August 2010 Labor Market Information Center South Dakota Department of Labor Job Perks: The Benefits of Employee Benefits From the August 2010 South Dakota e-labor Bulletin Having a job is one thing. But having a job offering employee benefits is another. Employers are not required to offer perks such as medical insurance, paid time off, or retirement plans, but many of them do. In a competitive market, an impressive benefits package is often the bait that attracts and maintains the best employees. Two of the "main attractions" tending to draw employees are medical insurance and a retirement plan. With the growing expense of each, their attraction may carry nearly the weight as the salary itself. Alternatively, certain other benefits may be more valuable to other employees depending on their particular situation. For example, a frequent traveler may find the most benefit in a nice paid leave package. A busy mom may be attracted most to flexible scheduling. The Labor Market Information Center of the South Dakota Department of Labor recently completed a study of employee benefits in South Dakota. After surveying about 1,700 employers, we have gained some valuable insight into the benefits offered by employers in our state. Below are a few highlights of the survey. Insurance Highlights More than half of the employers in South Dakota offer medical insurance. Of those offering medical insurance, nearly six out of 10 of them split the cost for single coverage with the employee; four in 10 pay the entire premium. After medical insurance, the most frequently offered insurances are life, dental, short-term disability and long-term disability, in that order. Seven out of 10 employers offering life insurance pay the entire cost of the premiums. Retirement Highlights Just less than half of South Dakota's employers offer a retirement plan. Of those, most either partially or fully fund the retirement plan that they offer. The most popular type of retirement plan offered is the Defined Contribution Plan, such as the 401K. Page 1 of 21
Paid Leave Highlights Paid vacation leave is the most frequently offered benefit in the state; 75 percent of employers offer it. On average, employers offer eight paid vacation days after one year of employment, 11 days after two years, and 13 days after five years. After paid vacation leave, the most frequently offered paid days off are for holidays, then sick leave. One-tenth of employers offer a consolidated leave plan, which combines all types of paid leave into one lump sum. General Highlights In general, the larger the employer the more likely a benefit will be offered. The offering of benefits varies greatly by industry as well. Full-time employees are much more likely to be offered benefits than part-time employees. Just because employers offer a benefit does not always mean their employees will choose to participate in it. Of course employee benefits typically come with a price tag, which employers need to consider when designing a benefits package. And sometimes all or some of a benefit's costs are passed on to the employees. For example, employers may choose to split the cost of health insurance premiums with their employees. Or some may offer family medical coverage, but do not contribute to the premiums for it. Other employers may offer and entirely fund a retirement plan. Striking a balance can be a challenge for many employers, but the perks that come with a job are a big factor to workers. In fact, the benefit package being offered is often the "deal maker or breaker" for an applicant deciding whether or not to accept a job offer. Likewise, a good benefits package often plays a big role in retaining a current employee who may otherwise consider seeking out other job opportunities. For more detailed information on employee benefits in South Dakota, please visit our website at www.sdjobs.org/lmic; simply click on the "Employee Benefits" option. Overview of the labor market in July 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 83,350 in July 2010. 