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 47,025 in March 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 March 2016 South Dakota labor force unchanged over the month, with the level of employed increasing to 442,900. The level of unemployed decreased by 700 (5.7 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 where employment data is collected for the pay periods that occur during the 12th of the month, preliminary estimates show the total nonfarm wage and salaried worker level increased by 2,200 (or 0.5 percent) from February 2016 to March 2016. The largest gains were found in construction (1,100 workers or 5.7 percent).
There were numerous events going on in South Dakota during March, including the Sioux Empire Home Show, Holiday Arts Spring Craft Show, Big Boy Toy Shows, Wrestling National Championship, Dakota Territory Gun Collectors Association Show, Wingapalooza, Wacipi, Black Hills Motorcycle Show, Farm Toys and Collectibles Show, Little Britches Rodeo, Eggstravaganza and ABATE Motorcycle Expo.
The largest over-the-month losses were in the professional and business services sector (500 workers or 1.6 percent).
Based on a monthly survey of South Dakota establishments, preliminary estimates show total nonfarm wage and salaried workers increased by 3,800 (or 0.9 percent) from March 2015 to March 2016.
Professional and business services had an over-the-year increase of 200 workers (0.7 percent). This industry as a whole has continued to trend upward since January 2004.
Wholesale trade worker level increased over the year to a level of 21,600 workers in March 2016. The wholesale trade industry has remained fairly stable since January 2004, slowly trending upward. Retail trade gained 2,100 workers (4.1 percent) to a level of 53,400 in March 2016.
Manufacturing lost 1,600 workers (3.8 percent) over the year from 42,600 in March 2015 to 41,000 in March 2016. In the last 10 years, manufacturing steadily trended upward until the recession. Manufacturing worker levels then hit a low in January 2010, but has been trending upward since.
Leisure and hospitality was unchanged over the year to a level of 42,800 in March 2016. Worker levels in this sector fluctuate due to seasonality and events during the year.
Education and health services increased over the year from 69,000 in March 2015 to 70,600 in March 2016. The sector gained 1,600 workers (2.3 percent).
For a printer-friendly version of this Overview, print pages 1-3 of the April e-Labor Bulletin (in Adobe PDF format).