Metropolitan Gross Domestic Product Data Series, 2013...

October 2014Labor Market Information Center SD Department of Labor & Regulation

Metropolitan Gross Domestic Product Data Series, 2013 Estimates

Gross Domestic Product (GDP) is one of the primary indicators used to gauge the health of an area’s economy and the size of the economy. It represents the total dollar value of all goods and services produced over a spe-cifi c time period. GDP is an aggregate measure of total economic production for an area.

It is important to track GDP as an economic indicator because it provides an inclusive picture of an economy and helps in decision making for government and investors. GDP is measured, along with employment levels, unemployment rates, wage and earnings data, estimates of available labor and employment projections to give an overall picture of the labor market in an area.

South Dakota’s Gross Domestic Product (GDP) in 2013 totaled over $41.1 million according to advanced data estimates from the U.S. Bureau of Economic Analysis. GDP rose 3.1 percent in 2013 from $39.9 million in 2012. South Dakota was ranked 9th in the United States for GDP growth, with North Dakota being ranked 1st.

There are two Metropolitan Statistical Areas (MSA) in South Dakota. According to the Offi ce of Management and Budget (OMB), areas qualifying as a MSA must have at least one urbanized area of 50,000 or more popu-lation, plus adjacent territory that has a high degree of social and economic integration with the core as mea-sured by commuting ties.

In 2013, Sioux Falls had the largest GDP in South Dakota at $16.0 million, and Rapid City had a GDP of $5.6 million. Sioux Falls had a percent change of 2.5 percent from 2012 to 2013, while Rapid City had 1.0 percent growth.

ManufacturingIn Rapid City, the manufacturing industry had negative growth during 2009 (7.4 percent) and 2010 (12.1 percent). There was a small percentage increase in 2011 (3.0 percent), with strong growth in 2012 (7.4 per-cent) and 2013 (9.2 percent). Sioux Falls showed a negative percentage change in 2009 for growth domestic

Statewide Gross Domestic Product Millions of chained (2009) dollars Percent Change

Area 2008 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013South Dakota 36,467 36,979 37,960 39,804 39,906 41,142 1.4 2.7 4.9 0.3 3.1 Source: U.S. Bureau of Economic Analysis

Gross Domestic Product by Metropolitan Statistical Area- South Dakota Millions of chained (2009) dollars Percent Change

Area 2008 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013Rapid City, SD 5,113 5,119 5,347 5,517 5,556 5,610 0.1 4.5 3.2 0.7 1.0Sioux Falls, SD 14,135 14,426 14,653 15,288 15,654 16,046 2.1 1.6 4.3 2.4 2.5Source: U.S. Bureau of Economic Analysis

South Dakota e-Labor Bulletin October 2014

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product at 9.5 percent. Data was not shown for Sioux for the years of 2010-2013 in order to avoid the disclo-sure of confi dential information.

ConstructionRapid City showed a small increase in 2009 in GDP for the construction sector. There was a decrease of 4.9 percent in 2009 followed by a strong growth of 7.7 percent in 2011. In 2012 and 2013 there was a small growth of 1.0 percent. Sioux Falls also had a small increase in 2009 of 1.3 percent. Sioux Falls had a decrease in 2010, followed growth in 2011 (1.9 percent) and 2012 (5.9 percent). Sioux Falls construction GDP had a large over the year percent change in 2013 at 9.6 percent.

Financial Services

The United States Bureau of Economic Analysis considers Financial Services to include fi nance, insurance, real estate, rental and leasing. Rapid City showed a small percentage increase in 2009 (1.6 percent) for fi nancial services. Rapid City showed strong over-the-year percentage growth in 2010. Sioux Falls showed a growth of 10.2 percent in 2012. The fi nancial sector has a strong premise in Sioux Falls.

Educational and Health ServicesEducational and health services continues to be a stable sector. Rapid City showed positive growth from 2009-2013. Rapid City had a strong growth of 6.0 percent in 2010 and 6.5 percent in 2012. Sioux Falls showed a growth of 7.2 percent in 2009. Due to confi dentiality, data is not available for 2010-2013.

