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 52,020 in December 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 December 2014 South Dakota labor force up over the month, with the level of employed increasing by 1,500 (0.3 percent). The level of unemployed increased by 300 (2.0 percent).
The nation's unemployment rate declined by 0.2 percentage point to 5.6 percent in December, and the number of unemployed persons declined by 383,000 to 8.7 million. Over the year, the unemployment rate and the number of unemployed persons were down by 1.1 percentage points and 1.7 million, respectively.
South Dakota's December 2014 labor force of 454,300 increased compared to the December 2013 level of 448,800. The level of employed increased by 6,600 (1.5 percent); the level of unemployed decreased by 1,000 persons (6.3 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 1,400 (or 0.3 percent) from November 2014 to December 2014.
There were numerous holiday and shopping events that took place in the state, such as the Annual Festival of Lights Parade, Winter Wonderland, Winter Market, Artists and Antlers Holiday Open House, Aberdeen Area Living Christmas Tree, Holiday Gift and Craft Fair/Festival of Trees and Frontier Christmas.
Retail trade had an increase of 300 workers (0.6 percent) over-the-month. Education and health services showed an increase of 200 workers (0.3 percent), and professional and business services had a gain of 200 workers (0.7 percent).
The leisure and hospitality industry showed the largest private loss with a 1,000 worker (or 2.5 percent) decrease. This large loss is not uncommon for this time frame. Wholesale trade had a decrease in workers by 100 (0.5 percent).
Based on a monthly survey of South Dakota establishments, preliminary estimates show total nonfarm wage and salaried workers increased by 3,300 (or 0.8 percent) from December 2013 to December 2014.
Professional and business services had an over-the-year increase of 500 workers (1.7 percent). The December 2014 level was 29,800 compared to 29,300 in December 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 1,500 workers (7.6 percent). The December 2013 level was 19,800 compared to 21,300 in December 2014. The wholesale trade industry has been steadily trending upward since 2008.
Manufacturing produced a gain of 1,600 workers (3.8 percent) over-the-year from 41,800 in December 2013 to 43,400 in December 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 since the recession.
Leisure and hospitality lost 1,800 workers over the year (4.3 percent), dropping to 39,800 in December 2014. The December 2013 worker level was 41,600. This sector fluctuates due to seasonality and events during the year. During the years of 2003 to 2013, the industry has shown consistent yearly patterns of peaks and lows.
Education and health services had a decrease of 400 workers (0.6 percent) over the year.
Find nonfarm worker data for areas within South Dakota.
For a printer-friendly version of this Overview, print pages 1-4 of the January e-Labor Bulletin (in Adobe PDF format).
See more information on the Current Employment Statistics (CES) Program, including definitions.