South Dakota e-Labor Bulletin February 2013

February 2013 Labor Market Information Center SD Department of Labor & Regulation

How is South Dakota faring in BEA Economic Indicators? (Employment, Personal Income and Gross Domestic Product)

From the January 2013 South Dakota e-Labor Bulletin

Employment Data from BEA

The U.S. Bureau of Economic Analysis (BEA) publishes employment data for state and local areas. The data includes an estimate of the total number of jobs, including both full- and part-time jobs and detailed by place of work. (Full- and part-time jobs are counted at equal weight.) Employees, sole proprietors and active partners are all included, but unpaid family workers and volunteers are not. Proprietors are those workers who own and operate their own businesses and are reported as either farm or nonfarm workers.

The number of workers covered by unemployment insurance is a key component of the employment data published by the BEA and in information compiled by the U.S. Bureau of Labor Statistics (BLS). For more information regarding covered workers, see the South Dakota Covered Workers & Annual Pay 2011 Annual Summary on our website at www.sdjobs.org/lmic/menu_covered_workers2011.aspx.

The chart on the following page shows annual employment change during the 2000-2011 period. Comparative data is included for the United States, South Dakota and the Plains Region (Iowa, Kansas, Missouri, Nebraska, North Dakota and South Dakota).

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Page 1 of 23 South Dakota e-Labor Bulletin February 2013

For the 2010-2011 period, which reflects economic recovery, South Dakota attained a total employment growth rate of 1.2 percent, compared to a growth rate of 1.1 percent for the Plains Region and 1.3 percent for the nation. The two employment sectors which comprise total employment include proprietor employment and wage and salary employment. There was employment growth across the country during the 2010-2011 period, with wage and salary employment levels increased in all three regions.

Growth by Employment Sectors Total Employment 2009-10 2010-11 South Dakota 0.5% 1.2% Plains Region -0.5% 1.1% United States -0.3% 1.3% Proprietor Employment 2009-10 2010-11 South Dakota 1.1% 1.0% Plains Region -0.5% 1.2% United States 0.3% 1.6% Wage and Salary Employment 2009-10 2010-11 South Dakota 0.3% 1.2% Plains Region -0.5% 1.1% United States -0.5% 1.2%

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In all three regions, proprietor employment reflected growth from 2010 to 2011. During the previous period from 2009 to 2010, the United States and South Dakota reflected growth, but the Plains Region showed a loss in the proprietor employment sector.

Personal Income Statistics from BEA

The BEA also releases personal income data, which is the income received by, or on behalf of, all the individuals who live in a specific geographic area. The total payroll of workers covered by unemployment insurance is a component of wage and salary disbursements included in this statistic.

The level of personal income continues to grow steadily in all three regions. In fact, South Dakota's growth in personal income from 2000 to 2011 surpassed the rate for both the Plains Region and the nation. South Dakota's personal income grew by 82.5 percent, compared to a rate of 53.2 percent for the Plains Region and 51.4 percent for the nation.

Dividing the personal income of an area by the residents of that given area produces a widely used economic indicator called per capita personal income. Since 2000, South Dakota's per capita personal income has increased by 67.4 percent, compared to 43.1 percent for the Plains Region and 37.1 percent for the nation. South Dakota's per capita personal income of $44,217 in 2011 ranks 12th of the 50 states. This means the average personal income for residents in South Dakota was higher than in 38 other states. In 2009, during the midst of the recession, South Dakota ranked 22nd.

South Dakota's per capita disposable personal income in 2011 was $41,133. This statistic measures total personal income minus personal current taxes, which includes taxes on income and on personal property.

Per capita disposable personal income is calculated as the disposable personal income of the residents of a given area divided by the resident population of the area. This measure represents the amount the average person has available for saving or for consumption. South Dakota's rank in per capita disposable income has climbed from 35th in 2000 to 10th in 2011. The rank of 10th indicates the average South Dakota resident had more money available for household spending than the residents in 40 other states. This higher rank correlates with the fact that South Dakota does not impose a state personal income tax.

