MITCHELL, S.D. (MITCHELLNOW) With the U.S. having gained 142,000 jobs in August, WalletHub today released updated rankings for its report on Changes in Unemployment Rate by State, along with expert commentary.

In order to take stock of how unemployment rates are changing throughout the U.S., WalletHub compared the 50 states, and the District of Columbia based on six key metrics that compare unemployment rate statistics from the latest month for which data is available (August 2024) to key dates in 2024, 2023, 2020 and 2019.

Unemployment Change in South Dakota:

  • Overall rank for South Dakota: 1st
  • -0.35% Change in Unemployment (August 2024 vs July 2024)
    • 9,587 unemployed people in August 2024 vs 9,621 in July 2024;
    • 9th best change in the U.S.
  • -2.56% Change in Unemployment (August 2024 vs August 2023)
    • 9,587 unemployed people in August 2024 vs 9,839 in August 2023;
    • 8th best change in the U.S.
  • -48.25% Change in Unemployment (August 2024 vs August 2020)
    • 9,587 unemployed people in August 2024 vs 18,525 in August 2020;
    • 26th best change in the U.S.
  • -26.42% Change in Unemployment (August 2024 vs August 2019)
    • 9,587 unemployed people in August 2024 vs 13,030 in August 2019;
    • 2nd best change in the U.S.
  • -17.79% Change in Not Seasonally Adjusted Continued Claims (August 2024 vs July 2024)
    • 1,315 continued claims in August 2024 vs 1,081 in July 2024;
    • 8th best change in the U.S.
  • 0% Unemployment Rate (August 2024)
    • The lowest unemployment rate in the U.S.

To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/states-unemployment-rates/74907