In February, the US job market showed a 4.1% unemployment rate with South Dakota reporting the lowest at 1.9%. This reduction can be attributed to strong employment in the financial services, agriculture, and healthcare sectors. Despite high unemployment rates in states like Michigan and California, South Dakota stood out with only 9,155 unemployed. A record low of 1.8% was noted in June 2023, supported by 24,000 job openings across the state. Experts, like Joseph Santos, attribute this success to a balanced mix of dominant employment sectors.
"In February, the US unemployment rate was reported at 4.1%. South Dakota, with the lowest at 1.9%, boasted only 9,155 unemployed individuals."
"Financial services, agriculture, and healthcare are the dominant sectors driving South Dakota’s employment. Major employers include Avera Health and Monument Health among others."
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