SC’s June Employment Situation

Unemployment Rate Falls; Nearly 2,100 People Find Employment in June

The state’s unemployment rate decreased to 6.6 percent in June from the May level of 6.8 percent. South Carolina’s employment level continued to improve in June as nearly 2,100 people found work. This marks 67 consecutive months that employment has increased, reaching another historic high of 2,112,034 people working.

After rising sixteen consecutive months, the labor force declined slightly from May to June by 2,307 to 2,260,791 people. The number of unemployed decreased by nearly 4,401 to 148,757.

The labor force has grown by 76,198 people over the last twelve months. Since June 2014 the level of unemployed individuals increased by 11,929 people. Since a year ago, 64,269 job seekers have found work.

Nationally, the unemployment rate declined from 5.5 percent in May to June’s estimate of 5.3 percent.

“Our economy is making phenomenal progress with 67 consecutive months of employment growth. Over the last 5½ years, there are more than 215,000 additional South Carolinians working, an expansion of more than 10 percent of the state’s workforce.”

Read the full employment report here.

SC’s May Employment Situation

Employment Growth Remains Vigorous; Labor Force Expansion Continues

South Carolina’s economic progress continued to impact employment and labor force estimates in May. The number of working South Carolinians reached another historic high to an estimated 2,109,984 people. 65,006 people have found work since May 2014.

The labor force increased by 7,459 people in May to 2,263,293, extending a growth trend to sixteen consecutive months. Over the last twelve months, the labor force has expanded by 84,003 people.

The state’s seasonally adjusted unemployment rate rose slightly to 6.8 percent in May from 6.7 percent in April, as the number of unemployed persons increased by 1,856 to 153,309. Since May 2014, the number of unemployed people has increased by 18,997.

Nationally, the unemployment rate increased from 5.4 percent in April to May’s estimate of 5.5 percent.

“I’m encouraged that 65,000 more South Carolinians are working today than a year ago,” said DEW Executive Director Cheryl M. Stanton. “The state’s economy continues to flourish, illustrated by 66 consecutive months of employment growth.”

Read the full employment report here.

SC’s April Employment Situation

Employment Continues to Soar – Exceeds 2.1 Million People for the First Time

The number of employed South Carolinians broke a major barrier for the first time in April exceeding the 2.1 million threshold. The number of South Carolinians working in April reached 2,104,590 people, an increase of 8,106 from March. During the first four months of 2015, people across the state entered the labor force at historic levels and found employment opportunities as the state’s economy continued expanding at a robust pace.

The labor force (people working and searching for work) was estimated at 2,256,118, an increase of 9,875 over the month, marking a record as well. The state’s seasonally adjusted unemployment rate remained at 6.7 percent, as the labor force expanded for the fifteenth consecutive month. The estimated number of unemployed persons was 151,528, showing modest increase since March of 1,769 people.

Nationally, the unemployment rate declined from 5.5 to 5.4 percent.

“The positive economy in South Carolina is drawing more and more people into the workforce as evidenced by this month’s record breaking number of citizens who are employed,” said SCDEW Executive Director Cheryl Stanton. “In the last month, nearly 10,000 South Carolinians entered the labor force showing that our state is optimistic about job opportunities.”

Read the full employment report here.

 

SC’s March Employment Situation

Labor Force Continues To Rise, Employment Sets Another Record

The number of South Carolinians working in March increased 5,838 and reached another historic high with an estimated 2,096,110 people. March marks the 64th consecutive month of employment growth in the Palmetto State.

The state’s seasonally-adjusted unemployment rate rose modestly to 6.7 percent in March from 6.6 percent in February, as the labor force expanded for the 14th consecutive month. The labor force numbered 2,245,987 people, an increase of 7,536 over the month. During the first quarter of 2015, the number of people entering the labor force marked an all-time high. The vast majority of the people are finding work. The estimated number of unemployed persons was 149,877, showing a slight increase since February of 1,698.

Nationally, the unemployment rate was unchanged at 5.5 percent.

“I’m excited about today’s jobs numbers because South Carolina’s economy continues to expand,” said Cheryl M. Stanton, executive director of the SC Department of Employment and Workforce. “The state has the most South Carolinians working ever, 64 consecutive months of employment growth and 14 consecutive months of labor force expansion.”

