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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
2024		 July
2024		 August
2023		 Percent Change
Last
Month		 Last
Year
United States
Labor Force 168,549,000 168,429,000 167,840,000 0.1% 0.4%
Employment 161,434,000 161,266,000 161,500,000 0.1% 0.0%
Unemployment 7,115,000 7,163,000 6,340,000 -0.7% 12.2%
Unemployment Rate 4.2% 4.3% 3.8%    

August
2024*		 July
2024		 August
2023		 Percent Change
Last
Month		 Last
Year
South Dakota
Labor Force 483,200 482,600 481,700 0.1% 0.3%
Employment 473,600 473,000 471,800 0.1% 0.4%
Unemployment 9,600 9,600 9,800 0.0% -2.0%
Unemployment Rate 2.0% 2.0% 2.0%    
South Dakota Nonfarm Wage and Salary Employment
Seasonally Adjusted
  August
2024*		 July
2024		 August
2023		 Percent Change
Last
Month		 Last
Year
Total Nonfarm 464,700 467,800 463,200 -0.7% 0.3%
Mining, Logging and Construction 31,500 31,600 29,600 -0.3% 6.4%
  Mining and Logging 1,200 1,200 1,200 0.0% 0.0%
  Construction 30,300 30,400 28,400 -0.3% 6.7%
Manufacturing 44,100 44,300 45,100 -0.5% -2.2%
   Durable Goods 26,600 26,900 28,200 -1.1% -5.7%
   Non-Durable Goods 17,500 17,400 16,900 0.6% 3.6%
Trade, Transportation and Utilities 92,900 92,600 92,100 0.3% 0.9%
  Wholesale Trade 22,500 22,500 22,200 0.0% 1.4%
  Retail Trade 54,400 54,300 54,100 0.2% 0.6%
  Transportation, Warehousing and Utilities 16,000 15,800 15,800 1.3% 1.3%
Information 5,000 5,100 5,100 -2.0% -2.0%
Financial Activities 27,100 27,200 27,800 -0.4% -2.5%
Professional and Business Services 37,700 37,700 37,500 0.0% 0.5%
Private Education and Health Services 78,100 78,100 77,100 0.0% 1.3%
  Private Educational Services 7,300 7,300 7,500 0.0% -2.7%
  Health Care and Social Assistance 70,800 70,800 69,600 0.0% 1.7%
Leisure and Hospitality 47,300 50,500 49,500 -6.3% -4.4%
Other Services (except Public Administration) 18,500 18,200 18,200 1.6% 1.6%
Government 82,500 82,500 81,200 0.0% 1.6%
  Federal Government 11,800 11,700 11,600 0.9% 1.7%
  State Government 18,300 18,400 18,200 -0.5% 0.5%
  Local Government 52,400 52,400 51,400 0.0% 1.9%
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
2024		 June
2024		 July
2023		 Percent Change
Last
Month		 Last
Year
Rapid City Metropolitan Statistical Area
Labor Force 79,400 79,400 79,000 0.0% 0.5%
Employment 77,800 77,800 77,400 0.0% 0.5%
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 165,100 164,600 165,500 0.3% -0.2%
Employment 162,100 161,700 162,500 0.2% -0.2%
Unemployment 3,000 3,000 2,900 0.0% 3.4%
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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