Department of Labor and Regulation

South Dakota e-Labor Bulletin from the Labor Market Information Center, South Dakota Department of Labor and Regulation

Overview of the labor market in October

Labor Supply

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 49,495
in October 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
October 2014

October 2014 labor supply estimates by county for South Dakota

Labor Force

This data is seasonally adjusted.

Preliminary estimates show the October 2014 South Dakota labor force up over the month, with the level of employed increasing by 1,400 (0.3 percent). The level of unemployed decreased by 700 (4.5 percent).

Nationally, both the unemployment rate (5.8 percent) and the number of unemployed persons (9.0 million) edged down in October.

South Dakota's October 2014 labor force of 451,400 increased compared to the October 2013 level of 448,600. The level of employed increased by 4,400 (1.0 percent); the level of unemployed decreased by 1,700 persons (10.3 percent).

South Dakota Unemployment Rates by County
Not seasonally adjusted
October 2014

October 2014 unemployment rates by county for South Dakota

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.

Over-the-month comparisons

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 increased by 800 (or 0.2 percent) from September 2014 to October 2014.

There were numerous events that increased the demand for services such as Oktoberfest, Festival of Quilts, Beer Festival, Gypsy Day Parade, Festifall, Autumn Festival, Fall Arts and Crafts Show, Taste of South Dakota, Hunters Wives Days, Annual Gun Show and numerous Halloween events throughout the state.

The leisure and hospitality industry showed the largest private loss with a 1,500 worker (or 3.3 percent) decrease. This large loss is not uncommon for this time frame. Retail trade had a decrease in workers by 400 (0.8 percent). Educational services had an increase of 500 workers (6.5 percent) over-the-month. Wholesale trade showed an increase of 300 workers (1.4 percent).

Over-the-year comparisons

Based on a monthly survey of South Dakota establishments, preliminary estimates show total nonfarm wage and salaried workers increased by 6,000 (or 1.4 percent) from October 2013 to October 2014.

Professional and business services had an over-the-year increase of 300 workers (1.0 percent). The October 2014 level was 30,100 compared to 29,800 in October 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 October 2013 level was 19,800 compared to 21,300 in October 2014. The wholesale trade industry has been steadily trending upward since 2008.

Find nonfarm worker data for areas within South Dakota.

For a printer-friendly version of this Overview, print pages 1-3 of the November e-Labor Bulletin (in Adobe PDF format).

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See more information on the Current Employment Statistics (CES) Program, including definitions.

 


Marcia Hultman, Secretary
700 Governors Drive
Pierre, SD 57501-2291
Tel. 605.773.3101
Fax. 605.773.6184