Economic Indicators: September 2020

September 21, 2020

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Unemployment continues to fall (6.8%) as the region recovers from its coronavirus slump in the second quarter. This is supported by a recovery of hotel occupancy rates, higher passenger airport boardings, and gross sales increases from the previous twelve months. Residential real estate continues to tighten as people look at moving to the Black Hills, while commercial real estate surprisingly holds relatively steady from last month.