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Gross Domestic Product

The BEA also releases estimates of gross domestic product (GDP). GDP by state is the value added in production by the labor and capital located in a state. GDP is derived as the sum of the gross state product originating in all industries in a state. In concept, an industry's GDP by state, referred to as its "value added," is equivalent to its gross output (sales or receipts and other operating income, commodity taxes and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). Thus, GDP by state is the state counterpart of the nation's gross domestic product (GDP), BEA's featured measure of U.S. output.

The graph below compares historical estimates of South Dakota GDP compared to estimates of real GDP as measured in chained (2005) dollars. Real GDP is an inflation-adjusted measure of each state's gross product that is based on national prices for the goods and services produced within the state.

Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. [1] The U.S. Department of Commerce introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2005 as the base year. The technique is so named because the second number in a pair of successive years becomes the first in the next pair. The result is a "chain" of weights and averages. [2] The advantage of using the chained-dollar measure is that it is more closely related to any given period covered and is therefore subject to less distortion over time.

[1] Mark McCracken, Definition of Chained Dollars TeachMeFinance.com. [2] U.S. Department of Energy, Chained Dollars, citing EIA, Annual Energy Review 1999.

Using preliminary data for 2011, the South Dakota GDP has increased 66.9 percent since 2000, increasing by $16.1 billion. The 2011 annual increase in South Dakota's GDP was 5.0 percent, ranking ninth among all states. The growth for the Plains Region was 4.3 percent, and national GDP increased by 3.9 percent for the

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2010-2011 period. A review of the graph indicates the lower rates of growth for current years are reflective of the economic recovery following the recession.

Looking at real GDP for the 2010-2011 period, the national growth rate was 1.5 percent. North Dakota had the highest rate at 7.6 percent, followed by Oregon at 4.7 percent and West Virginia at 4.5 percent. South Dakota's real GDP growth rate for the 2010-2011 was 0.8 percent. Only six states had declining rates during this time period compared to 27 states for the 2007-2008 period, reflecting recessionary impacts.

Since South Dakota exports a high level of goods and services, it was inevitable our state would be impacted by the national recession. As customers from other areas of the nation drastically decreased their demand for goods and services produced by South Dakota, employment needs to produce those goods and services began to drop.

However, as the economy slowly continues to recover and the recessionary impacts fade, South Dakota's real GDP can be expected to reflect steady growth. More trend information will be available when the preliminary 2012 state estimates of GDP are released on June 6, 2013.

Overview of the labor market in January

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 70,660 in January 2013. 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 January 2013

Page 5 of 23 South Dakota e-Labor Bulletin February 2013

Labor Force

This data is seasonally adjusted.

Preliminary estimates show the January 2013 South Dakota labor force increased over the month, with the level of employed increasing by 500 (0.1 percent). The level of unemployed was unchanged, as was the unemployment rate at 4.4 percent.

Nationally, the number of unemployed persons, at 12.3 million, was little changed in January. The unemployment rate was 7.9 percent and has been at or near that level since September 2012.

Over the year, South Dakota's January 2013 labor force of 446,800 increased compared to the January 2012 level of 446,200. The level of employed increased by 800 (0.2 percent); the level of unemployed decreased by 200 persons (1.0 percent). The unemployment rate remained at 4.4 percent.

South Dakota Unemployment Rates by County Not seasonally adjusted January 2013

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

Page 6 of 23 South Dakota e-Labor Bulletin February 2013 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, preliminary estimates show the total nonfarm wage and salaried worker level is 404,500 for January, dropping by 9,300 (2.2 percent) compared to the revised December estimate of 413,800.

Worker decreases are typical for this time frame. The large seasonal decrease was led by the mining, logging and construction industry sector with a loss of 1,900 (10.2 percent). Other sectors with losses include leisure and hospitality (1,500 workers or 3.5 percent), retail trade (1,200 workers or 2.3 percent), and professional and business services (1,100 workers or 3.9 percent).

Over-the-year comparisons

The total nonfarm wage and salaried worker level increased by 4,700 (1.2 percent) when comparing the January 2012 level of 399,800 to the January 2013 level of 404,500. Industries adding the most workers included: educational and health services, leisure and hospitality and manufacturing.

