Spearfish - Work & Economy
Unemployment in Spearfish was 4.7 percent in August 2011, according to the South Dakota Deparment of Labor. The total labor force was 5,465, which meant 255 people were actively looking for work. The jobs situation was considerably improved compared to August, 2010 when unemployment was 5.5 percent. In part, however, the improvement resulted from a loss of 555 people from the labor market as workers moved or became discouraged. The total number of employed persons declined slightly from 5,215 in August, 2010 to 5,210 in August, 2011.
The Spearfish economy generated nearly $31.1 million in business activity subject to state sales tax in July and August 2011. This represented a 4.4 percent increase over the same period in 2010. Retail sales showed the greatest strength, rising 8.8 percent compared to the prior year. Construction suffered the biggest decline with revenues down nearly 35.5 percent. For more details, see the full report from the South Dakota Department of Revenue.
For information on the Spearfish economy, check out the resources provided by Spearfish Economic Development. The Spearfish Chamber of Commerce provides a community overview that includes data on population, climate, air transportation, taxes and more.
Gross Sales Revenue
Below is an interactive graph showing the gross sales revenue trends for Spearfish covering May 2012 through April 2013 according to the South Dakota Department of Revenue.