Manufacturing GDP by MSAMillions of chained (2009) dollars Percent Change

Area 2008 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013Rapid City, SD 242 224 197 203 218 238 -7.4 -12.1 3.0 7.4 9.2Sioux Falls, SD 1,006 910 n/a n/a n/a n/a -9.5 n/a n/a n/a n/a Note: Not available (n/a) due to confi dentiality with the data Source: U.S. Bureau of Economic Analysis

Construction GDP by MSAMillions of chained (2009) dollars Percent Change

Area 2008 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013Rapid City, SD 281 287 273 294 297 300 2.1 -4.9 7.7 1.0 1.0Sioux Falls, SD 528 535 483 492 521 571 1.3 -9.7 1.9 5.9 9.6Source: U.S. Bureau of Economic Analysis

Financial Services GDP by MSAMillions of chained (2009) dollars Percent Change

Area 2008 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013Rapid City, SD 1,112 1,130 1,229 1,285 1,331 1,385 1.6 8.8 4.6 3.6 4.1Sioux Falls, SD 5,926 5,828 5,867 6,126 6,749 7,112 -1.7 0.7 4.4 10.2 5.4Source: U.S. Bureau of Economic Analysis


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Educational and Health Services GDP by MSAMillions of chained (2009) dollars Percent Change

Area 2008 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013Rapid City, SD 594 612 649 673 717 747 3.0 6.0 3.7 6.5 4.2Sioux Falls, SD 1,455 1,560 n/a n/a n/a n/a 7.2 n/a n/a n/a n/a Source: U.S. Bureau of Economic Analysis

Professional and Business ServicesThe professional and business services sector had a negative growth of 3.1 percent for both Rapid City and Sioux Falls in 2009. Rapid City had strong growth in 2011 at 9.1 percent. Sioux Falls had a signifi cant growth of 10.4 percent in 2010.

Leisure and HospitalityThe United States Bureau of Economic Analysis considers the Leisure and Hospitality sector to include arts, entertainment, recreation, accommodation and food services. Rapid City had a small increase (0.4 percent) during the recession but showed stronger growth (6.4 percent) in 2010. Rapid City also had a strong growth in 2012 of 6.8 percent. Sioux Falls had a decrease of 4.4 percent in 2009 but had a growth of 6.3 percent in 2010.

Professional and Business Services GDP by MSAMillions of chained (2009) dollars Percent Change

Area 2008 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013Rapid City, SD 358 347 364 397 426 437 -3.1 4.9 9.1 7.3 2.6Sioux Falls, SD 851 825 911 955 1,036 1,051 -3.1 10.4 4.8 8.5 1.4Source: U.S. Bureau of Economic Analysis

Leisure and Hospitality GDP by MSAMillions of chained (2009) dollars Percent Change

Area 2008 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013Rapid City, SD 266 267 284 296 316 333 0.4 6.4 4.2 6.8 5.4Sioux Falls, SD 384 367 390 405 420 438 -4.4 6.3 3.8 3.7 4.3Source: U.S. Bureau of Economic Analysis


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Overview of the labor market in September

Labor SupplyThe number of South Dakotans who would be available to staff a new or expanding business, or South Da-kota’s labor supply, was estimated at 50,050 in September 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.

South Dakota Labor SupplySeptember 2014

Labor ForceThis data is seasonally adjusted.

Preliminary estimates show the September 2014 South Dakota labor force up over the month, with the level of employed increasing by 600 (0.1 percent). The level of unemployed decreased by 500 (3.1 percent).

Nationally, the unemployment rate declined by 0.2 percentage point to 5.9 percent. The number of unemployed persons decreased by 329,000 to 9.3 million. Over the year, the unemployment rate and the number of unem-ployed persons were down by 1.3 percentage points and 1.9 million, respectively.

South Dakota’s September 2014 labor force of 450,500 increased compared to the September 2013 level of 448,300. The level of employed increased by 3,400 (0.8 percent); the level of unemployed decreased by 1,200 persons (7.2 percent).


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South Dakota Unemployment Rates by CountyNot seasonally adjusted

September 2014

Notes about labor force dataThe unemployment rate represents the number of unemployed as a percent of the labor force. People are classifi ed 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 defi nitions underlying the labor force data come from the Current Population Survey (CPS), the household survey which is the offi cial 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 unem-ployment insurance claims and survey data from the Current Population Survey (CPS) which is specifi c to the state.

Although state specifi c 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.


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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 sala-ried worker level decreased by 4,600 (or 1.1 percent) from August 2014 to September 2014.

There were numerous events that increased the demand for services such as Black Hills Showcase, Portfolio Art Show, Vintiques Rod Run and Car Show, Quilt Show, Homesteader Day Celebration, Foothills Bud Light Bull Bash, Kuchen Festival, Beef n Fun Days, Fire and Rescue and Annual Car Show, North Country Fiber Fair, Schmeckfest, Menno Pioneer Power Show, Celtic Faire and Games, Women’s Expo, National Pedal Pull, Great Pumpkin Festival and Buffalo Wallow Chili Cookoff.

