2023 Q2 Dakota Outlook
The economic roller coaster of 2023 continues. There haven’t been too many ups and downs so far in 2023. In fact, we seem to be going up and up and…
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viewing: Q2-2023
Real Incomes and Hourly Earnings on the Rise
South Dakota’s personal income growth was strong in the first quarter of 2023, with its 5.1% inflation-adjusted annualized growth rate more than four times the national growth rate. Part of…
Momentum Holds but Economic Uncertainty Rising
Sometimes I like to think of the macroeconomy as an oceangoing container ship. There’s a lot of mass in those ships, a lot of momentum. The largest of these ships…
Housing Demand Remains Strong Despite Increased Borrowing Costs
Mortgage rates, the ever-powerful forces shaping the dynamics of the US housing market, remain at the forefront of activity as we push into the latter half of 2023. The first…
Labor Markets Continue to Run Hot
The labor market outlook continues to defy gravity. In our last issue, we shared how national and state labor markets generally outperformed expectations. We also discussed historic data revisions that…