Employment Situation for July 2016

For Immediate Release

Aug. 19, 2016

South Carolina’s Employment Situation July 2016

 Unemployment Rate Drops to 5.2 Percent,

Lowest Rate Since June 2001

South Carolina’s seasonally adjusted unemployment rate for July dropped to its lowest level since June 2001. The rate decreased to 5.2 percent in July from 5.4 percent in June.

Over the month, unemployment declined by 4,858 to 120,788, while employment declined by 2,430 people to 2,182,646. This resulted in a decrease in the labor force of 7,288 people to a total of 2,303,434. July’s numbers registered the third consecutive monthly decrease in the unemployment rate.

Over the year,  the unemployment rate fell 0.5 percentage points from 5.7 percent, with the number of unemployed down 8,310. The number of people employed increased by 60,603, and the labor force rose by 52,293.

Nationally, the unemployment rate remained the same from June to July at 4.9 percent.

Nonfarm Employment by Industry (Seasonally Adjusted1)

July’s seasonally adjusted, nonfarm payrolls increased by 2,700 over the month to a record level of 2,053,300.

The most prominent increases were in Professional and Business Services (+2,300) and Government (+2,100). Growth was also reported in Leisure and Hospitality (+800); Education and Health Services (+400); and Financial Activities (+100). The industries marking declines included Manufacturing (-1,000); Construction (-900); Trade, Transportation, and Utilities (-500); Other Services (-400); and Information (-200).

This month’s seasonally adjusted, nonfarm jobs were up by 46,100 compared to July 2015. Upswings in employment were recorded in Professional and Business Services (+14,400); Education and Health Services (+8,000); Government (+7,400); Construction (+5,500); Trade, Transportation, and Utilities (+3,400); Financial Activities (+3,400); Leisure and Hospitality (+3,000); and Manufacturing (+1,700). Other Services (-500) and Information (-400) fell slightly.

Nonfarm Employment by Industry (Not Seasonally Adjusted2)

With a drop of 14,200, not seasonally adjusted, nonfarm payroll employment in July hit a level of 2,053,100. Traditionally, decreases in employment during the summer months are due to seasonal layoffs and school closings.

Employment gains were noted in Trade, Transportation, and Utilities (+400); Leisure and Hospitality (+400); and Financial Activities (+100). Job loss occurred in Government (-11,200); Manufacturing (-1,500); Education and Health Services (-900); Other Services (-600); Construction (-600); Professional and Business Services (-200); and Information (-100). Mining and Logging remained the same.

Since July 2015, not seasonally adjusted, nonfarm jobs were up 45,400 overall with growth in Professional and Business Services (+14,900); Education and Health Services (+7,200); Government (+7,200); Construction (+5,800); Trade, Transportation, and Utilities (+3,800); Leisure and Hospitality (+3,100); Financial Activities (+2,400); Manufacturing (+2,200); and Mining and Logging (+200). Employment fell in Other Services (-900) and Information (-500).

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.

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Director Stanton’s statement on recent unemployment numbers

For Immediate Release

Aug. 19, 2016

DEW Executive Director Cheryl Stanton’s Statement

July 2016 Employment Statement

“We are encouraged to see the unemployment rate fall to levels not achieved in over 15 years. We also are heartened by the job growth we’ve experienced in the first half of the year as more than 32,000 people found jobs and are now providing for their families. This reflects the confidence businesses have in South Carolina’s workforce,” said Cheryl Stanton, executive director of the S.C. Department of Employment and Workforce. “We still have work to do matching the skills of the 120,000 unemployed to the job opportunities around the state.”

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About SCDEW

The South Carolina Department of Employment and Workforce is putting South Carolinians to work. The agency invests in building a pipeline of quality workers, matches workers with jobs, and is a bridge for individuals who find themselves out of work for no fault of their own. This promotes financial stability and economic prosperity for employers, individuals and communities. SCDEW is dedicated to advancing South Carolina through services that meet the needs of the state’s businesses, jobseekers and those looking to advance their careers.

Employment Situation for June 2016

Press release header

For Immediate Release

South Carolina’s Employment Situation
June 2016

Unemployment Rate Declines to 15 Year Low

The state’s seasonally adjusted unemployment rate decreased in June to 5.4 percent from 5.6 percent in May, marking its lowest level since July 2001.

South Carolina’s employment level reached another historic high with 2,185,181, gaining slightly in June as 109 people found work.

The number of unemployed decreased in June by nearly 4,270 to 125,591, which pushed the labor force down by 4,161 to 2,310,772 people. Over the year, 67,545 job seekers found work, and the level of unemployed individuals decreased by an estimated 7,250. Since June 2015, the labor force has grown by nearly 60,295 people.

Nationally, the unemployment rate increased by 0.2 percentage point to 4.9 percent in June as many people entered the labor force. The state’s unemployment rate has averaged 5.6 percent for the first six months of 2016.