The leisure and hospitality industry showed the largest private loss with a 5,400 worker (or 10.6 percent) decrease. This large loss is not uncommon for this time frame as schools are now back in session. Retail trade had a decrease in workers by 2,300 (4.4 percent). Professional and business services also had a loss of 1,300 workers (4.1 percent). Government had a large over-the-month gain of 4,300 workers (5.8 percent). This large growth is due to employment starting back for school.

Over-the-year comparisons

Based on a monthly survey of South Dakota establishments, preliminary estimates show total nonfarm wage and salaried workers increased by 2,000 (or 0.5 percent) from September 2013 to September 2014.

Professional and business services had an over-the-year increase of 600 workers (2.0 percent). The Sep-tember 2014 level was 30,300 compared to 29,700 in September 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 1,400 workers (7.1 percent). The Septem-ber 2013 level was 19,700 compared to 21,100 in September 2014. The wholesale trade industry has been steadily trending upward since 2008.

Manufacturing produced a gain of 1,300 workers (3.1 percent) over-the-year from 41,500 in September 2013 to 42,800 in September 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 manufactur-ing has not shown growth since 1998. South Dakota showed its fi rst 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 recovering from the recession.

Leisure and hospitality had a worker loss of 1,600 workers over the year (3.4 percent) to a level of 45,400 in September 2014. The September 2013 worker level was 47,000. This sector fl uctuates 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 a decrease of 1,200 workers (2.3 percent) over the year, which is not uncom-mon for this time period.


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South DakotaNonfarm Worker Levels

Not Seasonally Adjusted

IndustriesSeptember

2014August

2014September

2013

Percent Change

Last Month

LastYear

TOTAL 424,500 429,100 422,500 -1.1% 0.5%

Total Private 345,700 354,600 344,400 -2.5% 0.4%

Goods Producing 66,600 67,200 64,900 -0.9% 2.6%

Service Providing 357,900 361,900 357,600 -1.1% 0.1%

Private Service Providing 279,100 287,400 279,500 -2.9% -0.1%

Mining/Logging/Construction 23,800 24,400 23,400 -2.5% 1.7%

Manufacturing 42,800 42,800 41,500 0.0% 3.1%

Trade/Transportation/Utilities 83,900 85,800 83,400 -2.2% 0.6%

Wholesale Trade 21,100 21,000 19,700 0.5% 7.1%

Retail Trade 49,900 52,200 51,100 -4.4% -2.4%

Transportation/Warehousing/Utilities 12,900 12,600 12,600 2.4% 2.4%

Information 6,200 6,300 6,000 -1.6% 3.3%

Financial Activities 29,800 29,800 29,800 0.0% 0.0%

Professional Business Services 30,300 31,600 29,700 -4.1% 2.0%

Education/Health Service 67,000 66,800 67,600 0.3% -0.9%

Educational Services 7,700 6,800 7,300 13.2% 5.5%

Health Care/Social Assistance 59,300 60,000 60,300 -1.2% -1.7%

Hospitals 23,900 23,900 23,400 0.0% 2.1%

Leisure/Hospitality 45,400 50,800 47,000 -10.6% -3.4%

Other Services 16,500 16,300 16,000 1.2% 3.1%

Government 78,800 74,500 78,100 5.8% 0.9%

Federal 11,400 11,400 11,100 0.0% 2.7%

State 19,200 17,400 19,200 10.3% 0.0%

State Education 9,800 8,000 10,200 22.5% -3.9%

Local 48,200 45,700 47,800 5.5% 0.8%

Local Education 24,400 19,600 24,800 24.5% -1.6%

2014 data is preliminary and subject to revision. Data may not sum to totals because of rounding.

Source: Labor Market Information Center, South Dakota Department of Labor and Regulation. Produced in

cooperation with the U.S. Bureau of Labor Statistics.


