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.


77° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

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







 
Find Local Businesses on KELO Pages!

View business

You may also like

Sioux Falls To Get Burlington Coat Factory

8/14/2014 1:45 PM

It's a deal that's been in the works for more than a year.  Now Lloyd Companies has submitted plans for a new Burlington Coat Factory sto...

Full Story
Two KELOLAND Target Stores Now Open Extended Hours

8/19/2014 12:16 PM

Night owls who enjoy shopping at Target will soon have a few more hours to browse the shelves.

Full Story
Toy Store to Open Second Location At Dawley Farm Village

8/14/2014 3:50 PM

A Sioux Falls toy store is opening a second location at Dawley Farm Village.

Full Story
SF Food Scene Gets Some National Attention

8/15/2014 8:14 PM

Sioux Falls' local flavor is getting national attention.

Full Story
Raven Balloons In Demand By Google

8/20/2014 9:10 AM

Raven Industries reports that sales for the second quarter are up to $94.5 million from $93.4 million the same time last year, due in part to Google&#...

Full Story


Events