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As mentioned in last month's e-Labor Bulletin article, South Dakota's employment is projected to increase by 8.5% overall during the 2020-2030 decade, adding just over 41,100 new jobs to the state's economy.
Altogether, when it comes to factors such as job openings, hires, quits, layoffs and unemployment in each state, South Dakota is one of ?the states where the labor market has improved most relative to the way it was before the pandemic,? she says. The state comes in at No. 1 in Resume. io's ranking.
South Carolina has the fastest-growing job market in America, with the rate of available job openings increasing by 142.86% in the last 10 years. Minnesota and Kansas also ranked high in the new study, with job openings rates accelerating by over 140%.
Higher interest rates, inflation, a cooling housing sector and a dip in consumer spending are expected to slow economic growth in South Dakota, ing to the state Bureau of Finance and Management.
This data is seasonally adjusted. Preliminary estimates show South Dakota's unemployment rate remained unchanged at 1.9% in September 2023. The labor force increased over the month by 800 workers (0.2%) to 484,000 workers. The level of unemployed increased by 300 (3.3%) to 9,400 workers.