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South Carolina

aerial view of South Carolina

South Carolina payroll employment gained 1,900 jobs (0.1 percent) in December. The unemployment rate remained at 3.0 percent.

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Labor market icon showing three people Labor Market Conditions

  • South Carolina payroll employment gained 1,900 jobs (0.1 percent), on net, in December. The most jobs were added in transportation, trade, and utilities (2,400 jobs). The most jobs were lost in leisure and hospitality (1,900 jobs).
  • Since December 2022, total payroll employment increased by 59,600 jobs (2.6 percent), on net. Employment in the state was up 5.9 percent from before the pandemic (February 2020). The most jobs were added year-over-year in education and health services (15,200 jobs). Manufacturing experienced the largest decline (100 jobs).
  • The unemployment rate in South Carolina remained at 3.0 percent and was 0.3 percentage point below its reading from a year ago. The December unemployment rate was 0.1 percentage point above its pre-pandemic February 2020 reading.

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

  • Residential permitting activity decreased 17.9 percent in South Carolina from October to November but was up 5.1 percent from its level a year ago.
  • According to the Federal Housing Finance Agency, home values in South Carolina appreciated 8.6 percent from the third quarter of 2022 to the third quarter of 2023.
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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