Sioux Falls, SD – December 2023 Jobs Report – Steady Growth Amidst National Slowdown

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Sioux Falls’s job market held its ground in December 2023, maintaining its positive momentum despite signs of deceleration at the national level. This report showcases the city’s resilience with steady job growth, a low unemployment rate, and key industries continuing to expand, offering promising prospects for job seekers.


  • Nonfarm employment remains steady: The nonfarm job count added 20 positions, pushing the total to 174,100, indicating consistent job creation.
  • Low unemployment rate persists: At 1.8%, the unemployment rate remained unchanged, signifying a tight labor market with readily available opportunities.
  • Manufacturing shows stability: This crucial sector maintained its 19,400 jobs, reflecting year-over-year growth and economic importance.

What Industries and Occupations Grew:

  • Professional and Business Services: This sector added 100 jobs, reaching 8,400 positions. Accountants, marketing specialists, and human resource professionals saw particular demand.
  • Healthcare and Social Assistance: Expanding steadily, this sector gained 50 jobs, reaching 13,200 positions. Registered nurses, home health aides, and medical assistants were among the in-demand occupations.
  • Construction: Demonstrating resilience, this sector added 20 jobs, reaching 4,100 positions. Electricians, carpenters, and construction laborers saw increased demand.

What Industries and Occupations Shrank:

  • Leisure and Hospitality: This sector shed 20 jobs, bringing the total to 7,500 positions. This decline is likely due to seasonal fluctuations in tourism and hospitality.
  • Other Services (except Public Administration): This sector lost 50 jobs, reaching 17,900 positions. Specific reasons for this decline are unclear.

Compare to Same Month Last Year:

  • Nonfarm employment: Up from 159,500 jobs in December 2022, showcasing a 2.9% increase and sustained growth.
  • Unemployment rate: Lower than 1.9% in December 2022, highlighting an improvement in the labor market.

Compare to Previous Month:

  • Nonfarm employment: Slightly higher than the revised November gain of 100 jobs, indicating continued job creation.
  • Unemployment rate: Unchanged from November 2023, suggesting stability in the labor market.

Future Outlook:

Experts predict continued positive momentum for Sioux Falls’ job market in 2024. The low unemployment rate, stable job growth, and expansion in key industries create an optimistic outlook. However, potential national economic concerns and inflation could introduce uncertainty. Professional and business services, healthcare, and construction show promise, while broader factors could impact the overall trajectory.

10 Growing Occupations in Sioux Falls, SD:

  1. Registered Nurses
  2. Software Developers and Applications Developers
  3. Marketing Specialists
  4. Accountants and Auditors
  5. Customer Service Representatives
  6. Truck Drivers
  7. Sales Representatives
  8. Construction Laborers
  9. Nursing Assistants
  10. Physical Therapists

10 Companies Hiring Now in Sioux Falls, SD:

  1. Sanford Health
  2. Avera McKennan Hospital
  3. Sioux Falls School District
  4. Citibank
  5. Wells Fargo
  7. Cargill
  8. Westrock Coffee Company
  9. KELOLAND Media Group
  10. Sioux Falls Area Community Foundation