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South Carolina

aerial view of South Carolina

Payroll employment in South Carolina increased 6,900 jobs (0.3 percent) in June. The unemployment rate increased to 3.6 percent.

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Labor Market Conditions

"South Carolina added another 6,900 jobs in June and grew their labor force by nearly 10,000 people." – Laura Ullrich
Payroll employment in South Carolina increased 6,900 jobs (0.3 percent), on net, in June. The professional and business services sector had the largest increase in jobs month-over month (2,600 jobs) followed by education and health services (2,100 jobs), government (1,700 jobs), manufacturing (1,400 jobs), financial activities (200 jobs), and trade, transportation and utilities (200 jobs). Two sectors in South Carolina lost jobs in June, with construction losing 500 jobs and leisure and hospitality losing 200 jobs.
On a year-over-year basis, payroll employment in South Carolina increased by 79,600 jobs (3.5 percent), on net.
The labor force in South Carolina continues to grow, increasing by an impressive 9,800 in June. The unemployment rate in South Carolina increased to 3.6 percent in June, up from 2.8 percent a year ago.

Housing Market Conditions

Residential permitting activity fell by 7.3 percent from May to June but has increased by 10.9 percent from June 2023 to June 2024.
According to the Federal Housing Finance Agency, home values increased by 0.3 percent from Q1 of 2023 to Q1 of 2024. Compared to a year ago, the value of a home grew by 7.9 percent.

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.

Contact Us

Joseph Mengedoth (804) 762-2285