Nonfarm Employment by Industry (Seasonally Adjusted1)

June’s seasonally adjusted, nonfarm payrolls increased by 5,200 over the month to a record high level of 2,051,100.

  • South Carolina saw gains in Professional and Business Services (+3,200); Government (+2,600); and Financial Activities (+1,400). Additional growth was also reported in Trade, Transportation, and Utilities (+200); Education and Health Services (+200); and Information (+100). Industries reporting declines were Manufacturing (-700); Leisure and Hospitality (-700); Other Services (-700); and Construction (-400).
  • Compared to a year ago, seasonally adjusted, nonfarm jobs were up 52,300 with increases occurring in the Professional and Business Services (+14,300); Education and Health Services (+8,300); Construction (+6,700); Government (+6,100); Trade, Transportation, and Utilities (+5,400); Leisure and Hospitality (+4,500); Manufacturing (+3,400); Financial Activities (+3,400); and Other Services (+200). Information (-100) saw a slight dip in payroll.

Nonfarm Employment by Industry (Not Seasonally Adjusted2)

Not seasonally adjusted, nonfarm payroll employment increased 5,200 from May 2016 to June 2016 for a total of 2,067,900. Growth was concentrated primarily in the Leisure and Hospitality (+5,300) sector.

  • Over-the-month increases also came from Professional and Business Services (+4,100); Trade, Transportation, and Utilities (+1,800); and Financial Activities (+1,600). Additional jobs were added in Construction (+700) and Information (+200). Job losses occurred in Government (-4,900); Education and Health Services (-2,900); Other Services (-600); and Manufacturing (-100). Mining and Logging remained the same.
  • Since June 2015, not seasonally adjusted, nonfarm jobs were up (+50,400) overall in South Carolina. Growth was experienced in Professional and Business Services (+16,900); Education and Health Services (+8,300); Construction (+6,400); Government (+5,000); Leisure and Hospitality (+4,300); Trade, Transportation, and Utilities (+4,100); Manufacturing (+3,100); Financial Activities (+2,600); and Mining and Logging (+100). The Information sector remained steady, while Other Services (-400) fell.

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.

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May 2016, Employment Situation

South Carolina’s Employment Situation May 2016

Employment Growth Remains Positive

The number of South Carolinians working continued its climb to a new record level in May, which helped push the seasonally adjusted unemployment rate down to 5.6 percent in May from 5.8 percent in April. The number of people employed increased by 2,988 to 2,184,782.

Also driving the rate lower was a decrease in the labor force. The number of unemployed individuals dropped by 4,493 over the month to 129,802. The labor force declined in May by 1,505 to 2,314,584 people.

Since May 2015, the number of people working increased by 71,401, and unemployment fell by 7,243 individuals. The labor force has grown by 64,158 people since a year ago.

Nationally, May’s unemployment rate fell from 5 percent to 4.7 percent as many people left the labor force.

 Nonfarm Employment by Industry (Seasonally Adjusted1)

Seasonally adjusted, nonfarm payrolls improved from April to May 2016 by 3,800 to a record high of 2,043,700.

Increases in South Carolina were primarily due to gains in Education and Health Services (+1,800) and Construction (+1,200). Additional growth was also seen in Government (+700); Professional and Business Services (+500); Leisure and Hospitality (+500); and Manufacturing (+300). Month-to-month declines were reported in Information (-500); Trade, Transportation, and Utilities (-300); Other Services (-300); and Financial Activities (-100).

Compared to May 2015, seasonally adjusted, nonfarm jobs were up by 47,300. Large increases occurred in Professional and Business Services (+11,500); Education and Health Services (+8,500); Construction (+6,500); Trade, Transportation, and Utilities (+6,100); Leisure and Hospitality (+4,800); Manufacturing (+4,100); Government (+3,400); Financial Activities (+2,000); and Other Services (+700). Information (-500) saw a slight dip.

 Nonfarm Employment by Industry (Not Seasonally Adjusted2)

Not seasonally adjusted, nonfarm payroll employment increased from April to May 2016 (+10,400) for a total of 2,060,500. Growth was reported in Leisure and Hospitality (+4,300); Professional and Business Services (+2,700); Trade, Transportation, and Utilities (+1,900); Education and Health Services (+800); Financial Activities (+700); Construction (+500); Manufacturing (+500); and Other Services (+100). Mining and Logging remained the same, while some jobs were lost in Government (-900) and Information (-200).

Since May 2015, not seasonally adjusted, nonfarm jobs were up overall in South Carolina’s workforce (+45,400). Strong annual gains came from Professional and Business Services (+13,000); Education and Health Services (+8,800); Construction (+6,000); Trade, Transportation, and Utilities (+5,500); Government (+3,900); Manufacturing (+3,700); Leisure and Hospitality (+2,700); Financial Activities (+1,800); Other Services (+300); and Mining and Logging (+200). Information (-500) fell.

