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…
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…
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…
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…
On November 3, 2022 the Federal Reserve announced another 75 basis point hike in the Federal Funds rate (the overnight interest rate on interbank loans), raising its target from 3.25% to 4.00%. The Fed is…
Welcome to the inaugural edition of the Dakota Outlook, a quarterly publication from the Dakota Institute. Every quarter our experts provide professional and informative analysis on key sectors and trends of interest to business leaders…
