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 56,040 in August 2015. 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 August 2015 South Dakota labor force down over the month, with the level of employed increasing by 200 (0.0 percent). The level of unemployed decreased by 700 (4.0 percent).
The national unemployment rate edged down to 5.1 percent in August, and the number of unemployed persons edged down to 8.0 million. Over the year, the unemployment rate and the number of unemployed persons were down by 1.0 percentage point and 1.5 million, respectively.
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. (See methodology.)
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 decreased by 300 (or 0.1 percent) from July 2015 to August 2015.
There were numerous summer events going on in August in South Dakota. Some of the events include the Sioux River Folk Festival, Custer Cruisin, Riverside Park Days, Potato Days, Rock N Rumbler, Brandon Hometown Days, Downtown Riverfest, several fairs, Dakota Thunder Air Show, Dakotafest, Kool Deadwood Nites, Riverboat Days, Sizzlin Summer Nights, Corn Palace Festival, Steam Threshing Jamboree, Blackout Motors Show and Shine, Great Dakota Wine Festival and multiple car/tractor shows and several rodeos.
The state's largest event of the year took place in August--the Sturgis Rally. This year marked 75 years and over 1 million in attendance was predicted. The final rally attendance counts will be released shortly.
Leisure and hospitality had the largest increase of 2,100 workers (4.1 percent). The largest over-the-month losses were mostly found in the education and health services sector with a decrease of 600 workers (0.9 percent) and government with a loss of 600 workers (0.8 percent).
Based on a monthly survey of South Dakota establishments, preliminary estimates show total nonfarm wage and salaried workers increased by 8,300 (or 1.9 percent) from August 2014 to August 2015.
Professional and business services had an over-the-year increase of 300 workers (1.0 percent). This industry as a whole has continued to trend upward since January 2004.
Wholesale trade showed workers decreased over the year by 100 workers (0.5 percent) to a level of 21,000 workers in August 2015. The wholesale trade industry has remained fairly stable since January 2004, slowly trending upward. Retail trade gained 1,300 workers (2.4 percent) to a level of 54,500 in August 2015.
Manufacturing gained 1,600 workers (3.7 percent) over the year from 42,900 in August 2014 to 44,500 in August 2015. 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 had a worker gain of 2,500 workers over the year (4.9 percent) to a level of 53,400 in August 2015. The August 2014 worker level was 50,900. Worker levels in this sector fluctuate due to seasonality and events during the year.
Education and health services increased over the year from 67,900 in August 2014 to 69,400 in August 2015. The sector gained 1,500 workers (2.2 percent).
For a printer-friendly version of this Overview, print pages 3-5 of the September e-Labor Bulletin (in Adobe PDF format).
See more information on the Current Employment Statistics (CES) Program, including definitions.