The largest number of jobs was added within the educational and health services industry sector, adding 2,500 workers (3.8 percent). Growth in this sector is largely driven by the continued demand for healthcare services. The leisure and hospitality sector added 1,500 workers (3.8 percent), for a total of 41,300 in January 2013, up from the January 2012 level of 39,800.

The manufacturing sector added 1,100 workers (2.8 percent), continuing a steady over-the-year growth trend which started in December 2010.

Page 7 of 23 South Dakota e-Labor Bulletin February 2013 South Dakota Nonfarm Worker Levels Not Seasonally Adjusted

% Chg % Chg

January December January Last Last Industries 2013 2012 2012 Month Year TOTAL 404,500 413,800 399,800 -2.2 1.2 Total Private 327,200 335,000 323,000 -2.3 1.3 Goods Producing 57,700 60,100 58,400 -4.0 -1.2 Service Providing 346,800 353,700 341,400 -2.0 1.6 Private Service Providing 269,500 274,900 264,600 -2.0 1.9 Mining/Logging/Construction 16,700 18,600 18,500 -10.2 -9.7 Manufacturing 41,000 41,500 39,900 -1.2 2.8 Trade/Transportation/Utilities 82,300 83,900 81,200 -1.9 1.4 Wholesale Trade 19,200 19,200 19,200 0.0 0.0 Retail Trade 50,800 52,000 49,800 -2.3 2.0 12,300 12,700 12,200 -3.1 0.8 Transportation/Warehousing/Utilities Information 6,100 6,000 6,200 1.7 -1.6 Financial Activities 28,800 29,300 27,900 -1.7 3.2 Professional Business Services 27,400 28,500 28,300 -3.9 -3.2 Education/Health Service 68,100 68,800 65,600 -1.0 3.8 Educational Services 7,100 7,700 7,200 -7.8 -1.4 Health Care/Social Assistance 61,000 61,100 58,400 -0.2 4.5 Leisure/Hospitality 41,300 42,800 39,800 -3.5 3.8 Other Services 15,500 15,600 15,600 -0.6 -0.6 Government 77,300 78,800 76,800 -1.9 0.7 Federal 11,200 11,500 11,200 -2.6 0.0 State 18,200 18,600 18,100 -2.2 0.6 State Education 9,200 9,700 9,000 -5.2 2.2 Local 47,900 48,700 47,500 -1.6 0.8 Local Education 25,900 26,300 26,000 -1.5 -0.4

2013 data is preliminary and subject to revision. Data may not sum to totals because of rounding. Produced in cooperation with the US Bureau of Labor Statistics.

Page 8 of 23 South Dakota e-Labor Bulletin February 2013 Rapid City Metropolitan Statistical Area Nonfarm Worker Levels Not Seasonally Adjusted

% Chg % Chg

January December January Last Last Industries 2013 2012 2012 Month Year Rapid City MSA Total 59,300 60,900 59,600 -2.6 -0.5 Total Private 48,700 50,100 48,900 -2.8 -0.4 Goods Producing 6,200 6,600 6,700 -6.1 -7.5 Service Providing 53,100 54,300 52,900 -2.2 0.4 Private Service Providing 42,500 43,500 42,200 -2.3 0.7 Mining/Logging/Construction 3,600 3,900 4,200 -7.7 -14.3 Manufacturing 2,600 2,700 2,500 -3.7 4.0 Trade/Transportation/Utilities 12,000 12,100 12,300 -0.8 -2.4 -Wholesale Trade 1,900 1,900 2,100 0.0 -9.5 -Retail Trade 8,600 8,700 8,700 -1.1 -1.1 - 1,500 1,500 1,500 0.0 0.0 Transportation/Warehousing/Utilities Information 900 900 900 0.0 0.0 Financial Activities 3,700 3,800 3,700 -2.6 0.0 Professional/Business Services 4,900 4,900 4,900 0.0 0.0 Educational/Health Services 10,500 10,600 10,200 -0.9 2.9 Leisure/Hospitality 7,600 8,300 7,400 -8.4 2.7 Other Services 2,900 2,900 2,800 0.0 3.6 Government 10,600 10,800 10,700 -1.9 -0.9

2013 data is preliminary and subject to revision. Data may not sum to totals because of rounding. Seasonally adjusted nonfarm data has been revised for years 2008-2012. Produced in cooperation with the US Bureau of Labor Statistics.

