SIOUX FALLS, S.D. (KELO.com) — KELO.com News’ ninth most impactful local story of 2021 is Sioux Falls’ strong economy.
Some of the factors used to determine economic growth in a city include the unemployment rate, wage growth, new home sales, and population growth.
Sioux Falls has seen positive numbers in all of those categories throughout the year.
For example, the unemployment rate in Sioux Falls is at 2.2% while the average in the United States is at 4.2%.
Here are some economic indicators used to determine the kind of growth in a city:
- Unemployment rate as of October 2021: 2.2%
- Wage Growth as of Nov. 2021, 2.9% overall
- New Home pending Sales up 27.1%
- Population growth as of 2020, 1.8%, 1st in state
(Todd Epp, KELO.com News, contributed to this report.)
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