South Carolina’s Employment Situation – June 2013

In June, the state’s seasonally adjusted unemployment rate increased slightly to 8.1 percent, up from 8.0 percent in May. In June, the number of unemployed people rose by 1,904 for a total of 174,423, and the number of those who are employed decreased by 4,767 bringing the level of employed South Carolinians to 1,991,908. Overall, the labor force declined by 2,863 making a total of 2,166,331 persons in South Carolina who are either working or searching for work.

Nationally, the unemployment rate remained at 7.6 percent.

Nonagricultural Employment by Industry (Seasonally Adjusted1)

June’s seasonally adjusted, non-farm payrolls increased by 14,300 over the month, to 1,889,500, experiencing the largest monthly gain in South Carolina’s workforce since October 2006.

  • South Carolina saw marked gains in Trade, Transportation, and Utilities (+7,200); Professional and Business Services (+4,400); Leisure and Hospitality (+2,900); Construction (+1,100); and Manufacturing (+1,000).
  • Industries experiencing declines were Education and Health Services (-1,200), Financial Activities (-600), Other Services (-300), and Government (-200).

Since June of 2012, seasonally adjusted non-farm jobs were up 31,500.

  • Industries with gains were Leisure and Hospitality (+10,700); Trade, Transportation, and Utilities (+8,500); Financial Activities (+4,100); Construction (+3,300); and Government (+5,100).
  • Additional gains occurred in Manufacturing (+1,800), Education and Health Services (+900), and Information (+400).
  • Declines were seen in Professional and Business Services (-1,800).

Nonagricultural Employment by Industry (Not Seasonally Adjusted2)

The not-seasonally adjusted, non-farm payroll employment in June increased by 10,100 over the month, to 1,906,500. This was the largest May-to-June increase in South Carolina’s payroll employment since 2000.

  • Firm gains occurred in Trade, Transportation, and Utilities (+7,400); Leisure and Hospitality (+6,800); Professional and Business Services (+3,600); Construction (+2,100); and Manufacturing (+1,000). Manufacturing reversed its prior two-month decline.
  • Four industries experienced declines: Government (-7,000), Education and Health Services (-3,600), Other Services (-200), and Financial Activities (-100).
  • Government’s decrease was due to the continued summer ramp down in the Education and Health industry at public and private universities, as well as primary and secondary schools across the state.
  • During the last 12 months, not-seasonally adjusted non-farm jobs were up 31,200 overall in South Carolina’s workforce.
1Seasonally Adjusted: Seasonal adjustment removes the effects of events that follow a more or less regular pattern each year (i.e. tourist-related hiring and school closings in the summer). These adjustments make it easier to observe the cyclical and other nonseasonal movements in data over time.

2Not Seasonally Adjusted: Effects of regular or seasonal patterns have not been removed from these data.

South Carolina’s Employment Situation: September 2012

In September, the state’s seasonally adjusted unemployment rate decreased to 9.1 percent from the August estimate of 9.6 percent. Over the month, the number of unemployed people dropped by 10,738 to 194,253. The September 2012 unemployment rate estimate was 1.1 percentage points lower than the year-ago rate of 10.2 percent. The estimated number of employed people increased by 13,329 to 1,940,026 in September, and the labor force climbed by an estimated 2,591 people to 2,134,279.

Nationally, the unemployment rate decreased from 8.1 percent in August to 7.8 percent in September. Employment increased 873,000 people. Of those newly employed, an estimated 582,000 went to work in part-time jobs for economic reasons.

South Carolina’s non-seasonally adjusted nonagricultural employment was estimated at 1,862,600, an increase of 6,400 over the month. Since September 2011, the number of jobs in the state was up 30,000 (about 1.6 percent). Nationally, the number of jobs was up approximately 1.4 percent from a year ago.

Employment by Industry
• September was the ninth out of the past 12 months in which the state experienced job growth. During the month, the industry gaining the most jobs was Government (15,500 jobs, 4.7 percent), mostly in the sub-sector of government education services.

• Other industries gaining jobs were Educational and Health Services (3,300 jobs, 1.5 percent) and Manufacturing (400 jobs, 0.2 percent). These gains were due to hiring completion for the fall school term, an increase in health care and social assistance demand and an increase in durable goods manufacturing.

• Industries losing jobs during the month included Leisure and Hospitality (-5,800, -2.6 percent); Trade, Transportation, and Utilities (-2,500 jobs, -0.7 percent); Professional and Business Services (-2,100 jobs, -0.9 percent); Construction (-1,900 jobs, -2.48 percent); Financial Activities (-200, -0.2 percent); and Information (-200, -0.7 percent). These industry job losses were due to the end of the summer tourism season, a decline for administrative and support services and a weakening in demand for specialty trade contractors.