United States Congress Joint Economic Committee

South Dakota

December 2023

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November Employment Update
Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
South Dakota Unemployment (U-3) 2.1% 2.1% 1.9%
U.S. Official Rate (U-3) 3.6% 3.7% 3.6%
U.S. "Real" Rate (U-6) 7.0% 7.1% 6.7%
South Dakota Labor Force Participation Rate 67.5% 67.5% 68.5%
U.S. Labor Force Participation Rate 62.7% 62.8% 62.2%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.2% 3.7% 7.7%
"Core" CPI Inflation 4.0% 4.1% 6.3%
National Gas/gal. Updated 12/8/23 12:00 AM $3.19 $3.41 $3.33
South Dakota Gas/gal. $3.10 $3.38 $3.25
Midwest Region: Loaf of Bread $1.95 $1.93 $1.78
Midwest Region: Milk/gal. $2.57 $2.62 $2.17
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q3/2023 (2nd Estimate)
5.2%
SD Real GDP
Q2/2023
1.0%
S&P 500 (YTD)
19.43% Updated 12/8/23 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
SD Hourly Rate
$9.95
Last Generated: 12/8/23 10:05 AM