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Rapid City Metropolitan Statistical AreaNonfarm Worker Levels


IndustriesSeptember

2014August

2014September

2013

Percent Change

LastMonth

LastYear

TOTAL 64,500 66,200 64,800 -2.6% -0.5%

Total Private 53,900 57,000 54,300 -5.4% -0.7%

Goods Producing 7,900 8,100 7,600 -2.5% 4.0%

Service Providing 56,600 58,100 57,200 -2.6% -1.1%

Private Service Providing 46,000 48,900 46,700 -5.9% -1.5%


Manufacturing 3,000 3,100 3,000 -3.2% 0.0%

Trade/Transportation/Utilities 12,300 12,900 13,000 -4.7% -5.4%

Wholesale Trade 2,100 2,100 2,200 0.0% -4.6%

Retail Trade 8,600 9,300 9,100 -7.5% -5.5%

Transportation/Warehousing/Utilities 1,600 1,500 1,700 6.7% -5.9%

Information 800 900 900 -11.1% -11.1%

Financial Activities 4,100 4,100 4,100 0.0% 0.0%

Professional/Business Services 5,000 5,200 4,900 -3.9% 2.0%

Educational/Health Services 10,900 10,700 10,800 1.9% 0.9%

Leisure/Hospitality 9,900 12,100 10,000 -18.2% -1.0%

Other Services 3,000 3,000 3,000 0.0% 0.0%

Government 10,600 9,200 10,500 15.2% 1.0%





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Sioux Falls Metropolitan Statistical AreaNonfarm Worker Levels


IndustriesSeptember

2014August

2014September

2013

Percent Change

Last Month

LastYear

TOTAL 146,000 146,400 144,600 -0.3% 1.0%

Total Private 132,500 134,400 131,300 -1.4% 0.9%

Goods Producing 21,700 21,800 21,300 -0.5% 1.9%

Service Providing 124,300 124,600 123,300 -0.2% 0.8%

Private Service Providing 110,800 112,600 110,000 -1.6% 0.7%


Manufacturing 13,500 13,400 13,400 0.8% 0.8%

Trade/Transportation/Utilities 30,700 31,200 30,000 -1.6% 2.3%

Wholesale Trade 7,900 7,900 7,600 0.0% 4.0%

Retail Trade 17,800 18,300 17,400 -2.7% 2.3%

Transportation/Warehousing/Utilities 5,000 5,000 5,000 0.0% 0.0%

Information 2,700 2,800 2,700 -3.6% 0.0%

Financial Activities 16,500 16,600 16,400 -0.6% 0.6%

Professional/Business Services 13,200 14,100 13,500 -6.4% -2.2%

Educational/Health Services 29,200 28,300 29,100 3.2% 0.3%

Leisure/Hospitality 13,700 14,800 13,600 -7.4% 0.7%

Other Services 4,800 4,800 4,700 0.0% 2.1%

Government 13,500 12,000 13,300 12.5% 1.5%





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South Dakota AreasNonfarm Worker Levels


