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Private industry employer costs for employee compensation among the four regions of the country ranged from $38.48 per hour in the South to $52.32 in the Northeast in December 2023.
Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.6 percent in February.
In 2023, the broadest measure of labor underutilization, designated U-6, was 3.9 percent in South Dakota, significantly lower than the 6.9-percent rate for the nation.
Data Series | Back Data |
Aug 2023 |
Sept 2023 |
Oct 2023 |
Nov 2023 |
Dec 2023 |
Jan 2024 |
---|---|---|---|---|---|---|---|
Civilian Labor Force(1) |
(r)481.7 | (r)481.6 | (r)481.8 | (r)481.7 | (r)481.7 | (p)481.6 | |
Employment(1) |
(r)471.8 | (r)471.7 | (r)471.8 | (r)471.7 | (r)471.8 | (p)471.7 | |
Unemployment(1) |
(r)9.8 | (r)9.9 | (r)10.0 | (r)9.9 | (r)9.9 | (p)9.9 | |
Unemployment Rate(2) |
(r)2.0 | (r)2.1 | (r)2.1 | (r)2.1 | (r)2.1 | (p)2.1 | |
Total Nonfarm(3) |
463.2 | 464.1 | 466.0 | 467.4 | 469.6 | (p)467.6 | |
12-month % change |
1.8 | 2.0 | 2.3 | 2.5 | 3.0 | (p)2.2 | |
Mining, Logging, and Construction(3) |
29.6 | 29.9 | 30.3 | 30.8 | 31.8 | (p)31.8 | |
12-month % change |
8.0 | 8.7 | 8.6 | 10.4 | 14.4 | (p)11.2 | |
Manufacturing(3) |
45.1 | 45.4 | 45.4 | 45.4 | 45.7 | (p)45.5 | |
12-month % change |
-0.4 | 0.4 | 0.2 | 0.4 | 0.9 | (p)0.2 | |
Trade, Transportation, and Utilities(3) |
92.1 | 92.5 | 92.4 | 92.4 | 92.8 | (p)91.9 | |
12-month % change |
2.8 | 3.0 | 2.7 | 2.4 | 3.0 | (p)1.7 | |
Information(3) |
5.1 | 5.2 | 5.2 | 5.0 | 5.2 | (p)5.1 | |
12-month % change |
-3.8 | -1.9 | 0.0 | -3.8 | 0.0 | (p)-1.9 | |
Financial Activities(3) |
27.8 | 27.8 | 27.9 | 27.7 | 27.7 | (p)27.5 | |
12-month % change |
-1.1 | -0.7 | -0.4 | -1.1 | -1.1 | (p)-1.4 | |
Professional & Business Services(3) |
37.5 | 37.6 | 37.2 | 37.1 | 37.4 | (p)37.1 | |
12-month % change |
1.1 | 0.5 | 0.3 | 0.3 | 1.1 | (p)0.3 | |
Education & Health Services(3) |
77.1 | 76.6 | 77.3 | 77.8 | 77.4 | (p)77.3 | |
12-month % change |
1.2 | 0.9 | 2.5 | 2.9 | 2.0 | (p)1.3 | |
Leisure & Hospitality(3) |
49.5 | 49.7 | 50.1 | 50.7 | 50.5 | (p)50.1 | |
12-month % change |
2.5 | 2.5 | 2.9 | 4.1 | 3.9 | (p)2.9 | |
Other Services(3) |
18.2 | 18.2 | 18.4 | 18.6 | 18.8 | (p)18.9 | |
12-month % change |
2.2 | 2.2 | 2.8 | 3.3 | 4.4 | (p)5.6 | |
Government(3) |
81.2 | 81.2 | 81.8 | 81.9 | 82.3 | (p)82.4 | |
12-month % change |
1.9 | 1.8 | 2.3 | 2.1 | 2.6 | (p)2.9 | |
Footnotes |