United States Congress Joint Economic Committee

South Dakota

May 2024

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) 3.7% 3.7% 3.4%
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 62.5% 62.5% 62.4%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.4% 3.1% 6.5%
"Core" CPI Inflation 3.9% 4.0% 5.7%
National Gas/gal. Updated 5/26/24 12:00 AM $3.59 $3.66 $3.57
South Dakota Gas/gal. $3.29 $3.40 $3.45
Midwest Region: Loaf of Bread $1.97 $1.91 $1.87
Midwest Region: Milk/gal. $2.57 $2.62 $2.17
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q4/2023 (3rd Estimate)
3.4%
SD Real GDP
Q4/2023
2.1%
S&P 500 (YTD)
0.29% Updated 1/16/24 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
SD Hourly Rate
$9.95
Last Generated: 5/26/24 4:30 AM