AreaSeptember

2014August

2014September

2013

Percent Change

LastMonth

LastYear

Aberdeen MiSA 23,210 23,195 22,680 0.1% 2.3%

Brookings MiSA 19,110 18,230 18,740 4.8% 2.0%

Huron MiSA 8,820 8,945 8,940 -1.4% -1.3%

Mitchell MiSA 13,790 14,010 13,720 -1.6% 0.5%

Pierre MiSA 12,485 12,820 12,410 -2.6% 0.6%

Spearfish MiSA 12,040 12,270 12,125 -1.9% -0.7%

Vermillion MiSA 6,845 5,980 6,940 14.5% -1.4%

Watertown MiSA 18,275 18,670 18,295 -2.1% -0.1%

Yankton MiSA 13,145 13,415 13,055 -2.0% 0.7%

Rapid City MSA 64,500 66,200 64,800 -2.6% -0.5%

Sioux Falls MSA 146,000 146,400 144,600 -0.3% 1.0%

Dewey-Ziebach LMA 2,685 2,600 2,680 3.3% 0.2%

Aurora County 880 915 865 -3.8% 1.7%

Bennett County 820 850 880 -3.5% -6.8%

Bon Homme County 1,780 1,870 1,820 -4.8% -2.2%

Brule County 2,335 2,440 2,300 -4.3% 1.5%

Buffalo County 545 575 515 -5.2% 5.8%

Butte County 2,950 2,975 2,930 -0.8% 0.7%

Campbell County 395 415 410 -4.8% -3.7%

Charles Mix County 3,475 3,645 3,515 -4.7% -1.1%

Clark County 1,055 1,085 1,035 -2.8% 1.9%

Corson County 895 895 900 0.0% -0.6%

Custer County 2,820 3,125 2,920 -9.8% -3.4%

Day County 1,960 2,045 1,955 -4.2% 0.3%

Deuel County 1,500 1,525 1,580 -1.6% -5.1%

Douglas County 1,195 1,240 1,190 -3.6% 0.4%

Fall River County 2,705 2,825 2,710 -4.2% -0.2%

Faulk County 630 620 630 1.6% 0.0%

Grant County 4,000 4,080 3,890 -2.0% 2.8%


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AreaSeptember

2014August

2014September

2013

Percent Change

LastMonth

LastYear

Gregory County 1,515 1,500 1,500 1.0% 1.0%

Haakon County 730 750 730 -2.7% 0.0%

Hand County 1,200 1,275 1,180 -5.9% 1.7%

Harding County 465 475 465 -2.1% 0.0%

Hutchinson County 2,665 2,755 2,690 -3.3% -0.9%

Hyde County 480 515 490 -6.8% -2.0%

Jackson County 810 880 805 -8.0% 0.6%

Jerauld County 1,555 1,580 1,575 -1.6% -1.3%

Jones County 460 505 495 -8.9% -7.1%

Kingsbury County 1,885 1,960 1,860 -3.8% 1.3%

Lake County 5,040 4,940 5,000 2.0% 0.8%

Lyman County 1,575 1,660 1,605 -5.1% -1.9%

McPherson County 620 635 625 -2.4% -0.8%

Marshall County 1,535 1,585 1,545 -3.2% -0.6%

Mellette County 345 345 355 0.0% -2.8%

Miner County 725 735 730 -1.4% -0.7%

Moody County 2,210 2,215 2,235 -0.2% -1.1%

Perkins County 1,090 1,135 1,110 -4.0% -1.8%

Potter County 845 885 855 -4.5% -1.2%

Roberts County 3,600 3,620 3,545 -0.6% 1.6%

Sanborn County 670 690 670 -2.9% 0.0%

Shannon County 3,785 4,160 3,875 -9.0% -2.3%

Spink County 2,315 2,400 2,330 -3.5% -0.6%

Sully County 535 555 530 -3.6% 0.9%

Todd County 2,830 3,000 2,910 -5.7% -2.7%

Tripp County 1,980 2,075 2,035 -4.6% -2.7%

Union County 9,765 9,895 9,375 -1.3% 4.2%

Walworth County 2,430 2,515 2,360 -3.4% 3.0%


Source: Labor Market Information Center, South Dakota Department of Labor and Regulation.

Produced in cooperation with the U.S. Bureau of Labor Statistics.


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South DakotaLabor Supply

September 2014

South Dakota 50,050 Deuel 235 Lawrence 1,570

Rapid City MSA 7,770 Dewey 675 Lyman 280

Sioux Falls MSA 14,220 Douglas 145 McPherson 145

Aurora 130 Edmunds 270 Marshall 205

Beadle 940 Fall River 475 Mellette 170

Bennett 200 Faulk 115 Miner 120

Bon Homme 255 Grant 415 Moody 370

Brookings 2,025 Gregory 200 Perkins 145

Brown 2,030 Haakon 115 Potter 135

Brule 290 Hamlin 355 Roberts 505

Buffalo 305 Hand 165 Sanborn 110

Butte 430 Hanson 220 Shannon 1,190

Campbell 95 Harding 95 Spink 355

Charles Mix 420 Hughes 1,075 Stanley 280

Clark 175 Hutchinson 295 Sully 105

Clay 945 Hyde 95 Todd 635

Codington 1,520 Jackson 240 Tripp 255

Corson 245 Jerauld 205 Union 1,025

Custer 730 Jones 105 Walworth 345

Davison 1,210 Kingsbury 260 Yankton 1,295

Day 305 Lake 585 Ziebach 230

Source: Labor Market Information Center, South Dakota Department of Labor and Regulation.


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United States and South DakotaLabor Force

Seasonally AdjustedSeptember 2014 September 2013

Area Labor Force Employed Unemployed Rate Labor Force Employed Unemployed Rate

United States 155,862,000 146,600,000 9,262,000 5.9% 155,473,000 144,270,000 11,203,000 7.2%

South Dakota 450,500 435,000 15,500 3.4% 448,300 431,600 16,700 3.7%


Source: Labor Market Information Center, South Dakota Department of Labor and Regulation. Produced in cooperation with the U.S. Bureau

of Labor Statistics.