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. Labor Force This data is seasonally adjusted. South Dakota's preliminary seasonally adjusted unemployment rate was 4.4 percent in July, holding steady from the revised June rate. Nationally, the unemployment rate also remained stable in July 2010 at 9.5 percent. Although the unemployment rate remained stable at both state and national levels, the levels of employed and unemployed both declined over-the-month, bringing a corresponding drop in the size of the labor force. This is commonly referred to as labor force shrinkage, a common occurrence during recessionary times. While a quite widely watched indidcator of the current economy, over-the-month changes in labor force data can be variable and are subject to revision. Analysis of changes over longer time periods provides a more stable portrayal of labor force dynamics. South Dakota's unemployment rate of 4.4 percent was down from 4.9 percent in July 2009. However, two years prior when the state was enjoying a healthier economy, the unemployment rate was just 3.1 percent. Page 2 of 21
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. 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 level of nonfarm wage and salaried workers decreased by 3,100 (or 0.7 percent) from June 2010 to July 2010. The seasonal loss was quite mild compared to previous years and indicates a still recovering South Dakota economy, even with continuing census worker losses. Private and public education services produced a combined seasonal loss of 6,000 workers as a result of work study students and school staff moving off of educational institution payrolls for the summer. Mining, logging and construction showed an 800 worker (or 3.5 percent) seasonal gain, which is well within average historical patterns derived from previous June to July employment level changes. Leisure and hospitality showed a seasonal worker gain of 600 workers (or 1.3 percent), as those businesses catering to travelers welcomed a new tourist season. Over-the-year comparisons Based on a monthly survey of South Dakota establishments, preliminary estimates show total nonfarm wage and salaried workers increased by 1,500 (or 0.4 percent) from July 2009 to July 2010. The industries with the larger over-the-year gains include professional and business services (1,700 jobs or 6.3 percent), manufacturing (1,200 workers or 3.3 percent) and wholesale trade (800 workers or 4.3 percent). Total government gained 600 workers (or 0.8 percent), even though state government showed a 600 worker (or 3.5 percent) loss. Industries with the larger over-the-year losses include mining, logging and construction (1,800 workers or 7.1 percent) and financial activities (1,700 workers or 5.6 percent). Page 3 of 21
Labor Day 2010 Who are we celebrating? Why do we celebrate? The first observance of Labor Day is believed to have been a parade of 10,000 workers on September 5, 1882, in New York City, organized by Peter J. McGuire, a Carpenters and Joiners Union secretary. By 1893, more than half the states were observing a "Labor Day" on one day or another, and Congress passed a bill to establish a federal holiday in 1894. President Grover Cleveland signed the bill soon afterward, designating the first Monday in September as Labor Day. There are currently about 443,000 South Dakotans in the labor force, meaning they are either employed or actively looking for work. Nationally, there are 1.53 million in