Read the full employment situation here.

South Carolina’s January 2015 Employment Situation

Employment Sets New Record – Continues Upward Momentum

In January, South Carolina broke yet another record for the number of people working as the total grew to 2,080,031, an increase of approximately 10,841 compared to December’s revised estimate.

The state’s seasonally adjusted unemployment rate held steady at 6.6 percent in January, showing no change from the revised December benchmarked estimate.

The unemployment rate has remained steady over the past four months, while employment and labor force estimates continue to expand.

The number of unemployed persons was 146,989, marking little change since December 2014. Nationally, the unemployment rate in January 2015 was little changed at 5.7 percent.

“January marks the 62nd consecutive month of employment growth in South Carolina,” said Cheryl M. Stanton, executive director of the S.C. Department of Employment and Workforce. “All of South Carolina should celebrate as the state’s economy continues to expand and add jobs. As a state, we must also work more strategically to align available workers with the more than 70,000 available jobs. Governor Haley’s SucceedSC plan that will train the state’s workforce in high-demand jobs will do just that.”

Read the full report, including county-level data, here.

 

South Carolina’s Employment Situation: December 2014

Unemployment Rate Drops; New Records Set in Employment and Labor Force

The state’s seasonally adjusted unemployment rate declined to 6.5 percent in December from November’s rate of 6.7 percent. The estimated number of South Carolinians working rose by 7,243 people to set a new record of 2,058,657.

The state’s labor force continued to expand with an increase of 4,459 people in December, setting another all-time high of 2,202,017. The estimated number of unemployed people decreased by 2,784 to 143,360.

Since December 2013, the labor force has increased by an estimated 33,793 people with 32,770 of them having found work. Also, the state’s unemployment rate has declined by 0.1 percentage points over the year.

Nationally, the December unemployment rate declined to 5.6 percent from November’s rate of 5.8 percent.

To see the full report including county-level data, please visit this page.

 

South Carolina’s Employment Situation: November 2014

Number of Employed South Carolinians Hits Record High; Labor Force Expands for Fifth Consecutive Month

The number of South Carolinians working reached a record high of 2,051,511 in November, while the labor force expanded for the fifth consecutive month.

The state’s seasonally adjusted unemployment rate remained at 6.7 percent, and the labor force increased by 5,563 people to an estimated all-time record of 2,197,756.

The number of South Carolinians employed rose by 5,908 since October. The number of unemployed decreased slightly by 345 people to 146,245.

“In November, South Carolina employers added 14,200 additional jobs to their payrolls, breaking the all-time record set in January 2008.,” said Cheryl M. Stanton, executive director of the SC Department of Employment and Workforce. ”Furthermore, there are a record number of people working in the labor force. This type of record-setting employment growth, along with labor force expansion, points to continued economic prosperity as the year winds down, and we look forward to 2015.”

An estimated 28,659 people have found work since the same time last year, and the labor force has increased by 27,592. Over the year, the state’s unemployment rate has declined by 0.1 percentage points.

Nationally, the November unemployment rate was unchanged at 5.8 percent.

Nonagricultural Employment by Industry (Seasonally Adjusted)

Non-farm payrolls (seasonally adjusted) in November increased 14,200 over the month, to a level of 1,965,400.

  • South Carolina’s top industry increases were in Professional and Business Services (+4,500); Leisure and Hospitality (+3,200); Government (+2,100); Trade, Transportation, and Utilities(+2,000); Manufacturing (+1,100); and Financial Activities (+1,000). Employment gains were also recorded in Information (+700) and Other Services (+500).
  • Declines were reported in Education and Health Services (-700) and Construction (-200).

Compared to a year ago, seasonally adjusted non-farm jobs were up 48,900.

  • Industries with noticeable gains were Professional and Business Services (+16,800); Leisure and Hospitality (+10,300); Manufacturing (+8,200); Trade, Transportation, and Utilities (+5,900); Education and Health Services (+4,300); and Government (+3,900). Smaller increases were reported in Construction (+600) and Information (+300).
  • Over-the-year, Other Services saw a decline (-1,300).

