Expert
Research & Analysis

The economic landscape is always changing. Understanding the short- and long-term trends that shape our economy is crucial for long-term success. Our experts track and analyze the most important trends and forces that shape the state and region and share their insights here.
Dive into our free analysis of trends and economic conditions in the region.
Housing Article
July 12, 2023

How We Track Housing Affordability

Affordable housing has emerged as a critical issue impacting individuals, families, and communities in South Dakota and across the United States. While the overall US housing market has experienced a noticeable slowdown in recent months,…

Regional
Research Publication
June 2, 2023

CO2 Pipelines Would Significantly Impact South Dakota Economy

The South Dakota Ethanol Producers Association worked with the Dakota Institute to analyze the potential economic impacts of two large CO2 pipeline projects. The pipelines would collect CO2 byproducts of corn-based ethanol production and transport…

Consulting | Economic Impact | Regional
Population Article
May 31, 2023

Migration Drives South Dakota Population Growth

After a long climb to finally recover to its 1930 population in 1990, South Dakota’s population has risen significantly to just over 900,000 in 2022.  Most recently, between July 2021 and July 2022, South Dakota…

Regional
Housing - Q1-2023 Outlook Report
April 3, 2023

As Prices Persist, Affordability Takes a Hit

While the housing market of 2022 will be remembered for its dramatic highs and lows on a national scale, these historic swings were amplified more so in distinct regional and local markets. The South Dakota…

Wages & Income - Q1-2023 Outlook Report
April 3, 2023

Inflation Continues to Erode Earnings

Workers in the private sector saw their average hourly earnings fall by $0.75 from December 2021 to December 2022 when controlling for inflation, according to recently released data from the Bureau of Labor Statistics (Current…

Macroeconomy - Q1-2023 Outlook Report
April 3, 2023

National Economy Heats up While the State Economy Slows Down

Looking back to our first issue in late 2022, we saw the national and state economies gaining strength and confidence, though the heady days of 2021 were unlikely to return soon. The newest data from…

Labor Force - Q1-2023 Outlook Report
April 3, 2023

New Data Shows a Tight Labor Market

This issue of the Dakota Outlook introduces two substantial revisions that affect data previously reported in the forecast table. The first revision reflects a change in our reporting practices, while the second stems from data…

Labor Force - Q4-2022 Outlook Report
November 21, 2022

The Labor Shortage is Real But Don’t Blame Quiet Quitting

The US labor market has spent most of 2022 ignoring any warnings about economic slowdowns. Employment growth and job creation have been at multi-decade highs through much of the post-pandemic period, and labor markets remained…

Housing - Q4-2022 Outlook Report
November 21, 2022

South Dakota Housing Costs Rising Faster than the Nation’s

While decades-high inflation has impacted almost every sector of the US economy, its most apparent effects are reflected in housing markets. South Dakota is no exception to this national trend in increased housing prices. In…

Wages & Income - Q4-2022 Outlook Report
November 21, 2022

High Inflation Leads to Negative Income Growth

South Dakota real (inflation-adjusted) personal income is trending downward in 2022 after growing each year between 2017 and 2021.  While the state experienced growth in the first quarter of 2022, the inability to keep up…