the labor force. That's a lot to celebrate! About 72.5 percent of South Dakotans participate in the labor force. That is significantly higher than the nation, where just 59.3 percent of the population participates in the labor force. In South Dakota, the labor force participation rate is 76.7 percent for men and 68.3 percent for women. The Midwest states, along with Alaska, Connecticut, Vermont, Virginia and both Washington state and Washington D.C. had the highest labor force participation rates in 2009. In fact, South Dakota topped the list, with North Dakota having the next highest labor force participation rate at 72.4 percent. (Source: Geographic Profile of Employment and Unemployment, 2009, U.S. Bureau of Labor Statistics.) Now that is really something to celebrate! What do we do on the job? South Dakotans are employed in a full range of occupations, from nurses and truck drivers to financial planners and general managers. Here are some of South Dakota's largest occupations, based on estimated employment levels in May 2009. Occupational Title Employment Retail Salespersons 14,550 Cashiers 11,670 Registered Nurses 10,530 Customer Service Representatives 9,270 Bookkeeping Accounting and Auditing Clerks 8,470 Janitors and Cleaners, except Maids and Housekeeping Cleaners 8,340 Waiters and Waitresses 7,660 Combined Food Preparation and Serving Workers, including Fast Food 7,230 Laborers and Freight Stock and Material Movers Hand 7,160 Truck Drivers Heavy and Tractor-Trailer 7,130 Nursing Aides Orderlies and Attendants 5,920 Secretaries, except Legal Medical and Executive 5,330 Stock Clerks and Order Fillers 5,250 Receptionists and Information Clerks 4,760 Bill and Account Collectors 4,630 (table continued on next page) Page 4 of 21
Occupational Title Employment Sales Representatives Wholesale and Manufacturing, except Technical and Scientific Products 4,430 Teacher Assistants 4,340 Food Preparation Workers 4,280 Carpenters 4,120 Elementary School Teachers, except Special Education 4,010 Accountants and Auditors 3,970 On the Road Again South Dakotans, on average, spend about 16.2 minutes traveling to work. Nationally, the mean travel time to work is 25.3 minutes. (Mean travel time to work, in minutes, American Fact Finder, U.S. Census Bureau.) Bringing Home the Bacon Average annual pay of South Dakotans in 2009 was $33,347. (Source: Quarterly Census of Employment and Wages, Labor Market Information Center, SD Department of Labor.) Let Us Help! These are just a few examples of the types of information available from the Labor Market Information Center. Did something pique your interest? Give us a call at 605.626.2314 any time we can help by providing information, or just satisfy your curiosity! Page 5 of 21
South Dakota Nonfarm Worker Levels Last Month Last Year Industries July 2010 June 2010 July 2009 TOTAL 410,300 413,400 408,800-0.7 0.4 Total Private 334,900 333,400 334,000 0.4 0.3 Goods Producing 61,600 60,600 62,200 1.7-1.0 Service Providing 348,700 352,800 346,600-1.2 0.6 Private Service Providing 273,300 272,800 271,800 0.2 0.6 Mining/Logging/Const 23,500 22,700 25,300 3.5-7.1 Manufacturing 38,100 37,900 36,900 0.5 3.3 Trade Trans/Util 82,400 82,300 81,500 0.1 1.1 Wholesale Trade 19,300 19,300 18,500 0.0 4.3 Retail Trade 50,100 50,100 50,300 0.0-0.4 Trans/Warehsing/Util 13,000 12,900 12,700 0.8 2.4 Information 6,800 6,800 6,700 0.0 1.5 Financial Activities 28,900 28,800 30,600 0.3-5.6 Prof Bus Services 28,700 28,700 27,000 0.0 6.3 Education/Health Svc 63,000 63,500 62,700-0.8 0.5 Educational Services 5,800 6,700 6,200-13.4-6.5 Hlth Care/Soc Assist 57,200 56,800 56,500 0.7 1.2 Leisure/Hospitality 47,100 46,500 47,400 1.3-0.6 Other Services 16,400 16,200 15,900 1.2 3.1 Government 75,400 80,000 74,800-5.8 0.8 Federal 12,400 12,700 11,700-2.4 6.0 State 16,700 16,700 17,300 0.0-3.5 State Education 7,100 7,100 7,100 0.0 0.0 Local 46,300 50,600 45,800-8.5 1.1 Local Education 20,300 25,400 20,300-20.1 0.0 2010 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 6 of 21
