SD Unemployment and Jobs Report are Stable

The latest jobs report in South Dakota shows unemployment claims continue to decline, but there is an uptick in first-time claims.  The Department of Labor reported 364 initial claims Thursday, an increase of 59 from the previous week.

In the early months of the pandemic, first-time unemployment claims rose to several thousand each week.  In recent months, they have averaged between 200 and 300 weekly.  The South Dakota unemployment rate stands at 2.9%.