User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


36° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Keep an eye on slick roads through Tuesday  Download StormTracker

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

KELOLAND’s Economic Outlook For 2013

January 6, 2013, 5:30 PM by Stephanie Gregory

KELOLAND’s Economic Outlook For 2013
SIOUX FALLS, SD -

If you could look into a crystal ball and see what ups and downs our economy will experience throughout the next 12 months, it could make you pretty rich.

While looking into the future isn't available for most of us, University of Sioux Falls Economic Professor Lorri Halverson says the way we can tell the future is by looking into the past.

"The best thing we have is the data we have right now and when we look at that data, we look at it from the historical perceptive," Halverson said.

Halverson says South Dakota's economy has many strengths going into the New Year. Coming out of 2012, the national economy saw growth in job numbers. Halverson says there is not much change to job numbers in the Rushmore State, but that's a good thing.

"We haven't seen the huge job hits and unemployment reductions that we're seeing in some of the other areas across the United States," Halverson said.
    
There's also the question over the national debt. Halverson says since it wasn't dealt with when Congress passed a bill to avoid the fiscal cliff, this year the debt ceiling could come to the forefront.
 
"There is a limit on how much more we can borrow. There is a limit on how much a federal government can spend based on the money we have coming in based on tax revenue," Halverson said. 

Going into 2013, many may ask the question of what if. What would happen if there was another drought in KELOLAND? What would happen if there was another natural disaster? Halverson says you can't calculate that until it happens.

"Plan and do the best that we can in terms of our business and personal planning around the realities that exist today," Halverson said.

No matter how you shake it, we don't know what's going to happen in 2013 but for where we are, we now have a little more insight.

Previous Story

Next Story


Comments







Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story
Denny Sanford's Multi-Million Solution To Worker Shortage

12/16/2014 10:04 PM

Sanford's money provides half of the funds for a $50 million scholarship program at the state's technical schools to train workers to fill job...

Full Story | Watch
Sioux Falls Business Battles Bacteria

12/18/2014 10:05 PM

Imagine if any kind of bacteria, virus or mold that landed on a medical scrub suit was killed on contact.

Full Story | Watch


Events