Nonagricultural Employment by Industry (Not Seasonally Adjusted)

Over the month, not-seasonally adjusted, non-farm payroll employment increased by 12,700 to

1,974,500. This increase followed as the trade industry begins its seasonal hiring. The notable gains were in Trade, Transportation, and Utilities (+5,400); Government (+3,500); Manufacturing (+2,300); Professional and Business Services (+2,300); Information (+800); Financial Activities (+800); Other Services (+600); and Education and Health Services (+300). Industries reporting decreases were Leisure and Hospitality (-2,100) and Construction (-1,200).

  • From November 2013 to November 2014, not-seasonally adjusted non-farm jobs were up 50,600.
  • Industries marking strong annual gains were Professional and Business Services (+20,100); Leisure and
  • Hospitality (+8,600); Manufacturing (+8,100); Trade, Transportation, and Utilities (+5,900); Education and Health Services (+4,400); and Government (+4,100). Information and Construction also saw slight gains (+200 each). The industries showing losses over the year were Other Services (-800); Financial Activities (-100); and Natural Resources and Mining (-100).

To see the full report, including county-level data, visit this page.

 

 

South Carolina’s Employment Situation: October 2014

 Labor Force Hits Record High

In October, South Carolina’s labor force hit an all-time high, while the state’s seasonally adjusted unemployment rate increased slightly to 6.7 percent.

From September to October 2014, the labor force noted an increase of 9,487 people, which marked a historic level of 2,192,212.

The October unemployment rate ticked up from 6.6 percent in September as the estimated number of unemployed was 146,713, an increase of 2,291 people over the month. The number of South Carolinians working grew by an estimated 7,196 people to 2,045,499.

Over the last year, more than 25,000 people have found work. Since October 2013, the labor force has increased by nearly 18,791 people, and the state’s unemployment rate has declined by approximately 0.3 percentage points.

Nationally, the unemployment rate decreased to 5.8 percent in October from 5.9 percent in September.

Nonagricultural Employment by Industry (Seasonally Adjusted)

 In October, seasonally adjusted, non-farm payrolls increased by 4,900, to reach 1,949,600.

  •  Healthy increases occurred in Education and Health Services (+2,600) and Manufacturing (+2,100).
  • Additional job gains were reported in Professional and Business Services (+600); Government (+500); and Leisure and Hospitality (+200).

Since October 2013, seasonally adjusted non-farm jobs were up 37,200.

 

  •  Industries with noticeable gains were Professional and Business Services (+12,000); Leisure and Hospitality (+8,300); Manufacturing (+7,600); Education and Health Services (+6,100); Trade, Transportation, and Utilities (+4,300); and Government (+2,400). There was a smaller increase in Construction (+300).
  • Other Services (-1,600); Financial Activities (-1,500); and Information (-700) declined.

Nonagricultural Employment by Industry (Not-Seasonally Adjusted)

 The not-seasonally adjusted, non-farm payroll employment in October 2014 increased 12,700 since September to 1,960,200. Employment usually increases during the month of October as state and local schools complete staffing for the school year.

The rise in employment was primarily due to increases in Government (+4,100); Professional and Business Services (+2,800); Trade, Transportation, and Utilities (+2,700); Education and Health

Services (+2,600); Manufacturing (+1,800); and Construction (+1,100). Leisure and Hospitality (-2,200) along with Other Services (-100) and Information (-100) fell.

From October 2013 to October 2014, not-seasonally adjusted non-farm jobs were up 41,000 overall.

Strong annual gains came from Professional and Business Services (+15,500); Leisure and Hospitality (+8,900); Manufacturing (+7,000); Trade, Transportation, and Utilities (+5,700); Education and Health

Services (+5,500); Government (+2,500); and Construction (+100). The industries showing losses over the year were Financial Activities (-1,900); Other Services (-1,500); and Information (-800).

*Seasonally 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.

