The good news: Lake County's unemployment rate dropped another half-percentage point in September to 5.8%. 35 more people jumped into the labor force, but we added 65 new jobs. Not bad!
The bad news: we're still well above Lake County's historical (since 1990) average unemployment of 3.3%. And statewide, the unemployment rate has dropped to 4.4%, a rate the rest of the country would envy and that some economists would argue is
unnaturally and dangerously low. (A favored economist of our President
felt otherwise.)
Our neighbors in Brookings continue to be the labor leaders in the surrounding seven-county area:
Area | LaborForce | Employment | Unemployment | Rate |
Brookings County | 19,135 | 18,530 | 605 | 3.20% |
McCook County | 2,830 | 2,705 | 125 | 4.50% |
Minnehaha County | 101,350 | 96,580 | 4,770 | 4.70% |
Kingsbury County | 2,900 | 2,755 | 145 | 5.10% |
Miner County | 1,250 | 1,180 | 70 | 5.70% |
Lake County | 6,810 | 6,415 | 395 | 5.80% |
Moody County | 4,000 | 3,755 | 245 | 6.10% |
Stanley County is the current employment champ, with all but 2.1% of its workforce on the job. Among our major metropolitan areas, Pierre is best worker's market, with 2.6% unemployment.
Highest unemployment: Buffalo, Shannon, and Dewey counties. Watertown remains the toughest big town in which to find work, with unemployment at 6.5% (a half-point drop from August).