Page 9 of 23 South Dakota e-Labor Bulletin February 2013 Sioux Falls Metropolitan Statistical Area Nonfarm Worker Levels Not Seasonally Adjusted

% Chg % Chg

January December January Last Last Industries 2013 2012 2012 Month Year Sioux Falls MSA Total 139,100 141,700 134,900 -1.8 3.1 Total Private 125,600 128,100 122,000 -2.0 3.0 Goods Producing 18,900 19,600 18,400 -3.6 2.7 Service Providing 120,200 122,100 116,500 -1.6 3.2 Private Service Providing 106,700 108,500 103,600 -1.7 3.0 Mining/Logging/Construction 5,700 6,400 5,700 -10.9 0.0 Manufacturing 13,200 13,200 12,700 0.0 3.9 Trade/Transportation/Utilities 29,700 30,100 29,100 -1.3 2.1 -Wholesale Trade 7,300 7,300 7,100 0.0 2.8 -Retail Trade 17,500 17,800 17,100 -1.7 2.3 - 4,900 5,000 4,900 -2.0 0.0 Transportation/Warehousing/Utilities Information 2,700 2,600 2,700 3.8 0.0 Financial Activities 16,200 16,200 15,300 0.0 5.9 Professional/Business Services 12,200 13,100 12,100 -6.9 0.8 Educational/Health Services 29,100 29,300 27,300 -0.7 6.6 Leisure/Hospitality 12,200 12,500 12,500 -2.4 -2.4 Other Services 4,600 4,700 4,600 -2.1 0.0 Government 13,500 13,600 12,900 -0.7 4.7

2013 data is preliminary and subject to revision. Data may not sum to totals because of rounding. Not seasonally adjusted nonfarm data has been revised for years 2011 and 2012. Produced in cooperation with the US Bureau of Labor Statistics.

Page 10 of 23 South Dakota e-Labor Bulletin February 2013 South Dakota Statistical Areas Nonfarm Worker Levels Not Seasonally Adjusted

Areas January 2013 January 2012 Aberdeen MiSA 22,430 22,330 Brookings MiSA 18,125 18,055 Huron MiSA 8,765 8,655 Mitchell MiSA 13,110 13,095 Pierre MiSA 12,185 12,060 Spearfish MiSA 11,285 11,180 Vermillion MiSA 7,390 7,315 Watertown MiSA 17,640 17,545 Yankton MiSA 12,740 12,575 Rapid City MSA 59,300 59,600 Sioux Falls MSA 139,100 134,900 Dewey-Ziebach LMA 2,585 2,540 Aurora County 920 880 Bennett County 935 945 Bon Homme County 1,775 1,775 Brule County 2,240 2,250 Buffalo County 545 515 Butte County 2,755 2,760 Campbell County 420 430 Charles Mix County 3,425 3,455 Clark County 935 935 Corson County 910 915 Custer County 2,100 2,110 Day County 1,865 1,885 Deuel County 1,490 1,475 Douglas County 1,175 1,135 Fall River County 2,530 2,570 Faulk County 580 585 Grant County 3,545 3,560 Gregory County 1,450 1,450 Haakon County 745 750 Hand County 1,190 1,185 Harding County 440 445 Hutchinson County 2,685 2,745 Hyde County 530 545 Jackson County 625 630 Jerauld County 1,630 1,545 Jones County 415 405 Kingsbury County 1,905 1,875 Lake County 4,800 4,735 Lyman County 1,435 1,455 McPherson County 590 620 Marshall County 1,415 1,390 Mellette County 345 360 Miner County 760 770 Moody County 1,965 2,015 Perkins County 1,020 1,040 Potter County 810 785 Roberts County 3,435 3,500

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Sanborn County 635 640 Shannon County 4,145 3,930 Spink County 2,280 2,300 Sully County 425 440 Todd County 2,900 2,990 Tripp County 2,075 2,095 Union County 8,775 8,935 Walworth County 2,255 2,200

2013 data is preliminary and subject to revision. Data may not sum to totals because of rounding. Not seasonally adjusted nonfarm data has been revised for years 2011 and 2012. Seasonally adjusted nonfarm data has been revised for years 2008-2012.

