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Definitions of economic indicators.

Personal Income

Income received by persons from all sources. It is measured before the deduction of personal income taxes and other personal taxes and is reported in current dollars. Data is published by the Bureau of Economic Analysis, U.S. Department of Commerce.

Nonagricultural Wage & Salary Employment

The number of wage and salaried workers on nonfarm establishment payrolls. Persons are counted by place of work regardless of the residence of workers. (Multiple jobholders are counted more than once.) Figures are collected and tabulated by the Labor Market information Center, South Dakota Department of Labor.

Total Employment

Also known as resident employment, this indicator measures the number of residents who have jobs somewhere--workers are counted only once by their primary job. Figures are produced using survey data and are published by the South Dakota Department of Labor.

Unemployment Rate

The percentage of the resident labor force who do not have jobs but are actively seeking jobs. Data is published by the South Dakota Department of Labor.

Building Permits (Housing Starts)

Data reported includes the estimated dollar value of construction as shown on the building permit for single family homes and multiple family buildings. Data is received from the Bureau of the Census, Building Permits Branch.

New Car & Truck Registration

Number of titles issued for new cars and trucks. Includes registrations of various makes of vehicles except "other" category which combines cars and trucks. Data is received from the Department of Revenue, Division of Motor Vehicles.

Taxable Sales

The amount of sales and use taxable sales subject to the 4% tax rate as reported by the South Dakota Department of Revenue.

Business Research Bureau

Wade Druin, Director

John Hemmingstad, State Director, SBDC

Randall M. Stuefen, Associate Director & Director of Research

Nancy Nelson, Program Manager, S.D. State Data Center

Carole Cochran, Project Coordinator, Kids Count

Kareen Dougherty, Program Manager, PTAC

Beth Adamson, Executive Director, Family Business Initiative

Linda Burcham, Senior Secretary, FBI

Nancy Kniffen Craig, Information Officer

Thelma Lind, Office Supervisor

Darlene Bottolfson, Accounting Assistant

Pat Goebel, Senior Secretary

Debbie Stalvig, Secretary

Editorial Review Board

Jon Carpenter, Professor of Accounting

Jack Powell, Professor of Quantitative Business Analysis & Management Information Systems

BiJay Naik, Assoc. Professor of Mgt. Info. Systems

Dean, School of Business

Michael J. Keller

The articles by our contributors do not necessarily represent the viewpoint of the Business Research Bureau, the School of Business or The University of South Dakota. The South Dakota Business Review attempts to stimulate and inform but not to convert readers to any particular viewpoint.

Bulk postage paid to Vermillion, South Dakota 57069. Published quarterly in March, June, September and December. Any material in the Business Review may be reproduced if credit is given.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

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Publication:South Dakota Business Review
Date:Sep 1, 2004
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