Use access key #2 to skip to page content.

IBDvalueinvestin (99.67)

South Dakota hiring outlook Strong. Book your moving truck it seems South Dakota is leading the nation in Job increases on a percentage basis.

Recs

2

December 09, 2010 – Comments (2) | RELATED TICKERS: MAN , PAYX , DAKT

 

S.D. hiring outlook strong State leads U.S. with 15 percent of companies planning to add workers

 Kelly Thurman • kthurman@argusleader.com • December 9, 2010

The recession has been tough on cabinet-maker Showplace Wood Products of Harrisburg.

 

But company President Tony Bour said they've noticed an uptick in orders during the last quarter, and employees now are working overtime. That increase has given Bour optimism that the first months of next year will bring continued growth and the need to add employees, possibly as early as February.

"We think that there is a pent-up demand for remodeling, and once the holidays are over and we get that behind people, then they'll start thinking about projects that they'd like to do before spring," Bour said.

 

According to the Manpower Employment Outlook Survey, 15 percent of South Dakota companies interviewed plan to hire between January and March, while 5 percent plan to reduce payrolls - making the state's market among the strongest in the nation.

The survey is just one more indicator that South Dakota's economy is starting to build momentum. The state's unemployment rate has huddled around 4 percent in past months, down from a peak of 5.5 percent in March 2009.

A recent monthly economic outlook survey by Ernie Goss at Creighton University in Nebraska also indicates that South Dakota's economy will continue to grow in coming months.

The Manpower survey said growth in South Dakota will dip slightly compared to the last quarter of this year, when 20 percent of companies are expected to hire. But it's ahead of the national outlook for early next year, with 14 percent expected to hire but 10 percent expected to decrease payrolls.

It's notable that the number of South Dakota businesses expected to maintain their work force increased to 80 percent and the percentage expected to downsize is shrinking, said Jessica McCormick, regional director of central states for

 

Goss expects growth in South Dakota to continue at a slower pace than it has been, but it still will be ahead of the U.S., in part because of agriculture. But durable goods manufacturing, which includes computer and electronics components, also is showing strength.

"We're still not seeing the hiring we'd like to see, but it's certainly better in this part of the country compared to the rest of the nation," he said.

Daktronics is hiring in both Brookings and Sioux Falls.

The Sioux Falls plant, which manufactures digital billboard displays, has had an increase in orders and is in the process of creating a night shift, said Cassie Flick, who handles human resources for the Sioux Falls office. They plan on adding about 25 employees to begin work in February and expect the need for a night shift to continue.

"This is our first big hiring push in some months," Fick said of the Sioux Falls operations.

Bour at Showplace also is optimistic. Because his business is linked to the construction industry, he hasn't done much hiring this year.

He estimates he might increase his employee base by about 10 percent throughout the next year.

"But we are optimistic about next year, and we think we will be doing hiring," he said.

2 Comments – Post Your Own

#1) On December 09, 2010 at 2:47 PM, lemoneater (78.14) wrote:

The cost of living is low there also. However, the winters there are very cold.

I guess people still go West for better opportunities like the Ingalls family in Little House on the Prairie did.

 

Report this comment
#2) On December 09, 2010 at 3:09 PM, lemoneater (78.14) wrote:

For more info on life in South Dakota see this website http://www.constantconservative.com/. I know the author personally. In between political commentary (local, national, and sometimes global) he includes vignettes of South Dakota happenings.

Report this comment

Featured Broker Partners


Advertisement