Rapid City Metropolitan Statistical Area Nonfarm Worker Levels Industries July 2010 June 2010 July 2009 Last Month Last Year Rapid City MSA Total 63,200 63,200 62,800 0.0 0.6 Total Private 53,400 52,100 53,200 2.5 0.4 Goods Producing 7,200 7,100 7,700 1.4-6.5 Service-Providing 56,000 56,100 55,100-0.2 1.6 Private Service Providing 46,200 45,000 45,500 2.7 1.5 Natural Resources/Mining/Construction 4,700 4,600 5,000 2.2-6.0 Manufacturing 2,500 2,500 2,700 0.0-7.4 Trade/Transportation/Utilities 13,500 13,300 13,300 1.5 1.5 -Wholesale Trade 2,200 2,200 2,100 0.0 4.8 -Retail Trade 9,200 9,100 9,200 1.1 0.0 -Transportation/Warehousing/Utilities 2,100 2,000 2,000 5.0 5.0 Information 1,100 1,000 1,000 10.0 10.0 Financial Activities 3,600 3,600 3,800 0.0-5.3 Professional/Business Services 5,100 4,900 4,800 4.1 6.3 Educational/Health Services 9,600 9,600 9,400 0.0 2.1 Leisure/Hospitality 10,500 9,800 10,400 7.1 1.0 Other Services 2,800 2,800 2,800 0.0 0.0 Government 9,800 11,100 9,600-11.7 2.1 2010 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 1990-2009. Produced in cooperation with the US Bureau of Labor Statistics. Page 7 of 21
Sioux Falls Metropolitan Statistical Area Nonfarm Worker Levels Industries July 2010 June 2010 July 2009 Last Month Last Year Sioux Falls MSA Total 133,900 135,600 133,400-1.3 0.4 Total Private 122,100 121,900 122,000 0.2 0.1 Goods Producing 19,800 19,300 20,300 2.6-2.5 Service-Providing 114,100 116,300 113,100-1.9 0.9 Private Service Providing 102,300 102,600 101,700-0.3 0.6 Natural Resources/Mining/Construction 7,500 7,200 8,300 4.2-9.6 Manufacturing 12,300 12,100 12,000 1.7 2.5 Trade/Transportation/Utilities 28,400 28,300 28,200 0.4 0.7 -Wholesale Trade 7,000 6,900 6,900 1.4 1.4 -Retail Trade 16,400 16,400 16,400 0.0 0.0 -Transportation/Warehousing/Utilities 5,000 5,000 4,900 0.0 2.0 Information 3,100 3,100 3,000 0.0 3.3 Financial Activities 15,400 15,700 16,500-1.9-6.7 Professional/Business Services 11,600 11,300 10,800 2.7 7.4 Educational/Health Services 25,600 26,000 25,100-1.5 2.0 Leisure/Hospitality 13,400 13,400 13,500 0.0-0.7 Other Services 4,800 4,800 4,600 0.0 4.3 Government 11,800 13,700 11,400-13.9 3.5 2010 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 2008 and 2009. Produced in cooperation with the US Bureau of Labor Statistics. Page 8 of 21
South Dakota Statistical Areas Nonfarm Worker Levels Areas July 2010 July 2009 Aberdeen MiSA 22,640 22,480 Brookings MiSA 17,130 17,345 Huron MiSA 8,660 8,585 Mitchell MiSA 13,115 13,010 Pierre MiSA 12,750 12,485 Spearfish MiSA 12,580 12,355 Vermillion MiSA 6,510 6,495 Watertown MiSA 17,550 17,295 Yankton MiSA 12,955 13,310 Rapid City MSA 63,200 62,800 Sioux Falls MSA 133,900 133,400 Dewey-Ziebach LMA 2,770 2,855 Aurora County 905 825 Bennett County 920 905 Bon Homme County 2,040 2,040 Brule County 2,470 2,435 Buffalo County 485 495 Butte County 2,865 2,810 Campbell County 445 450 Charles Mix County 3,740 3,785 Clark County 915 885 Corson County 915 925 Custer County 3,510 3,550 Day County 2,100 2,130 Deuel County 1,685 1,745 Douglas County 1,240 1,165 Fall River County 2,935 2,935 Faulk County 565 585 Grant County 3,910 3,820 Gregory County 1,555 1,495 Haakon County 760 760 Hand County 1,340 1,335 Harding County 455 450 Hutchinson County 2,825 2,780 Hyde County 575 565 Jackson County 950 960 Jerauld County 1,500 1,415 Jones County 580 575 Kingsbury County 1,780 1,815 Lake County 4,655 4,660 Lyman County 1,670 1,635 McPherson County 675 690 Marshall County 1,460 1,490 Mellette County 360 360 Miner County 865 880 Moody County 2,175 2,225 Perkins County 1,180 1,185 Potter County 945 940 Roberts County 3,520 3,440 Page 9 of 21
