This article provides an overview of recent trends regarding teacher pay in South Dakota. New and existing teachers looking for work in South Dakota may find it a useful reference when contemplating where to live…
South Dakota’s population continues to rise. The significant state population growth seen in 2020-22, fueled largely by migration from the rest of the US, continued into 2023 but at a lower rate. The Census Bureau-estimated…
On September 18, 2024, the US Federal Reserve (FED) announced it was lowering the Federal Funds target rate by half a percent (0.50% or 50 basis points). The current target range for the Federal Funds…
Over the last decade, South Dakota has demonstrated impressive resilience and steady workforce growth, with the state’s nonfarm workforce reaching 468,200 by July 2024. Specifically, the average annual growth rate between 1991 and 2023 for…
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 many wondered whether we would…
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 and existing buyers alike. With…
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 Surveys of State and Local…
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 experienced positive and increasing net domestic migration,…
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 the rapid growth reflected a…
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 are nearly 450 yards long…
