South Dakota boasts lowest unemployment rate in nation and thriving economy
January 14, 2025 | 2025 Legislative SD, South Dakota
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South Dakota's economy is setting the standard for the nation, boasting the lowest unemployment rate in the country at 1.9%, a record-breaking achievement in American history. During the State of the State address on January 14, 2025, state leaders highlighted the impressive economic growth and development that has positioned South Dakota as a leader in job creation and housing development.
Governor Kristi Noem emphasized the state's robust economic indicators, noting that South Dakota has consistently outpaced other states in income growth and new housing projects. The state recently broke ground on a nearly $1 billion food processing facility with CJ Schwann's, further solidifying its reputation for economic development. Last year, South Dakota earned the Governor's Cup for being the top state in the nation for economic development projects, and expectations are high for continued success in the coming year.
Despite facing workforce challenges, the state has made significant strides in reducing the number of open jobs from over 25,000 to around 18,000. The introduction of apprenticeship programs has transformed education and training for South Dakotans, with over 1,500 apprenticeships available in various fields, including healthcare, construction, and education.
The firearms manufacturing industry is also thriving, contributing to the state's economy with over 1,600 jobs and generating more than $400 million annually. Companies like Paradigm Carbon and Silencer Central are leading the charge, showcasing South Dakota's commitment to Second Amendment rights and economic growth.
In addition to economic achievements, the state is addressing social issues, with Governor Noem highlighting efforts to combat anti-Semitism and promote traditional values. The governor's discussions with Rabbi Bridal Alperwitz underscored South Dakota's commitment to moral integrity and community values, positioning the state as a beacon of hope amid national challenges.
As South Dakota continues to build on its economic successes and uphold its values, the state remains poised to lead by example in the years to come.
Governor Kristi Noem emphasized the state's robust economic indicators, noting that South Dakota has consistently outpaced other states in income growth and new housing projects. The state recently broke ground on a nearly $1 billion food processing facility with CJ Schwann's, further solidifying its reputation for economic development. Last year, South Dakota earned the Governor's Cup for being the top state in the nation for economic development projects, and expectations are high for continued success in the coming year.
Despite facing workforce challenges, the state has made significant strides in reducing the number of open jobs from over 25,000 to around 18,000. The introduction of apprenticeship programs has transformed education and training for South Dakotans, with over 1,500 apprenticeships available in various fields, including healthcare, construction, and education.
The firearms manufacturing industry is also thriving, contributing to the state's economy with over 1,600 jobs and generating more than $400 million annually. Companies like Paradigm Carbon and Silencer Central are leading the charge, showcasing South Dakota's commitment to Second Amendment rights and economic growth.
In addition to economic achievements, the state is addressing social issues, with Governor Noem highlighting efforts to combat anti-Semitism and promote traditional values. The governor's discussions with Rabbi Bridal Alperwitz underscored South Dakota's commitment to moral integrity and community values, positioning the state as a beacon of hope amid national challenges.
As South Dakota continues to build on its economic successes and uphold its values, the state remains poised to lead by example in the years to come.
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