Sanborn County 715 720 Shannon County 4,275 4,420 Spink County 2,565 2,555 Sully County 540 540 Todd County 3,385 3,305 Tripp County 2,230 2,220 Union County 8,905 9,055 Walworth County 2,450 2,435 2010 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 2008 and 2009. Seasonally adjusted nonfarm data has been revised for years 1990-2009. Page 10 of 21
South Dakota Labor Supply July 2010 South Dakota 83,350 Ziebach County 335 Rapid City MSA 13,085 Hanson County 190 Sioux Falls MSA 23,310 Harding County 85 Aurora County 200 Hughes County 1,805 Beadle County 1,475 Hutchinson County 445 Bennett County 485 Hyde County 100 Bon Homme County 470 Jackson County 475 Brookings County 3,120 Jerauld County 210 Brown County 3,390 Jones County 110 Brule County 470 Kingsbury County 355 Buffalo County 500 Lake County 895 Butte County 690 Lawrence County 2,680 Campbell County 85 Lyman County 505 Charles Mix County 825 McPherson County 175 Clark County 230 Marshall County 315 Clay County 1,670 Mellette County 205 Codington County 2,625 Miner County 160 Corson County 495 Moody County 625 Custer County 1,395 Perkins County 205 Davison County 2,145 Potter County 170 Day County 475 Roberts County 1,110 Deuel County 330 Sanborn County 160 Dewey County 1,235 Shannon County 3,050 Douglas County 190 Spink County 505 Edmunds County 265 Stanley County 295 Fall River County 725 Sully County 115 Faulk County 140 Todd County 1,515 Grant County 620 Tripp County 440 Gregory County 290 Union County 1,745 Haakon County 110 Walworth County 500 Hamlin County 405 Yankton County 2,190 Hand County 230 Page 11 of 21
United States & South Dakota Seasonally Adjusted Labor Force July 2010* Areas Labor Force Employment Unemployment Rate Labor Force Employment Unemployment Rate United States 153,560,000 138,960,000 14,599,000 9.5% 154,351,000 139,817,000 14,534,000 9.4% South Dakota 443,000 423,400 19,600 4.4% 446,100 424,500 21,600 4.9% July 2009 Produced in cooperation with the US Bureau of Labor Statistics. Page 12 of 21
South Dakota & Counties Not Seasonally Adjusted Labor Force July 2010 Areas Labor Force Employment Unemployment Rate Labor Force Employment Unemployment Rate SOUTH DAKOTA 453,800 434,325 19,475 4.3 456,955 436,020 20,935 4.6 Aurora County 1,665 1,585 80 4.7 1,605 1,545 60 3.8 Beadle County 9,955 9,645 310 3.1 10,010 9,700 310 3.1 Bennett County 1,475 1,395 80 5.5 1,390 1,315 75 5.3 Bon Homme County 3,245 3,110 135 4.1 3,275 3,125 150 4.5 Brookings County 18,045 17,285 760 4.2 18,425 17,705 720 3.9 Brown County 21,550 20,865 685 3.2 21,510 20,835 675 3.1 Brule County 3,000 2,915 85 2.9 2,960 2,885 75 2.6 Buffalo County 525 435 90 17.1 520 450 70 13.8 Butte County 5,500 5,285 215 3.9 5,490 5,255 235 4.2 Campbell County 855 820 35 3.9 875 840 35 3.8 Charles Mix County 4,355 4,165 190 4.4 4,460 4,245 215 4.9 Clark County 1,840 1,770 70 3.9 1,865 1,770 95 5.0 Clay County 7,180 6,880 300 4.2 7,290 6,990 300 4.1 Codington County 16,295 15,655 640 3.9 16,975 15,805 1,170 6.9 Corson County 1,430 1,305 125 8.8 1,420 1,305 115 8.0 Custer County 5,955 5,775 180 3.0 6,130 5,970 160 2.6 Davison County 11,440 11,055 385 3.3 11,540 11,040 500 4.3 Day County 2,960 2,795 165 5.6 3,070 2,890 180 5.9 Deuel County 2,735 2,625 110 4.0 2,865 2,720 145 5.0 Dewey County 3,155 2,635 520 16.4 3,135 2,595 540 17.3 Douglas County 1,880 1,820 60 3.2 1,855 1,790 65 3.6 Edmunds County 2,090 2,030 60 2.9 2,090 2,030 60 2.8 Fall River County 4,020 3,860 160 4.0 4,095 3,890 205 5.0 Faulk County 1,130 1,090 40 3.5 1,165 1,125 40 3.3 Grant County 4,310 4,150 160 3.7 4,310 4,160 150 3.4 Gregory County 