SC’s January Unemployment Situation

Employment Growth Continues, Unemployment Rate Remains Unchanged

South Carolina’s seasonally adjusted unemployment rate in January remained unchanged at 5.5 percent from December 2015. However, the number of people working increased by 10,853, setting a new record of 2,149,850.

The state’s labor force increased by 11,070 to 2,274,500 people. Unemployment rose slightly by 217 people from December to January, bringing the number of unemployed to 124,650.

Since January 2015, employment gains totaled 50,114, and the level of the unemployed decreased by 22,128 people. Also over the past year, the labor force has grown by 27,986.

Nationally, January’s unemployment rate was 4.9 percent.

Read the full report employment here.

 

SC’s November Unemployment Situation

Employment Gains Set New Record, Unemployment Rate Continues to Fall

South Carolina’s seasonally adjusted unemployment rate fell for the sixth consecutive month, declining from 5.6 percent in October to 5.5 percent in November, a level not seen since August 2001.

The number of people working in South Carolina climbed in November, increasing by 9,147 to a record level of 2,137,493. Employment increased an estimated 71,202 people over the year, an all-time record increase for the state.

The number of unemployed individuals decreased in November by 2,743 to 123,913. Since November 2014, the level of unemployed has decreased by 22,664. The labor force increased by 6,404 to 2,261,406 people. Since November 2014, the labor force has grown substantially by nearly 48,538.

Nationally, the unemployment rate was unchanged at 5 percent over the month.

Read the full employment report here.

SC’s October Unemployment Situation

Unemployment Rate Continues to Drop, Employment Gains Remain Robust

The state’s seasonally adjusted unemployment rate fell for the fifth consecutive month, declining from 5.7 percent in September to 5.6 percent while the number of people working in South Carolina continued to surge. This unemployment rate is the lowest level since June 2007.

In October, the number of people employed increased by 7,886 to a record level of 2,128,894 while the number of unemployed individuals decreased by 2,395 to 126,577 and the labor force reflected a modest increase of 5,491 to 2,255,471.

Since October 2014, the unemployment total has decreased by 19,155 people, and the labor force has grown by 46,977. In addition, employment rose by 66,132 over the year, the largest 12-month gain since July 1983-84.

Nationally, the unemployment rate dropped from 5.1 percent to 5.0 percent.

Read the full employment report here.

 

SC’s September Employment Situation

Employment Sets New Record, Unemployment Rate Continues Rapid Descent

South Carolina’s seasonally adjusted unemployment rate fell to 5.7 percent from 6.0 percent, recording its lowest level since February 2008. This is the fourth consecutive month in which the rate has declined.

The unemployment rate has dropped 1.1 percent since May. This is the largest four-month drop since the unemployment rate dropped 1.7 percent from June to September 1983. Employment hit a new high with 2,121,326 people working, rising 7,092 from August to September. The number of unemployed individuals decreased by 6,607 to 128,508, the lowest level since April 2008. The labor force showed little change, increasing slightly by 485 to 2,249,834.

From September 2014 to September 2015, the number of people working rose by 62,548, while the level of unemployed decreased by 15,848 people. The labor force grew by nearly 46,700 individuals in the last year.

Nationally, the unemployment rate was unchanged at 5.1 percent.

Read the full employment report here.

SC’s August Employment Situation

Largest Unemployment Rate Decline Since August 1983

South Carolina’s seasonally adjusted unemployment rate recorded the largest one-month decline since 1983, falling from 6.4 percent in July to 6.0 percent in August. This marked the rate’s third consecutive monthly drop.

Employment set a new record in August, increasing 2,771 to 2,113,743 people. Labor force shrank marginally, down 5,139 to 2,249,028 people. The number of unemployed individuals decreased by 7,910 to 135,285 from July to August. This is the largest ever one-month drop in the data series since its inception in 1976.

From August 2014 to August 2015, the state’s employment level increased by 58,987 people; the labor force grew by 51,997; and the number of unemployed people decreased by 6,990.

Nationally, the unemployment rate fell from 5.3 percent in July to 5.1 percent in August.

Read the full employment report here.

SC’s July Employment Situation

Unemployment Rate Declines Again, Employment is up Over 59,000 Since a Year Ago

South Carolina’s seasonally adjusted unemployment rate decreased for the second consecutive month from 6.6 percent in June to 6.4 percent in July, which matches the unemployment rate from July 2014.

Employment levels from June to July declined by a modest 655 to 2,110,719. The number of unemployed individuals decreased in the last month by 5,284 to 143,447 and the labor force declined by 5,939 to 2,254,166.

From July 2014 to July 2015, the state’s employment level has increased by 59,672 and the number of unemployed has increased by 3,806. Over the year, the labor force has grown by 63,478 people.

Nationally, the unemployment rate was unchanged at 5.3 percent.

Read the full employment report here.