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South Carolina

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South Carolina gained 8,900 jobs (0.4 percent) in January. The unemployment rate fell 0.1 percentage point to 3.2 percent.

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Labor market icon showing three people Labor Market Conditions

  • South Carolina gained 8,900 jobs (0.4 percent), on net, in January. The most jobs were lost in financial services (1,200 jobs). The most jobs were added in education and health services (3,300 jobs).
  • Since January 2022, total payroll employment increased by 72,100 jobs (3.3 percent), on net. Employment in the state was up 3.6 percent from before the pandemic (February 2020). Jobs were added over the year in all industries. The most jobs were added over the year in education and health services (15,400 jobs).
  • The unemployment rate in South Carolina fell 0.1 percentage point to 3.2 percent in January and was 0.1 percentage point below its reading from January 2022. However, the South Carolina unemployment rate was 0.3 percentage point above its pre-pandemic February 2020 reading.

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

  • Residential permitting activity increased 2.8 percent in South Carolina from December to January but was down 26.8 percent from its year-ago level.
  • According to the Federal Housing Finance Agency, home values in South Carolina appreciated 17.1 percent from the fourth quarter of 2021 to the fourth quarter of 2022.
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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