Page 13 of 22

South Dakota and CountiesLabor Force


Areas

September 2014 September 2013

Labor Force Employment Unemployment Rate


South Dakota 450,045 436,585 13,460 3.0% 449,135 434,185 14,950 3.3%

Aurora County 1,620 1,585 35 2.2% 1,555 1,515 40 2.6%

Beadle County 9,840 9,585 255 2.6% 9,955 9,650 305 3.1%

Bennett County 1,325 1,265 60 4.5% 1,370 1,315 55 4.2%

Bon Homme County 2,965 2,865 100 3.4% 2,915 2,810 105 3.6%

Brookings County 19,120 18,605 515 2.7% 18,850 18,330 520 2.8%

Brown County 21,440 20,915 525 2.4% 21,255 20,590 665 3.1%

Brule County 2,830 2,755 75 2.6% 2,745 2,665 80 2.9%

Buffalo County 535 475 60 11.0% 540 475 65 11.7%

Butte County 5,420 5,275 145 2.7% 5,390 5,220 170 3.1%

Campbell County 805 780 25 3.1% 830 800 30 3.5%

Charles Mix County 4,050 3,905 145 3.6% 4,030 3,870 160 4.0%

Clark County 2,025 1,965 60 3.1% 1,945 1,880 65 3.2%

Clay County 7,265 7,025 240 3.3% 7,365 7,135 230 3.1%

Codington County 16,245 15,825 420 2.6% 16,230 15,780 450 2.8%

Corson County 1,385 1,310 75 5.5% 1,335 1,250 85 6.4%

Custer County 4,905 4,760 145 2.9% 5,030 4,865 165 3.3%

Davison County 11,730 11,460 270 2.3% 11,785 11,475 310 2.6%

Day County 2,770 2,665 105 3.9% 2,765 2,640 125 4.5%

Deuel County 2,530 2,450 80 3.1% 2,605 2,515 90 3.5%

Dewey County 2,665 2,385 280 10.4% 2,595 2,270 325 12.6%

Douglas County 1,835 1,795 40 2.3% 1,755 1,715 40 2.3%

Edmunds County 1,980 1,915 65 3.2% 1,945 1,885 60 3.1%

Fall River County 3,640 3,515 125 3.5% 3,635 3,500 135 3.7%

Faulk County 1,215 1,185 30 2.6% 1,160 1,125 35 3.0%

Grant County 4,280 4,155 125 2.9% 4,095 3,960 135 3.3%

Gregory County 2,355 2,295 60 2.5% 2,295 2,225 70 3.1%

Haakon County 1,135 1,110 25 2.3% 1,125 1,095 30 2.5%

Hamlin County 2,910 2,840 70 2.5% 2,935 2,835 100 3.3%


Page 14 of 22

Areas




Hand County 1,900 1,855 45 2.4% 1,825 1,780 45 2.6%

Hanson County 1,840 1,790 50 2.6% 1,855 1,795 60 3.2%

Harding County 885 865 20 2.3% 805 785 20 2.7%

Hughes County 10,300 10,060 240 2.3% 10,045 9,770 275 2.7%

Hutchinson County 3,755 3,660 95 2.6% 3,700 3,590 110 2.9%

Hyde County 705 685 20 2.8% 700 675 25 3.6%

Jackson County 1,275 1,220 55 4.2% 1,245 1,180 65 5.1%

Jerauld County 1,510 1,480 30 2.1% 1,520 1,490 30 2.1%

Jones County 685 670 15 2.5% 700 680 20 3.0%

Kingsbury County 3,045 2,975 70 2.3% 3,060 2,975 85 2.8%

Lake County 6,655 6,465 190 2.8% 6,740 6,510 230 3.4%

Lawrence County 13,045 12,655 390 3.0% 13,095 12,660 435 3.3%

Lincoln County 27,370 26,720 650 2.4% 27,300 26,570 730 2.7%

Lyman County 2,030 1,965 65 3.2% 1,960 1,885 75 3.8%

McCook County 2,725 2,665 60 2.2% 2,725 2,650 75 2.7%

McPherson County 1,145 1,100 45 3.8% 1,095 1,050 45 4.0%

Marshall County 2,205 2,130 75 3.5% 2,190 2,105 85 4.0%

Meade County 12,770 12,355 415 3.3% 12,905 12,450 455 3.5%

Mellette County 865 815 50 5.6% 865 810 55 6.1%

Miner County 1,125 1,090 35 3.2% 1,110 1,070 40 3.7%

Minnehaha County 100,325 97,595 2,730 2.7% 100,060 97,055 3,005 3.0%

Moody County 3,915 3,775 140 3.5% 3,900 3,745 155 4.0%

