Spearfish - Work & Economy
Unemployment in Spearfish was 4.5 percent in July 2013, according to the South Dakota Department of Labor. The total labor force was 5,450, which meant 245 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 more than 500 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 5,205 in July 2013.
The Spearfish economy generated nearly $306.9 million in business activity subject to state sales tax in fiscal year 2013 (July 2012-June 2013). This represented a 5.5 percent increase over FY2012. However, the two largest sectors - retail and manufacturing - both logged declines. Gross retail sales dropped from $589 million in FY2012 to $521 million in FY2013. Manufacturing dropped from $130 million to $113 million.
Services took the biggest jump, from $59 million in gross sales to $68 million.
Find current month-by-month sales tax data on the South Dakota Department of Revenue website.
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.