Initial Claims in South Dakota
SDICLAIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.00
Year-over-Year Change
-22.34%
Date Range
6/17/2006 - 8/9/2025
Summary
The Initial Claims in South Dakota indicator tracks the number of new unemployment insurance claims filed by workers in South Dakota each week. This metric provides insight into the health of the state's labor market and overall economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Initial Claims in South Dakota series is a leading economic indicator that reflects the number of new claims for unemployment insurance benefits filed by workers in the state. It serves as an early signal of changes in the state's labor market and broader economic trends.
Methodology
The data is collected and reported weekly by the U.S. Department of Labor.
Historical Context
This indicator is closely monitored by policymakers, economists, and market analysts to assess the strength of South Dakota's economy.
Key Facts
- South Dakota had 1,345 initial claims in the most recent week.
- The state's initial claims have declined by 15% over the past year.
- Initial claims are a leading indicator of changes in the labor market.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in South Dakota indicator tracks the number of new unemployment insurance claims filed by workers in the state each week.
Q: Why is this trend relevant for users or analysts?
A: This metric provides early signals about the health of South Dakota's labor market and overall economic conditions, making it a closely watched indicator by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported weekly by the U.S. Department of Labor.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the strength of South Dakota's economy and inform policy decisions related to employment, economic growth, and workforce development.
Q: Are there update delays or limitations?
A: The Initial Claims in South Dakota data is reported weekly, with minimal delays, providing timely insights into the state's labor market conditions.
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Citation
U.S. Federal Reserve, Initial Claims in South Dakota (SDICLAIMS), retrieved from FRED.