Page 12 of 23 South Dakota e-Labor Bulletin February 2013 South Dakota Labor Supply

January 2013

South Dakota 70,660 Hanson County 280 Rapid City MSA 10,805 Harding County 110 Sioux Falls MSA 20,565 Hughes County 1,550 Aurora County 175 Hutchinson County 390 Beadle County 1,385 Hyde County 125 Bennett County 275 Jackson County 280 Bon Homme County 350 Jerauld County 245 Brookings County 2,615 Jones County 105 Brown County 2,935 Kingsbury County 380 Brule County 425 Lake County 880 Buffalo County 345 Lawrence County 2,180 Butte County 710 Lyman County 320 Campbell County 130 McPherson County 160 Charles Mix County 565 Marshall County 375 Clark County 300 Mellette County 210 Clay County 1,395 Miner County 165 Codington County 2,305 Moody County 455 Corson County 340 Perkins County 210 Custer County 530 Potter County 190 Davison County 1,710 Roberts County 865 Day County 480 Sanborn County 140 Deuel County 385 Shannon County 1,990 Dewey County 850 Spink County 475 Douglas County 220 Stanley County 380 Edmunds County 335 Sully County 100 Fall River County 640 Todd County 950 Faulk County 130 Tripp County 400 Grant County 695 Union County 1,490 Gregory County 285 Walworth County 530 Haakon County 135 Yankton County 1,785 Hamlin County 570 Ziebach County 165 Hand County 195

Source: Labor Supply data is produce by the Labor Market Information Center of the South Dakota Department of Labor and Regulation

Page 13 of 23 South Dakota e-Labor Bulletin February 2013 United States & South Dakota Seasonally Adjusted Labor Force

January January 2013* 2012 Areas Labor Force Employment Unemployment Rate Labor Force Employment Unemployment Rate United States 155,654,000 143,322,000 12,332,000 7.9% 154,356,000 141,608,000 12,748,000 8.3% South Dakota 446,800 427,300 19,500 4.4% 446,200 426,500 19,700 4.4%

Produced in cooperation with the US Bureau of Labor Statistics.

Page 14 of 23 South Dakota e-Labor Bulletin February 2013 South Dakota & Counties Not Seasonally Adjusted Labor Force

