Download
HTML Embed
HTML EMBED
Click to Copy
This Is Uncomfortable

Episode 19: Instrument of sabotage

Oct 17, 2019

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Make Me Smart with Kai and Molly
American Futures

Is Sioux Falls’ 3.5% unemployment rate America’s future?

Kai Ryssdal Aug 16, 2013
Share Now on:
HTML EMBED:
COPY

The halting pace of the economic recovery is all too apparent, despite glimmers of hope in housing and other sectors. But in some places, the recovery has ended and the economy is in expansion mode.

One of those places is Sioux Falls, South Dakota, a city which Marketplace host Kai Ryssdal said has more to do with the American and global economy than you might think.

“I was at a food processing plant two days ago where they are making pre-packaged meals that will in probably a week and a half be on lunch trays for kids in the Los Angeles Unified School District.”

And the economy of Sioux Falls looks pretty darn good. Unemployment is at 3.5 percent, compared to the national rate of 7.4 percent. And this week, Capital One just announced they are bringing 175 new jobs to town.

But here’s the catch: 3.5 percent unemployment is actually, if you ask economists, too low. There isn’t enough turnover between jobs and companies can’t find the employees they need. In fact, local business leaders in Sioux Falls say that when they work to woo new companies to come open stores in Sioux Falls, the companies first question is about that unemployment rate: With so few unemployed workers, how will firms find the employees they need?

The Interactive:
Explore the Story Map:
Read regular updates from James Fallows during his travels across the country. And explore related interactive maps. More

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.

Check Your Balance ™️
Check Your Balance ™️
Personal finance from Marketplace. Where the economy, your personal life and money meet.

Thank you to all the donors who made our fall drive a success!

It’s Investors like you that keep Marketplace going strong!