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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

August
2023		 July
2023		 August
2022		 Percent Change
Last
Month		 Last
Year
United States
Labor Force 167,839,000 167,103,000 164,714,000 0.4% 1.9%
Employment 161,484,000 161,262,000 158,694,000 0.1% 1.8%
Unemployment 6,355,000 5,841,000 6,021,000 8.8% 5.5%
Unemployment Rate 3.8% 3.5% 3.7%    

August
2023		 July
2023		 August
2022		 Percent Change
Last
Month		 Last
Year
South Dakota
Labor Force 483,100 482,700 475,500 0.1% 1.6%
Employment 474,000 473,700 465,200 0.1% 1.9%
Unemployment 9,100 9,000 10,300 1.1% -11.7%
Unemployment Rate 1.9% 1.9% 2.2%    
South Dakota Nonfarm Wage and Salary Employment
Seasonally Adjusted
  August
2023		 July
2023		 August
2022		 Percent Change
Last
Month		 Last
Year
Total Nonfarm 461,700 460,100 454,900 0.3% 1.5%
Mining, Logging and Construction 28,400 28,100 27,300 1.1% 4.0%
  Mining and Logging 1,200 1,200 1,200 0.0% 0.0%
  Construction 27,200 26,900 26,100 1.1% 4.2%
Manufacturing 46,100 46,100 45,300 0.0% 1.8%
   Durable Goods 29,200 29,000 28,400 0.7% 2.8%
   Non-Durable Goods 16,900 17,100 16,900 -1.2% 0.0%
Trade, Transportation and Utilities 92,500 92,500 89,400 0.0% 3.5%
  Wholesale Trade 23,200 23,300 22,100 -0.4% 5.0%
  Retail Trade 54,900 54,800 53,000 0.2% 3.6%
  Transportation, Warehousing and Utilities 14,400 14,400 14,300 0.0% 0.7%
Information 5,300 5,300 5,300 0.0% 0.0%
Financial Activities 27,600 27,700 28,100 -0.4% -1.8%
Professional and Business Services 38,400 37,300 37,200 2.9% 3.2%
Private Education and Health Services 77,400 77,000 76,100 0.5% 1.7%
  Private Educational Services 8,100 7,900 7,100 2.5% 14.1%
  Health Care and Social Assistance 69,300 69,100 69,000 0.3% 0.4%
Leisure and Hospitality 47,200 47,700 48,300 -1.0% -2.3%
Other Services (except Public Administration) 18,000 17,800 17,900 1.1% 0.6%
Government 80,800 80,600 80,000 0.2% 1.0%
  Federal Government 11,600 11,500 11,100 0.9% 4.5%
  State Government 18,200 17,900 17,700 1.7% 2.8%
  Local Government 51,000 51,200 51,200 -0.4% -0.4%
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
  July
2023		 June
2023		 July
2022		 Percent Change
Last
Month		 Last
Year
Rapid City Metropolitan Statistical Area
Labor Force 79,500 79,700 78,500 -0.3% 1.3%
Employment 78,000 78,200 76,800 -0.3% 1.6%
Unemployment 1,500 1,500 1,700 0.0% -11.8%
Unemployment Rate 1.9% 1.8% 2.2%    
Sioux Falls Metropolitan Statistical Area
Labor Force 165,600 165,100 163,000 0.3% 1.6%
Employment 162,900 162,300 160,000 0.4% 1.8%
Unemployment 2,800 2,800 3,000 0.0% -6.7%
Unemployment Rate 1.7% 1.7% 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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