January January 2013 2012 Areas Labor Force Employment Unemployment Rate Labor Force Employment Unemployment Rate SOUTH DAKOTA 436,780 414,965 21,815 5.0 435,700 414,271 21,429 4.9 Aurora County 1,610 1,555 55 3.5 1,520 1,475 45 2.9 Beadle County 9,890 9,420 470 4.7 9,800 9,435 365 3.7 Bennett County 1,450 1,355 95 6.5 1,375 1,295 80 5.7 Bon Homme County 2,890 2,755 135 4.7 2,885 2,745 140 4.9 Brookings County 18,395 17,670 725 3.9 18,805 18,075 730 3.9 Brown County 20,860 20,005 855 4.1 20,860 20,065 795 3.8 Brule County 2,730 2,620 110 4.0 2,820 2,715 105 3.7 Buffalo County 545 465 80 14.5 520 450 70 13.5 Butte County 5,120 4,860 260 5.1 5,220 4,980 240 4.6 Campbell County 815 775 40 5.0 815 780 35 4.1 Charles Mix County 3,985 3,780 205 5.1 4,110 3,915 195 4.7 Clark County 1,895 1,765 130 6.9 1,820 1,725 95 5.3 Clay County 7,690 7,365 325 4.2 7,705 7,440 265 3.4 Codington County 16,050 15,255 795 5.0 15,930 15,215 715 4.5 Corson County 1,380 1,280 100 7.3 1,415 1,305 110 7.6 Custer County 4,035 3,770 265 6.6 4,140 3,900 240 5.8 Davison County 11,290 10,820 470 4.2 11,160 10,765 395 3.5 Day County 2,750 2,515 235 8.5 2,785 2,550 235 8.5 Deuel County 2,575 2,380 195 7.6 2,630 2,425 205 7.8 Dewey County 2,645 2,270 375 14.2 2,645 2,330 315 12.0 Douglas County 1,785 1,700 85 4.7 1,790 1,720 70 3.9 Edmunds County 1,950 1,870 80 4.2 1,960 1,895 65 3.4 Fall River County 3,480 3,275 205 5.9 3,670 3,450 220 6.0 Faulk County 1,125 1,080 45 3.8 1,120 1,075 45 4.0 Grant County 4,035 3,725 310 7.7 4,120 3,855 265 6.5 Gregory County 2,285 2,170 115 4.9 2,280 2,170 110 4.9 Haakon County 1,140 1,095 45 3.8 1,125 1,090 35 3.3 Hamlin County 2,935 2,785 150 5.1 2,910 2,765 145 5.0 Hand County 1,845 1,780 65 3.5 1,755 1,700 55 3.1 Hanson County 1,795 1,700 95 5.4 1,790 1,685 105 5.9 Harding County 805 780 25 3.3 800 770 30 3.6 Hughes County 10,080 9,705 375 3.7 10,175 9,840 335 3.3 Hutchinson County 3,760 3,595 165 4.3 3,800 3,650 150 3.9 Hyde County 730 700 30 4.0 735 705 30 4.3 Jackson County 1,085 985 100 9.1 1,095 990 105 9.4 Jerauld County 1,545 1,495 50 3.2 1,470 1,435 35 2.5 Jones County 620 595 25 4.3 660 640 20 2.9 Kingsbury County 3,060 2,930 130 4.2 2,865 2,735 130 4.5 Lake County 6,470 6,165 305 4.7 6,425 6,135 290 4.5 Lawrence County 12,420 11,785 635 5.1 13,105 12,465 640 4.9 Lincoln County 26,250 25,270 980 3.7 25,375 24,450 925 3.6 Lyman County 1,885 1,775 110 5.9 1,900 1,790 110 5.8 McCook County 2,720 2,580 140 5.2 2,770 2,635 135 4.9 McPherson County 1,075 1,015 60 5.4 1,085 1,025 60 5.4 Marshall County 2,120 1,955 165 7.7 2,085 1,920 165 7.9 Meade County 12,015 11,370 645 5.4 12,425 11,795 630 5.1

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Mellette County 860 785 75 8.5 830 790 40 4.9 Miner County 1,145 1,085 60 5.3 1,110 1,060 50 4.4 Minnehaha County 98,025 93,480 4,545 4.6 97,740 93,155 4,585 4.7 Moody County 3,665 3,450 215 5.8 3,850 3,615 235 6.1 Pennington County 52,490 49,775 2,715 5.2 53,400 50,930 2,470 4.6 Perkins County 1,495 1,415 80 5.5 1,505 1,440 65 4.4 Potter County 1,210 1,150 60 4.9 1,205 1,150 55 4.5 Roberts County 4,710 4,350 360 7.7 4,690 4,340 350 7.5 Sanborn County 1,325 1,275 50 3.8 1,330 1,280 50 3.9 Shannon County 3,995 3,475 520 13.0 3,795 3,290 505 13.3 Spink County 3,275 3,105 170 5.2 3,420 3,255 165 4.9 Stanley County 1,980 1,925 55 2.7 2,020 1,955 65 3.3 Sully County 910 885 25 3.0 890 865 25 3.0 Todd County 3,365 3,040 325 9.7 3,670 3,415 255 7.0 Tripp County 2,855 2,715 140 5.0 2,850 2,735 115 4.0 Turner County 4,280 4,090 190 4.4 4,320 4,135 185 4.3 Union County 8,295 7,885 410 4.9 8,345 7,920 425 5.1 Walworth County 2,645 2,445 200 7.6 2,670 2,480 190 7.0 Yankton County 11,625 11,105 520 4.5 11,540 11,075 465 4.0 Ziebach County 1,020 970 50 4.9 1,065 1,000 65 6.1

The South Dakota labor force statistics are produced by the LMIC in cooperation with the U.S. Bureau of Labor Statistics.