2,405 2,335 70 3.0 2,475 2,395 80 3.2 Haakon County 1,165 1,140 25 2.2 1,195 1,160 35 2.8 Hamlin County 2,940 2,820 120 4.0 3,000 2,845 155 5.1 Hand County 2,010 1,955 55 2.7 2,040 1,990 50 2.4 Hanson County 2,015 1,930 85 4.2 1,995 1,925 70 3.4 Harding County 845 815 30 3.3 840 810 30 3.3 Hughes County 10,955 10,645 310 2.8 10,875 10,580 295 2.7 Hutchinson County 3,925 3,805 120 3.1 3,985 3,845 140 3.5 Hyde County 780 750 30 4.0 800 770 30 3.8 Jackson County 1,470 1,410 60 4.1 1,515 1,445 70 4.7 Jerauld County 1,475 1,445 30 2.1 1,440 1,405 35 2.5 Jones County 810 790 20 2.3 820 800 20 2.7 Kingsbury County 2,985 2,850 135 4.6 3,180 3,025 155 4.8 Lake County 6,505 6,180 325 5.0 6,615 6,220 395 6.0 Lawrence County 14,045 13,515 530 3.8 14,045 13,520 525 3.7 Lincoln County 22,095 21,220 875 4.0 22,100 21,210 890 4.0 Lyman County 2,165 2,035 130 6.0 2,185 2,045 140 6.4 McCook County 2,725 2,605 120 4.5 2,720 2,600 120 4.4 McPherson County 1,175 1,120 55 4.6 1,205 1,145 60 5.0 Marshall County 2,145 2,050 95 4.5 2,205 2,105 100 4.5 Meade County 12,885 12,280 605 4.7 12,740 12,240 500 3.9 July 2009 Page 13 of 21
Mellette County 900 840 60 6.9 920 845 75 8.4 Miner County 1,265 1,205 60 4.8 1,275 1,215 60 4.6 Minnehaha County 100,945 96,490 4,455 4.4 101,050 96,440 4,610 4.6 Moody County 4,020 3,695 325 8.1 4,090 3,745 345 8.4 Pennington County 57,120 54,885 2,235 3.9 57,085 54,700 2,385 4.2 Perkins County 1,645 1,590 55 3.4 1,730 1,670 60 3.4 Potter County 1,370 1,320 50 3.7 1,395 1,350 45 3.2 Roberts County 4,815 4,565 250 5.2 4,820 4,560 260 5.4 Sanborn County 1,430 1,380 50 3.5 1,480 1,430 50 3.4 Shannon County 4,290 3,700 590 13.7 4,210 3,575 635 15.1 Spink County 3,565 3,455 110 3.1 3,585 3,475 110 3.1 Stanley County 2,020 1,960 60 3.0 2,000 1,950 50 2.5 Sully County 1,085 1,060 25 2.2 1,115 1,090 25 2.4 Todd County 3,880 3,600 280 7.2 3,710 3,400 310 8.4 Tripp County 3,025 2,925 100 3.3 3,075 2,990 85 2.8 Turner County 4,225 4,065 160 3.7 4,245 4,060 185 4.4 Union County 8,065 7,655 410 5.1 8,400 7,820 580 6.9 Walworth County 2,820 2,685 135 4.8 2,825 2,700 125 4.4 Yankton County 12,180 11,675 505 4.1 12,680 12,040 640 5.0 Ziebach County 1,010 920 90 8.8 985 905 80 8.0 The South Dakota labor force statistics are produced by the LMIC in cooperation with the U.S. Bureau of Labor Statistics. Produced in cooperation with the US Bureau of Labor Statistics. Page 14 of 21
South Dakota Areas Not Seasonally Adjusted Labor Force July 2010* Areas Labor Force Employment Unemployment Rate Labor Force Employment Unemployment Rate Rapid City MSA 70,005 67,165 2,840 4.1 69,825 66,940 2,885 4.1 Sioux Falls MSA 129,990 124,380 5,610 4.3 130,115 124,310 5,805 4.5 Aberdeen MiSA 23,640 22,895 745 3.2 23,595 22,865 730 3.1 Brookings MiSA 18,045 17,285 760 4.2 18,425 17,705 720 3.9 Huron MiSA 9,955 9,645 310 3.1 10,010 9,700 310 3.1 Mitchell MiSA 13,455 12,985 470 3.5 13,535 12,965 570 4.2 Pierre MiSA 12,975 12,605 370 2.8 12,875 12,530 345 2.7 Spearfish MiSA 14,045 13,515 530 3.8 14,045 13,520 525 3.7 Vermillion MiSA 7,180 6,880 300 4.2 7,290 6,990 300 4.1 Watertown MiSA 19,235 18,475 760 3.9 19,975 18,650 1,325 6.6 Yankton MiSA 12,180 11,675 505 4.1 12,680 12,040 640 5.0 Dewey-Ziebach LMA 4,155 3,550 605 14.6 4,125 3,505 620 15.1 July 2009 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 years 2005-2009 has been revised. Produced in cooperation with the US Bureau of Labor Statistics. Page 15 of 21
