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 51,755 in July 2014. 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 2014 South Dakota labor force down over the month, with the level of employed decreasing by 1,600 (0.4 percent). The level of unemployed decreased by 500 (2.9 percent).
Nationally, both the unemployment rate (6.2 percent) and the number of unemployed persons (9.7 million) changed little in July. Over the past 12 months, the unemployment rate and the number of unemployed persons have declined by 1.1 percentage points and 1.7 million, respectively.
South Dakota's July 2014 labor force of 451,800 increased compared to the July 2013 level of 448,600. The level of employed increased by 3,900 (0.9 percent); the level of unemployed decreased by 700 persons (4.0 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. (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 2,300 (or 0.5 percent) from June 2014 to July 2014.
Private service-providing industries produced the overwhelming majority of the over-the-month growth. There were numerous events that increased the demand for these services such as Wild West Days, Black Hills Round Up, Jazzfest, Laura Ingalls Wilder Pageant, Hot Harley Nights, Summer Arts Festival, Cruiser Car Show, Festival in the Park, Hills Alive, Storybook Land Festival, Badlands Astronomy Festival, Fiesta Nights, Gold Discovery Days, Corn Stampede Rodeo and the South Dakota Peach Festival.
The leisure and hospitality industry showed the largest private gain with a 1,200 worker (or 2.5 percent) increase; seasonal events demanded more of these industries' services. Professional and business services added 400 workers (1.3 percent). Local government also showed seasonal over-the-month losses with a 4,500 worker (or 9.0 percent) decrease as staff and faculty were in the middle of the summer break.
Based on a monthly survey of South Dakota establishments, preliminary estimates show total nonfarm wage and salaried workers increased by 6,300 (or 1.5 percent) from July 2013 to July 2014.
Professional and business services had an over-the-year increase of 1,800 workers (6.0 percent). The July 2014 level was 31,900 compared to 30,100 in July 2013. During the time frame of January 2003 to December 2013, the industry has overall continued to trend upwards.
Wholesale trade showed worker gains over-the-year with an added 700 workers (3.5 percent). The July 2013 level was 20,200 compared to 20,900 in July 2014. The wholesale trade industry has been steadily trending upward since 2008.
Manufacturing produced a gain of 1,200 workers (2.9 percent) over-the-year from 41,900 in July 2013 to 43,100 in July 2014. South Dakota manufacturing has performed uniquely, as the industry produced worker growth from the beginning of 2004 all the way through November 2008, while national manufacturing has not shown growth since 1998. South Dakota showed its first over-the-year loss in August 2008 as the national recession became more pronounced and the world recession continued. South Dakota has shown a steady increase in manufacturing from the recession.
Leisure and hospitality had a worker gain of 200 workers over the year (0.4 percent) to a level of 49,200 in July 2014. The July 2013 worker level was 49,000. This sector fluctuates due to seasonality and events during the year. During the years of 2003-2013, the industry shows very consistently of peak and low yearly patterns. Retail trade had an increase of 400 workers (0.8 percent) over the year.
Find nonfarm worker data for areas within South Dakota.
See more information on the Current Employment Statistics (CES) Program, including definitions.