Page 16 of 23 South Dakota e-Labor Bulletin February 2013 South Dakota Areas Not Seasonally Adjusted Labor Force

January January 2013* 2012 Areas Labor Force Employment Unemployment Rate Labor Force Employment Unemployment Rate Rapid City MSA 64,505 61,145 3,360 5.2 65,825 62,725 3,100 4.7 Sioux Falls MSA 131,270 125,415 5,855 4.5 130,205 124,370 5,835 4.5 Aberdeen MiSA 22,805 21,870 935 4.1 22,820 21,960 860 3.8 Brookings MiSA 18,395 17,670 725 3.9 18,805 18,075 730 3.9 Huron MiSA 9,890 9,420 470 4.7 9,800 9,435 365 3.7 Mitchell MiSA 13,085 12,520 565 4.3 12,950 12,450 500 3.9 Pierre MiSA 12,055 11,630 425 3.5 12,200 11,800 400 3.3 Spearfish MiSA 12,420 11,785 635 5.1 13,105 12,465 640 4.9 Vermillion MiSA 7,690 7,365 325 4.2 7,705 7,440 265 3.4 Watertown MiSA 18,985 18,040 945 5.0 18,840 17,980 860 4.6 Yankton MiSA 11,625 11,105 520 4.5 11,540 11,075 465 4.0 Dewey-Ziebach LMA 3,670 3,245 425 11.6 3,710 3,330 380 10.3

The South Dakota labor force statistics are produced by the LMIC in cooperation with the U.S. Bureau of Labor Statistics. Statewide and Substate labor force data for 2007- 2011 has been revised.

Page 17 of 23 South Dakota e-Labor Bulletin February 2013 South Dakota Cities Not Seasonally Adjusted Labor Force

January 2013* Areas Labor Force Employment Unemployment Rate Aberdeen City 15,025 14,375 650 4.3% Brookings City 12,850 12,355 495 3.8% Huron City 7,200 6,835 365 5.1% Mitchell City 8,810 8,420 390 4.4% Pierre City 8,225 7,910 315 3.8% Rapid City City 35,170 33,180 1,990 5.7% Sioux Falls City 89,750 85,605 4,145 4.6% Sioux Falls City - Lincoln 12,495 12,105 390 3.1% Sioux Falls City - Minnehaha 77,260 73,505 3,755 4.9% Spearfish City 5,040 4,750 290 5.7% Vermillion City 6,030 5,770 260 4.3% Watertown City 12,680 12,005 675 5.3% Yankton City 7,525 7,155 370 4.9%

*Data is preliminary and subject to revision. Data may not sum to totals because of rounding. Produced in cooperation with the US Bureau of Labor Statistics.

Page 18 of 23 South Dakota e-Labor Bulletin February 2013 South Dakota Annualized Pay of Covered Workers

July 2011 to June 2012*

Statewide $36,230 Hutchinson County $28,375 Rapid City MSA $35,224 Hyde County $33,771 Sioux Falls MSA $40,489 Jackson County $26,595 Aurora County $27,888 Jerauld County $30,127 Beadle County $34,062 Jones County $23,199 Bennett County $26,915 Kingsbury County $29,600 Bon Homme County $27,882 Lake County $33,093 Brookings County $37,108 Lawrence County $30,291 Brown County $35,955 Lincoln County $39,558 Brule County $26,362 Lyman County $25,874 Buffalo County $34,567 McCook County $28,898 Butte County $29,056 McPherson County $24,523 Campbell County $27,736 Marshall County $32,219 Charles Mix County $28,312 Meade County $34,513 Clark County $27,433 Mellette County $23,262 Clay County $32,022 Miner County $28,842 Codington County $35,179 Minnehaha County $40,968 Corson County $31,301 Moody County $33,148 Custer County $30,297 Pennington County $35,315 Davison County $33,233 Perkins County $26,754 Day County $27,159 Potter County $29,040 Deuel County $34,480 Roberts County $28,775 Dewey County $32,351 Sanborn County $27,195 Douglas County $29,176 Shannon County $35,997 Edmunds County $31,319 Spink County $31,018 Fall River County $33,305 Stanley County $29,431 Faulk County $29,519 Sully County $29,255 Grant County $33,470 Todd County $32,030 Gregory County $25,679 Tripp County $28,855 Haakon County $31,407 Turner County $28,719 Hamlin County $29,284 Union County $46,164 Hand County $27,875 Walworth County $27,712 Hanson County $30,861 Yankton County $35,050 Harding County $33,783 Ziebach County $34,161 Hughes County $36,595