South Dakota Cities Not Seasonally Adjusted Labor Force July 2010* Areas Labor Force Employment Unemployment Rate Aberdeen City 15,125 14,620 505 3.3% Brookings City 12,155 11,640 515 4.2% Huron City 7,070 6,830 240 3.4% Mitchell City 9,065 8,730 335 3.7% Pierre City 9,185 8,920 265 2.9% Rapid City City 37,845 36,120 1,725 4.6% Sioux Falls City 87,920 83,835 4,085 4.6% Sioux Falls City - Lincoln 7,580 7,215 365 4.8% Sioux Falls City - Minnehaha 80,340 76,620 3,720 4.6% Spearfish City 6,030 5,800 230 3.8% Vermillion City 5,635 5,415 220 3.9% Watertown City 12,850 12,330 520 4.0% Yankton City 7,935 7,565 370 4.7% *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 16 of 21
South Dakota Annualized Pay of Covered Workers January 2009 to December 2009* Statewide $33,348 Hutchinson County $25,960 Rapid City MSA $32,819 Hyde County $28,326 Sioux Falls MSA $37,548 Jackson County $23,974 Aurora County $25,645 Jerauld County $28,200 Beadle County $30,997 Jones County $21,958 Bennett County $24,181 Kingsbury County $28,955 Bon Homme County $25,389 Lake County $28,930 Brookings County $33,780 Lawrence County $27,878 Brown County $32,991 Lincoln County $36,718 Brule County $24,326 Lyman County $23,920 Buffalo County $35,913 McCook County $24,605 Butte County $26,115 McPherson County $24,092 Campbell County $23,414 Marshall County $27,362 Charles Mix County $25,927 Meade County $32,256 Clark County $25,848 Mellette County $22,690 Clay County $30,269 Miner County $26,431 Codington County $31,354 Minnehaha County $37,801 Corson County $28,188 Moody County $32,024 Custer County $27,293 Pennington County $32,893 Davison County $30,281 Perkins County $23,861 Day County $23,576 Potter County $27,393 Deuel County $33,473 Roberts County $26,343 Dewey County $29,711 Sanborn County $26,468 Douglas County $26,467 Shannon County $33,275 Edmunds County $28,793 Spink County $28,220 Fall River County $29,652 Stanley County $25,720 Faulk County $26,425 Sully County $27,049 Grant County $31,261 Todd County $30,086 Gregory County $23,752 Tripp County $26,181 Haakon County $26,124 Turner County $37,307 Hamlin County $27,537 Union County $39,027 Hand County $25,988 Walworth County $25,417 Hanson County $27,782 Yankton County $32,077 Harding County $29,963 Ziebach County $29,330 Hughes County $34,814 *This data is updated quarterly. Page 17 of 21
South Dakota Local Office Activities July 2009 - June 2010 July 2008 - June 2009 Last Year Activities Job Seekers 95,194 87,298 9.0% Entered Employments 28,528 26,661 7.0% Job Openings Received 59,688 70,747-15.6% Page 18 of 21
South Dakota Department of Labor Unemployment Insurance Activities July 2010 June 2010 July 2009 Last Month Last Year Unemployment Insurance Activities Initial Claims 1,718 1,821 2,224-5.7% -22.8% Weeks Claimed 14,453 13,806 21,135 4.7% -31.6% Amount of Benefit Payments $2,628,866 $3,221,421 $4,317,052-18.4% -39.1% Unemployment Trust Fund Balance $18,725,150 $15,939,580 $8,540,802 17.5% 119.2% Page 19 of 21
Unemployment Insurance Weeks Claimed South Dakota Residents By County July 2010 Aurora 6 Fall River 79 Marshall 52 Beadle 171 Faulk 4 Meade 489 Bennett 56 Grant 48 Mellette 51 Bon Homme 64 Gregory 6 Miner 76 Brookings 561 Haakon 4 Minnehaha 4076 Brown 462 Hamlin 70 Moody 131 Brule 39 Hand 27 Pennington 1756 Buffalo 99 Hanson 52 Perkins 35 Butte 153 Harding 10 Potter 14 Campbell 19 Hughes 184 Roberts 185 Charles Mix 114 Hutchinson 47 Sanborn 16 Clark 19 Hyde 18 Shannon 447 Clay 211 Jackson 24 Spink 35 Codington 443 Jerauld 6 Stanley 31 Corson 114 Jones 9 Sully 5 Custer 102 Kingsbury 80 Todd 321 Davison 222 Lake 300 Tripp 51 Day 154 Lawrence 411 Turner 107 Deuel 54 Lincoln 580 Union 286 Dewey 280 Lyman 117 Walworth 86 Douglas 42 McCook 62 Yankton 382 Edmunds 24 McPherson 22 Ziebach 65 Page 20 of 21
National Economic Indicators July 2010 June 2010 July 2009 Last Month Last Year Consumer Price Index 218.0 218.0 215.4 0.0% 1.2% Nonfarm Payroll Employment 130.0 131.3 130.0-1.0% 0.0% Privately Owned Housing Starts 587 874 787-32.8% -25.4% Bank Prime Loan Rate 3.25 3.25 3.25 0.0% 0.0% Page 21 of 21