Skip to Main Content
Federal Reserve Bank of Richmond
Menu

South Carolina

aerial view of South Carolina

Payroll employment in South Carolina increased by 1,200 jobs (0.0 percent) in November. The unemployment rate is currently 4.6 percent, inching up slightly by 0.2 percentage point between September and November.

Download Full PDF

Labor market icon showing three people Labor Market Conditions

  • "Payroll employment gains in South Carolina were either flat or negative for most industries in November." – Bethany Greene
  • Total payroll employment in South Carolina increased by 1,200 jobs (0.0 percent), on net, during November. Most of these job gains were in professional and business services (2,000 jobs) while other industries mostly experienced either flat or negative growth. Overall job gains were partially offset by declines in government (700 jobs), financial activities (600 jobs), manufacturing (500 jobs), and construction (300 jobs).
  • On a yearly basis, payroll employment grew by 48,400 jobs (2.0 percent). Annual job growth was led by leisure and hospitality (15,500 jobs), education & health services (9,000 jobs) and trade, transportation and utilities (8,800 jobs). Manufacturing employment declined by 2,500 jobs on an annual basis.
  • The unemployment rate in South Carolina is currently 4.6 percent, inching up slightly by 0.2 percentage point between September and November. (October data is not available.)

Housing Market icon showing a picture of a house Housing Market Conditions

  • Residential permitting activity shrunk 2.9 percent from July 2025 to August 2025 and decreased 2.8 percent from August 2024 to August 2025.
  • According to the Federal Housing Finance Agency, home values increased in Q3 of 2025 by 1.5 percent compared to Q2 of 2025. Compared to Q3 of 2024, home values grew 4.7 percent in Q3 of 2025.
Snapshot Resources
  • Term Definitions

    Payroll Employment
    The number of nonfarm jobs (persons on payrolls) according to where those jobs are located.

    Unemployment Rate
    The number of unemployed persons (those not employed but available and searching for work) as a percent of the civilian labor force (the total number of employed plus unemployed persons).

    Industry Structure
    A breakdown of total nonfarm jobs by industry. Percentages sum to 100 percent.

    Industry Growth
    The percentage change in jobs in each industry from a year ago.

    Building Permits
    The number of privately owned single-family and multi-family units authorized in permit-issuing places.

    House Price Index
    A repeat sales index, measuring average price changes in repeat sales or refinancings on the same single-family properties.

Subscribe to Economic Data

Receive an email notification when regional surveys and reports are posted online:

Subscribe to Economic Data

By submitting this form you agree to the Bank's Terms & Conditions and Privacy Notice.

Contact Icon Contact Us
Joseph Mengedoth