*This data is updated quarterly.

Source: Produced by the SD Department of Labor and Regulation, LMIC,in cooperation with the U.S. Bureau of Labor Statistics

Page 19 of 23 South Dakota e-Labor Bulletin February 2013

South Dakota Local Office Activities

January 2012 - January 2011 - % Chg December 2012 December 2011 Last Year Activities Job Seekers 90,425 93,231 -3.0% Entered Employments 30,473 30,795 -1.0% Job Openings Received 82,707 75,779 9.1%

Source: Produced by Workforce Services and the South Dakota Department of Labor and Regulation

Page 20 of 23 South Dakota e-Labor Bulletin February 2013

South Dakota Department of Labor And Regulation Unemployment Insurance Activities

January December January % Chg % Chg 2013 2012 2012 Last Month Last Year Unemployment Insurance Activities Initial Claims 2,582 2,805 2,543 -8.0% 1.5% Weeks Claimed 19,362 15,552 23,646 24.5% -18.1% Amount of Benefit Payments $4,291,051 $3,048,384 $5,094,405 40.8% -15.8% Unemployment Trust Fund Balance $48,775,656 $51,301,613 $33,433,446 -4.9% 45.9%

Source: Produced by the South Dakota Department of Labor and Regulation, Unemployment Insurance Division

Page 21 of 23 South Dakota e-Labor Bulletin February 2013 Unemployment Insurance Weeks Claimed South Dakota Residents By County

January 2013

Aurora 38 Fall River 164 Marshall 148 Beadle 586 Faulk 32 Meade 614 Bennett 65 Grant 293 Mellette 44 Bon Homme 58 Gregory 90 Miner 45 Brookings 497 Haakon 22 Minnehaha 4416 Brown 712 Hamlin 169 Moody 132 Brule 73 Hand 18 Pennington 2748 Buffalo 62 Hanson 109 Perkins 57 Butte 197 Harding 4 Potter 32 Campbell 20 Hughes 271 Roberts 324 Charles Mix 128 Hutchinson 99 Sanborn 21 Clark 152 Hyde 18 Shannon 279 Clay 223 Jackson 76 Spink 134 Codington 915 Jerauld 37 Stanley 28 Corson 39 Jones 12 Sully 17 Custer 231 Kingsbury 92 Todd 258 Davison 440 Lake 278 Tripp 82 Day 211 Lawrence 527 Turner 153 Deuel 162 Lincoln 702 Union 239 Dewey 167 Lyman 63 Walworth 179 Douglas 62 McCook 117 Yankton 413 Edmunds 58 McPherson 43 Ziebach 20

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

Page 22 of 23 South Dakota e-Labor Bulletin February 2013

National Economic Indicators

January December January % Chg % Chg 2013 2012 2012 Last Month Last Year

Consumer Price Index 230.3 229.6 226.7 0.3% 1.6% Nonfarm Payroll Employment 132.7 135.5 130.7 -2.1% 1.5% Privately Owned Housing Starts 724 683 542 6.0% 33.6% Bank Prime Loan Rate 3.25 3.25 3.25 0.0% 0.0%

Source: Consumer Price Index data produced by the U.S. Bureau of Labor Statistics Nonfarm Payroll Employment data produced by the U.S. Bureau of Labor Statistics Privately Owned Housing Starts data produced by the U.S. Census Bureau Bank Prime Loan Rate data produced by the Federal Reserve Bank

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