Dakota Outlook

A quarterly report providing timely analysis and insight into the key trends along with forecasts for where the state and regional economies might be heading.
You can access our complete archive of all previous issues of the Dakota Outlook here. Make sure you never miss an issue by signing up for our newsletter below.
- Q1-2024
April 16, 2024

2024 Q1 Dakota Outlook

South Dakota is off to a great start in 2024. Employment growth is strong, incomes are rising, and the state’s strong economy is attracting new workers and residents from across…

Labor Force - Q1-2024 Outlook Report
April 12, 2024

Is South Dakota’s Labor Market Back to “Normal”?

Between February 2020 and March 2020, South Dakota lost 44 thousand employees, making up 10% of the total nonfarm workforce. This extreme labor shock sent ripples through the economy, and…

Housing - Q1-2024 Outlook Report
April 12, 2024

Assessing Housing Dynamics in a Historic Market

Over the past four years, the US housing landscape has undergone a significant transformation, characterized by historic listing price growth, an escalating race for space, and dramatic concessions for emerging…

Tax Policy - Q1-2024 Outlook Report
April 12, 2024

What’s Driving Property Tax Changes in South Dakota?

In South Dakota, property taxes make up around 75% of local government tax revenue and about 25% of the overall state and local tax revenue (U.S. Census Bureau 2021 Annual…

Population - Q1-2024 Outlook Report
April 12, 2024

New Insights into South Dakota’s Population Change

Domestic Migration Domestic migration is a key driver of population growth in South Dakota. As noted in last spring’s article on population change, South Dakota has largely experience positive…