent) from June 2016 to July 2016. Several industries remained relatively stable, with minimal losses over the month, including Retail Trade and Financial Activities.
The Leisure and Hospitality sector experienced worker growth, increasing by 2,100 workers (4.1 percent), correlating with the tourist season. Some of the tourism hot spots across the state include the Mount Rushmore and Crazy Horse monuments, as well as the Badlands and Wall Drug. The Sturgis Rally takes place in August, but July is busy with tourists coming early and the Black Hills area preparing for the event. All these events draw a large number of tourists, as do the resorts and campgrounds across our state. These activities significantly impact the worker growth in this industry, especially during the summer months.
Construction increased by 800 workers (3.2 percent) in July. Historically, the construction sector peaks in the summer as crew workers fix the roads and highways across the state.
Professional and Business Services rose by 500 workers (1.6 percent) to 32,500 in July compared to 32,000 in June. Other Services had a small gain over-the-month of 200 workers (1.2 percent).
Education and Health Services decreased by 600 workers (0.9 percent), from 70,400 in June 2015 to 69,800 in July 2016. This decline was mainly related to the decreased number of workers within education, which occurs during the summer months.
Retail Trade remained relatively stable over the month, reflecting a worker level of 56,400 in July 2016. This sector also benefits from tourism, as establishments within this sector are engaged in retailing merchandise, such as trinkets, clothing and other souvenirs.
Manufacturing had a loss of 600 workers (1.4 percent), dropping from 42,900 in June to 42,300 in July. Financial Activities also had a minimal loss of 200 workers.
Based on a monthly survey of South Dakota establishments, preliminary estimates show total nonfarm wage and salaried worker levels increased by 12,000 (2.8 percent) from July 2015 to July 2016. Since the year 2005, the South Dakota total nonfarm worker level has continued to trend upwards.
Leisure and Hospitality increased over the year by 3,300 workers (6.6 percent) to 53,500 in July 2016. Worker levels in this sector commonly fluctuate quite a bit due to the seasonality of this sector, depending on the time of year. Worker levels trends for this sector have been fairly consistent, typically peaking in August and reflecting lower levels during January and February.
Retail Trade gained 2,600 workers (4.8 percent), rising to a level of 56,400 in July 2016. The Retail Trade sector has continued to trend upwards through August in relation to the tourist season. Later in the year, spending picks up in December for the holiday shopping season. With spending slowing considerably in February, worker levels typically decline when the snow melts during early spring.
The Construction sector increased over the year in July 2016, with the employment level increasing by 1,400 workers (5.7 percent). Historically, the worker levels in this industry hit highs during the summer months and decline when colder weather hits.
Education and Healthcare Services increased over the year to 69,800 in July 2016, gaining 1,200 workers (1.7 percent). The Education and Healthcare Services sector has remained fairly stable and continues to trend upward. The aging population continues to impact the demand for health care services.
The Professional and Business Services sector had an over-the-year increase of 1,100 workers (3.5 percent). The worker level in this industry has continued to trend upward since January 2004. The worker level was 31,400 in July 2015 and increased to 32,500 in July 2016.
The Wholesale Trade worker level increased over the year by 400 workers (1.9 percent) to 21,800 workers in July 2016. The Wholesale Trade sector includes establishments engaged in wholesaling merchandise, as well as rendering services incidental to the sale of merchandise.
Manufacturing experienced a minimal decrease over the year of 300 workers (0.7 percent). Worker levels had been steadily trending upward until the recession hit in 2009. Since then, worker levels have continued to trend upward.
The Other Services sector remained stable at 16,300 workers in July 2016. Other services include a wide variety of activities, including repair and maintenance, personal and laundry services, religious, grant making, private households and other similar organizations. Historical trends reflect consistent fluctuations with worker levels increasing during the summer months and declining in the spring months.
Financial Activities gained 500 workers (1.7 percent), reaching a level of 30,600 workers in July 2016. Worker levels within this sector had been trending upward, with a high point in 2010. Although a downturn occurred in 2014, worker levels have been trending upward again.
Government increased by 1,000 workers (1.4 percent) to a level of 75,000 in July 2016. The government sector includes federal, state and local government agencies.
For a printer-friendly version of this Overview, print pages 4-6 of the August e-Labor Bulletin (in Adobe PDF format).