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

Employer Unemployment Tax Update

2015 Tax Rate Table Released

2015taxratebanner

The unemployment insurance (UI) tax rates applicable for wages paid between January 1, 2015 and December 31, 2015 were released today and are shown in the table below. A Notice of Contribution Rate detailing individual rates will be distributed by mail to each employer in the coming weeks. Individual rates are based on an employer’s computed benefit ratio. The tax rate class assignment in the notice should be used for the full calendar year. Please note that as of January 1, 2015, tax rates will be applicable to the first $14,000 each employee earns.

tax table

Third Quarter Wage and Contribution Reports Due 

october31Third quarter Wage and Contribution Reports (regarding wages paid between July and September) are due Oct. 31. Third Quarter Wage and Contribution Reports Due

DEW does not mail Quarterly Contribution and Wage Reports. We offer two convenient methods for employers to file online through either the SCBOS or the South Carolina Automated Tax System.

The following are examples of wages that should be included in your report:

  • All payments made for personal service, including bonuses and commissions paid to all workers of all ranks, including corporate officers.
  • The cash value of all payments in any medium other than cash.
  • All tips.
  • Reasonable compensation for services provided, including K-1 distributions.
  • Monies paid for time lost due to sickness or accident, unless paid out of benefit funds or other special accounts.
  • Expense allowances, which are not regularly and reasonably segregated.
  • Dismissal wages, which do not represent the worker’s interest in a pension fund.
  • All monies paid before any deductions for such items as lodging, union dues, employee payments to pension or benefit funds, Social Security tax, and premiums on group insurance.

For questions visit dew.sc.gov/UITax or call the UI Tax Division at 803.737.3080

 

South Carolina’s Employment Situation: September 2014

 Unemployment Rate Increases for Third Consecutive Month

The state’s seasonally adjusted unemployment rate increased to 6.6 percent in September from a revised August level of 6.3 percent. The number of unemployed persons was 144,388, an increase of 6,437 over the month. The number of South Carolinians working ticked up by 2,527 people to 2,038,393. Over the month, the labor force increased by 8,964 people to a level of 2,182,781.

Since September 2013, 21,259 people have found work, and the labor force has increased by nearly 6,640 people. The state’s unemployment rate has declined by 0.7 percentage points since September 2013.

Nationally, the unemployment rate decreased to 5.9 percent in September from 6.1 percent in August.

 Nonagricultural Employment by Industry (Seasonally Adjusted)

Seasonally adjusted, non-farm payrolls in September increased 13,000 to a level of 1,946,200.

  • Leisure and Hospitality (+3,700) and Professional and Business Services (+2,900) had the largest gains.
  • Construction (+1,800); Manufacturing (+1,400); Government (+1,400); Trade, Transportation, and Utilities (+1,100); Financial Activities (+400); and Education and Health Services (+300) also posted increases.

Since September 2013, seasonally adjusted non-farm jobs were up 43,200.

  • The largest jumps were in Leisure and Hospitality (+11,800); Professional and Business Services (+10,200); Manufacturing (+7,600); Education and Health Services (+6,200); Trade, Transportation, and Utilities (+5,600); Construction (+3,200); and Government (+1,000).
  • Declines over the year were in Other Services (-900); Financial Activities (-700); and Information (-700).

Nonagricultural Employment by Industry (Not Seasonally Adjusted)

The not-seasonally adjusted, non-farm payroll employment total in September increased 18,600 over the month to 1,949,000. Historically, employment has experienced growth during September as schools gear up for the semester.

The rise in employment was due to increases in Government (+21,200); Education and Health Services (+3,000); Professional and Business Services (+2,000); Manufacturing (+1,200); and Construction (+200). Industries reporting decreases were Leisure and Hospitality (-5,900); Trade, Transportation, and Utilities (-2,100); Other Services (-500); Information (-400); and Financial Activities (-100).

Since September 2013, not-seasonally adjusted non-farm jobs were up 37,800 overall. Strong annual gains came from Professional and Business Services (+10,800); Leisure and Hospitality (+8,300); Manufacturing (+7,600); Education and Health Services (+6,200); Trade, Transportation, and Utilities (+4,200); Government (+2,200); and Construction (+1,600). Notable drops over the year were reported in Other Services (-1,500); Financial Activities (-900); and Information (-600).

 *Seasonally 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.

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