Pennington County 55,410 53,830 1,580 2.8% 56,105 54,250 1,855 3.3%

Perkins County 1,580 1,540 40 2.7% 1,530 1,485 45 3.0%

Potter County 1,255 1,215 40 3.2% 1,240 1,200 40 3.3%

Roberts County 4,795 4,615 180 3.7% 4,835 4,640 195 4.0%

Sanborn County 1,390 1,355 35 2.4% 1,360 1,320 40 2.8%

Shannon County 3,665 3,175 490 13.3% 3,820 3,345 475 12.5%

Spink County 3,320 3,215 105 3.2% 3,245 3,145 100 3.1%

Stanley County 1,990 1,955 35 1.7% 1,955 1,895 60 3.0%

Sully County 1,080 1,055 25 2.1% 1,045 1,020 25 2.3%


Page 15 of 22

Areas




Todd County 3,275 3,015 260 7.9% 3,380 3,090 290 8.6%

Tripp County 2,800 2,710 90 3.2% 2,775 2,685 90 3.2%

Turner County 4,305 4,175 130 3.0% 4,280 4,155 125 2.9%

Union County 8,630 8,300 330 3.8% 8,630 8,320 310 3.6%

Walworth County 2,735 2,640 95 3.4% 2,695 2,590 105 3.8%

Yankton County 11,840 11,510 330 2.8% 11,785 11,420 365 3.1%

Ziebach County 1,065 1,005 60 5.7% 1,015 955 60 6.1%


Source: Labor Market Information Center, South Dakota Department of Labor and Regulation. Produced in cooperation with the U.S. Bureau of

Labor Statistics.


Page 16 of 22

South Dakota AreasLabor Force


Areas




Rapid City MSA 68,180 66,185 1,995 2.9% 69,010 66,700 2,310 3.3%

Sioux Falls MSA 134,730 131,160 3,570 2.7% 134,360 130,430 3,930 2.9%

Aberdeen MiSA 23,415 22,830 585 2.5% 23,200 22,475 725 3.1%

Brookings MiSA 19,120 18,605 515 2.7% 18,850 18,330 520 2.8%

Huron MiSA 9,840 9,585 255 2.6% 9,955 9,650 305 3.1%

Mitchell MiSA 13,575 13,255 320 2.4% 13,640 13,270 370 2.7%

Pierre MiSA 12,285 12,015 270 2.2% 11,995 11,665 330 2.8%

Spearfish MiSA 13,045 12,655 390 3.0% 13,095 12,660 435 3.3%

Vermillion MiSA 7,265 7,025 240 3.3% 7,365 7,135 230 3.1%

Watertown MiSA 19,155 18,665 490 2.6% 19,165 18,615 550 2.9%

Yankton MiSA 11,840 11,510 330 2.8% 11,785 11,420 365 3.1%

Dewey-Ziebach LMA 3,735 3,395 340 9.1% 3,615 3,225 390 10.8%


Source: Labor Market Information Center, South Dakota Department of Labor and Regulation. Produced in cooperation with the U.S.

Bureau of Labor Statistics.


Page 17 of 22

South Dakota CitiesLabor Force


Areas




Aberdeen 15,510 15,105 405 2.6% 15,395 14,870 525 3.4%

Brookings 13,440 13,060 380 2.8% 13,245 12,865 380 2.9%

Huron 7,160 6,965 195 2.7% 7,245 7,010 235 3.3%

Mitchell 9,150 8,935 215 2.4% 9,195 8,950 245 2.7%

Pierre 8,360 8,160 200 2.4% 8,155 7,920 235 2.9%

Rapid City 36,865 35,690 1,175 3.2% 37,285 35,965 1,320 3.5%

Sioux Falls 92,075 89,555 2,520 2.7% 91,920 89,060 2,860 3.1%

Sioux Falls -

Lincoln County13,055 12,755 300 2.3% 13,065 12,685 380 2.9%

Sioux Falls -

Minnehaha County79,020 76,800 2,220 2.8% 78,855 76,375 2,480 3.1%

Spearfish 5,335 5,150 185 3.5% 5,370 5,155 215 4.0%

Vermillion 5,720 5,525 195 3.4% 5,805 5,615 190 3.3%

Watertown 12,810 12,465 345 2.7% 12,800 12,430 370 2.9%

Yankton 7,635 7,405 230 3.0% 7,605 7,345 260 3.4%


Source: Labor Market Information Center, South Dakota Department of Labor and Regulation. Produced in cooperation with the U.S. Bureau of

Labor Statistics.


