Economic Indicators: August 2020

August 24, 2020

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August 2020 Economic Indicators show Rapid City's economy continues to improve from its coronavirus lows in April of 2020. Unemployment continues to decrease (8.2%), while hospitality, health care, and the primary sector all see gains in employment from last month. The housing market still sizzles as workers from pandemic-ravaged regions look to the Black Hills as better place for remote work. Gross sales  are up from last month and from last year, solidifying Rapid City as a solid business ecosystem in any economy.