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South Carolina

aerial view of South Carolina

Total payroll employment in South Carolina increased by 9,000 jobs (0.4 percent) in July. The unemployment rate rose slightly to 4.2 percent.

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Labor Market Conditions

"Job growth in South Carolina accelerated in July, led by strong job gains in professional and business services and leisure and hospitality." – Bethany Greene
Payroll employment in South Carolina increased by 9,000 jobs (0.4 percent), on net, during the month. Job gains were led by professional and business services (3,800 jobs), leisure and hospitality (2,200 jobs) and government (1,600 jobs). There were some employment declines in manufacturing (800 jobs) and construction (600 jobs).
On a yearly basis, payroll employment grew by 79,000 jobs (3.4 percent). Annual job growth was led by professional and business services (21,700 jobs), education & health services (16,100 jobs) and leisure and hospitality (13,100 jobs). Manufacturing employment declined by 400 jobs on an annual basis.
The unemployment rate in South Carolina is currently 4.2 percent, inching up slightly by 0.1 percentage point in July. The labor force continued to grow robustly, with 6,800 workers added during the month.

Housing Market Conditions

Residential permitting activity shrunk 11.6 percent from June 2025 to July 2025 and decreased 18.1 percent from July 2024 to July 2025.
According to the Federal Housing Finance Agency, home values increased in Q2 of 2025 by 0.4 percent compared to Q1 of 2025. Compared to Q2 of 2024, home values grew 3.5 percent in Q2 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.

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Joseph Mengedoth