Page 18 of 22

South Dakota and AreasAnnualized Pay of Workers Covered by Unemployment Insurance

April 2013 to March 2014*

Statewide $37,631 Douglas County $30,139 McPherson County $26,164

Rapid City MSA $36,602 Edmunds County $34,460 Marshall County $33,234

Sioux Falls MSA $42,141 Fall River County $31,447 Meade County $34,146

Aurora County $28,439 Faulk County $30,611 Mellette County $22,468

Beadle County $34,719 Grant County $36,591 Miner County $30,462

Bennett County $27,359 Gregory County $27,185 Minnehaha County $42,508

Bon Homme County $29,298 Haakon County $31,603 Moody County $33,947

Brookings County $37,944 Hamlin County $31,344 Pennington County $36,896

Brown County $36,867 Hand County $30,168 Perkins County $27,782

Brule County $27,812 Hanson County $33,720 Potter County $29,863

Buffalo County $34,339 Harding County $40,212 Roberts County $29,702

Butte County $30,396 Hughes County $38,295 Sanborn County $29,044

Campbell County $29,505 Hutchinson County $29,973 Shannon County $36,131

Charles Mix County $29,555 Hyde County $36,200 Spink County $32,476

Clark County $29,185 Jackson County $25,530 Stanley County $31,640

Clay County $33,354 Jerauld County $31,820 Sully County $31,508

Codington County $35,232 Jones County $25,520 Todd County $32,641

Corson County $31,689 Kingsbury County $30,850 Tripp County $31,572

Custer County $30,693 Lake County $34,574 Turner County $29,835

Davison County $34,680 Lawrence County $30,977 Union County $46,361

Day County $27,670 Lincoln County $42,079 Walworth County $29,543

Deuel County $35,172 Lyman County $25,747 Yankton County $36,331

Dewey County $33,677 McCook County $29,906 Ziebach County $32,569

*This data is updated quarterly.

Source: Labor Market Information Center, South Dakota Department of Labor and Regulation. Produced in cooperation with the U.S.

Bureau of Labor Statistics.


Page 19 of 22

Activities of the Unemployment Insurance Division of theSouth Dakota Department of Labor and Regulation

ActivitiesSeptember

2014August

2014September

2013

Percent Change

LastMonth

LastYear

Initial Claims 814 744 859 9.4% -5.2%

Weeks Claimed 4,629 5,685 6,160 -18.6% -24.9%

Amount of Benefit Payments $1,071,122 $1,082,640 $1,194,772 -1.1% -10.3%

Unemployment Trust Fund Balance $81,354,140 $82,214,105 $64,027,342 -1.0% 27.1%

Source: Unemployment Insurance Division, South Dakota Department of Labor and Regulation.


Page 20 of 22

Activities of the Unemployment Insurance Division of theSouth Dakota Department of Labor and Regulation

Weeks ClaimedSeptember 2014

Aurora 5 Fall River 41 Marshall 4

Beadle 57 Faulk 0 Meade 168

Bennett 16 Grant 40 Mellette 28

Bon Homme 14 Gregory 4 Miner 5

Brookings 100 Haakon 0 Minnehaha 1,224

Brown 104 Hamlin 11 Moody 25

Brule 14 Hand 0 Pennington 597

Buffalo 58 Hanson 19 Perkins 7

Butte 55 Harding 1 Potter 17

Campbell 9 Hughes 69 Roberts 31

Charles Mix 58 Hutchinson 18 Sanborn 9

Clark 19 Hyde 0 Shannon 251

Clay 50 Jackson 12 Spink 26

Codington 161 Jerauld 5 Stanley 5

Corson 44 Jones 0 Sully 0

Custer 51 Kingsbury 19 Todd 207

Davison 70 Lake 62 Tripp 20

Day 22 Lawrence 115 Turner 47

Deuel 6 Lincoln 238 Union 93

Dewey 87 Lyman 16 Walworth 26

Douglas 12 McCook 8 Yankton 88

Edmunds 15 McPherson 13 Ziebach 22

Source: Unemployment Insurance Division, South Dakota Department of Labor and Regulation.


Page 21 of 22

National Economic Indicators

IndicatorsSeptember

2014August

2014September

2013

Percent Change

LastMonth

LastYear

Consumer Price Index 238.0 237.9 234.1 0.1% 1.7%

Nonfarm Payroll Employment 139.8 139.1 137.1 0.5% 2.0%

Privately Owned Housing Starts 1,017 957 863 6.3% 17.8%

Bank Prime Loan Rate 3.25 3.25 3.25 0.0% 0.0%

Sources:

Consumer Price Index and Nonfarm Payroll Employment (in thousands), U.S. Bureau of Labor Statistics.

Privately Owned Housing Starts, U.S. Census Bureau.

Bank Prime Loan Rate, Federal Reserve Board.


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