LMI August Issue

South Carolina Data

TRENDS

August 2021 Issue SC Department of Employment and Workforce Labor Market Information Division Columbia, South Carolina 29202

dew.sc.gov scworkforceinfo.com

SC Department of Employment and Workforce Labor Market Information Division Columbia, South Carolina 29202

dew.sc.gov scworkforceinfo.com

South Carolina Nonfarm Employment Trends For August — Seasonally Adjusted The Current Employment Survey of businesses in South Carolina marked an increase of 3,100 nonfarm payroll jobs over the month to a level of 2,137,800.

•

Industries that reported gains were in the Government (+5,900); Leisure and Hospitality (+2,500); Construction (+500); Professional and Business Services (+500); Information (+400); and Manufacturing (+200) industry.

•

Decreases were observed in the Education and Health Services (-5,300); Other Services (-1,300); and Financial Activities (-200) industry.

•

Retail Trade has a decrease (-300).

•

Trade, Transportation, and Utilities remained flat.

From August 2020 to August 2021, South Carolina’s economy has picked up 68,500 seasonally adjusted nonfarm jobs.

•

Industries with strong growth was reported in the Leisure and Hospitality (+26,500); Trade, Transportation, and Utilities (+14,400); Construction (+7,900); Manufacturing (+7,200); Education and Health Services (+4,600); Government (+4,500); Professional and Business Service (+3,400); Other Services (+1,800) and Information (+1,000) industry.

•

The Retail Trade industry increased (+8,700) over the year.

•

There was a decline noticed in the Financial Activities (-2,800) industry.

For the Metropolitan Statistical Areas, seasonally adjusted, total nonfarm payroll job increases were seen in Greenville (+2,100); Charleston (+1,100); Myrtle Beach (+900); Florence (+700); and Columbia (+500). Areas that saw a decline were seen in Hilton Head (-1,200); Sumter (-200); and Spartanburg (-100).

Over the year, all the Metropolitan Statistical Areas saw an increase in seasonally adjusted payroll. Leading with employment gains were Charleston (+15,800); Greenville (+12,800); Myrtle Beach (+5,900); Spartanburg (+5,800); Columbia (5,600); Hilton Head (+4,100); Florence (+1,600); and Sumter (+1,500).

To see the monthly not seasonally adjusted data series, go to www.SCWorkforceInfo.com (Employment and Wage Data section)

SOUTH CAROLINA DEPARTMENT OF EMPLOYMENT AND WORKFORCE

Page 3

South Carolina Economic Indicators

S.C. Job Postings by Industry, August 2021 NAICS CODE

INDUSTRY

JOB POSTINGS

Health Care and Social Assistance

16,118

Retail Trade

10,378

Accommodation and Food Services

8,447

Manufacturing

5,316

52

Finance and Insurance

5,204

54

Professional, Scientific, and Technical Services

4,455

61

Educational Services

3,180

56

Administrative and Support and Waste Management

2,938

92

Public Administration

62 44-45

S.C. Average Weekly Wage by Industry Group, 2020 Q4 INDUSTRY GROUP

AVG. PERC CHG WEEKLY FROM YR WAGE AGO

Total, All Industries

$959

4.1%

Natural Resources and Mining

$850

2.3%

Construction

$1,077

1.2%

Manufacturing

$1,192

0.7%

$857

3.1%

Information

$1,649

23.5%

Financial Activities

$1,562

4.9%

2,887

Professional and Business Services

$1,091

2.2%

Transportation and Warehousing

2,422

Education and Health Services

$970

4.2%

53

Real Estate and Rental and Leasing

2,078

Leisure and Hospitality

$371

3.1%

23

Construction

1,628

Other Services

$712

4.7%

51

Information

1,562

Public Administration

$919

0.5%

81

Other Services (except Public Administration)

1,344

42

Wholesale Trade

852

71

Arts, Entertainment, and Recreation

710

22

Utilities

384

21

Mining, Quarrying, and Oil and Gas Extraction

150

11

Agriculture, Forestry, Fishing and Hunting

119

55

Management of Companies and Enterprises

103

72 31-33

48-49

Trade, Transportation and Utilities

Source: DEW, Quarterly Census of Employment and Wages (QCEW)

Source: Labor Insight Jobs (Burning Glass Technologies)

SOUTH CAROLINA DEPARTMENT OF EMPLOYMENT AND WORKFORCE

Page 5

South Carolina Economic Indicators, cont.

$260,000

S.C. Gross Domestic Product

Millions of Current Dollars

$250,000

$240,000

$230,000

$220,000

$210,000

$200,000

Source: U.S. Bureau of Economic Analysis

S.C. Labor Force Participation Rate 59.0

Percent of Civilian Nonins�tu�onal Popula�on

58.8 58.6 58.4 58.2 58.0 57.8 57.6 57.4

57.3%

57.2 57.0 56.8 56.6 56.4 56.2 56.0

Source: DEW, Local Area Unemployment Statistics (LAUS) SC Department of Employment and Workforce Labor Market Information Division Columbia, South Carolina 29202

dew.sc.gov scworkforceinfo.com

S.C. Unemployment Trust Fund Report Balance $1,400,000,000 $1,200,000,000 $1,000,000,000

Balance

$800,000,000 $600,000,000 $400,000,000 $200,000,000

Jul-21

Aug-21

Jun-21

May-21

Apr-21

Feb-21

Mar-21

Jan-21

Dec-20

Nov-20

Oct-20

Sep-20

Jul-20

Aug-20

Jun-20

Apr-20

May-20

Feb-20

Mar-20

Jan-20

Dec-19

Nov-19

Oct-19

Sep-19

Jul-19

Aug-19

Jun-19

Apr-19

May-19

$0

Source: U.S. Department of the Treasury, Bureau of the Fiscal Service

S.C. Monthly Unemployment Claims Statistics

800,000

60,000

700,000

50,000

40,000

500,000 400,000

30,000

300,000

20,000

Exhaused Benefits

Ini�al Claims & Weeks Claimed

600,000

200,000 10,000

100,000 0

Aug-20 Sep-20

Oct-20 Nov-20 Dec-20 Jan-21

Ini�al Claims

Feb-21 Mar-21 Apr-21 May-21 Jun-21

Weeks Claimed

Jul-21

Aug-21

0

Exhaused Benefits

Source: U.S. Department of Labor

SOUTH CAROLINA DEPARTMENT OF EMPLOYMENT AND WORKFORCE

Page 7

Find more information at

scworkforceinfo.com

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DATA TRENDS is prepared by the LMI Division of the S.C. Department of Employment and Workforce with funding provided by the US Department of Labor. Featured data is prepared in conjunction with the Bureau of Labor Statistics and current month estimates are always preliminary, with all previous data subject to revision.

SC Department of Employment and Workforce Labor Market Information Division Columbia, South Carolina 29202

dew.sc.gov scworkforceinfo.com