Skip to Main Content

South Carolina

aerial view of South Carolina

Payroll employment in South Carolina increased 3,300 jobs (0.1 percent) in May. The unemployment rate increased to 3.4 percent.

Download Full PDF

Labor market icon showing three people Labor Market Conditions

  • "South Carolina added 3,300 jobs in May and grew the labor force by 5,800. All but two sectors in the state added jobs in May." – Laura Ullrich
  • Payroll employment in South Carolina increased 3,300 jobs (0.1 percent), on net, in May. The manufacturing sector had the largest increase in jobs month-over month (1,100 jobs) followed by construction (1,000 jobs), professional and business services (900 jobs), government (900 jobs), and education and health services (100 jobs). Payroll employment remained flat in the financial activities sector. The leisure and hospitality and trade, transportation and utilities sectors lost jobs in May, seeing declines of 1,400 and 700 jobs respectively.
  • On a year-over-year basis, payroll employment in South Carolina increased by 80,400 jobs (3.5 percent), on net.
  • The labor force in South Carolina continues to grow, increasing by 5,800. The unemployment rate in South Carolina increased to 3.4 percent in May, up from 2.9 percent a year ago.

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

  • Residential permitting activity increased 7.9 percent in South Carolina from April to May and was up 6.2 percent from its level a year ago.
  • According to the Federal Housing Finance Agency, home values in South Carolina appreciated 8.3 percent from the fourth quarter of 2022 to the fourth 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.

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.

Phone Icon Contact Us

Jacob Walker (804) 697-8128