LMI July Issue

South Carolina Data

TRENDS

July 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 July—Seasonally Adjusted The Current Employment Survey of businesses in South Carolina marked an increase of 20,100 nonfarm payroll jobs over the month to a level of 2,139,400.

•

Industries that reported gains were in the Leisure and Hospitality (+9,300); Government (+5,100); Construction (+2,600); Manufacturing (+1,700); Professional and Business Services (+1,000); Financial Activities (+600); and Other Services (+400) industry.

•

Decreases were observed in the Trade, Transportation, and Utilities (-300); Information (-200); and Education and Health Services (-100) industry.

•

Retail Trade had a decrease of (-500).

From July 2020 to July 2021, South Carolina’s economy has picked up 98,000 seasonally adjusted nonfarm jobs.

•

Industries with strong growth was reported in the Leisure and Hospitality (+27,700); Trade, Transportation, and Utilities (+18,800); Government (+13,600); Manufacturing (+9,700); Education and Health Services (+9,500); Professional and Business Services (+8,100); Construction (+7,500); Other Services (+3,800) and Information (+700) industry.

•

There was a decline noticed in the Financial Activities (-1,500) industry.

•

Retail Trade increased (+11,900) over the period.

For the Metropolitan Statistical Areas, seasonally adjusted, total nonfarm payroll job increases were seen in Greenville (+3,800); Columbia (+2,300); Charleston (+1,700); Myrtle Beach (1,500); Florence (+400); Sumter (+400); Hilton Head (+300) and Spartanburg (+200).

Over the year, all the Metropolitan Statistical Areas saw an increase in seasonally adjusted payroll.

Leading with employment gains were Charleston (+20,800); Greenville (+18,300); Spartanburg (+9,500); Columbia (+9,000); Myrtle Beach (+8,000); Hilton Head (+6,300); Florence (+2,400) and Sumter (+2,300).

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, July 2021 NAICS CODE

S.C. Job Postings by Industry, July 2021

JOB POSTINGS

NAICS CODE

Health Care and Social Assistance

17,189

53

Real Estate and Rental and Leasing

1,959

Retail Trade

10,278

23

Construction

1,632

Accommodation and Food Services

8,864

51

Information

1,626

Manufacturing

5,411

81

Other Services (except Public Administration)

1,322

52

Finance and Insurance

5,192

42

Wholesale Trade

800

54

Professional, Scientific, and Technical Services

4,422

71

Arts, Entertainment, and Recreation

663

56

Administrative and Support and Waste Management and Remediation Services

3,041

22

Utilities

348

21

208

Educational Services

3,022

Mining, Quarrying, and Oil and Gas Extraction

11

Agriculture, Forestry, Fishing and Hunting

132

55

Management of Companies and Enterprises

103

62 44-45 72 31-33

61 92 48-49

INDUSTRY

Public Administration Transportation and Warehousing

2,751 2,498

Source: Labor Insight Jobs (Burning Glass Technologies) SC Department of Employment and Workforce Labor Market Information Division Columbia, South Carolina 29202

INDUSTRY

JOB POSTINGS

Source: Labor Insight Jobs (Burning Glass Technologies)

dew.sc.gov scworkforceinfo.com

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

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

AVG. PERC CHG WEEKLY FROM YR WAGE AGO

AVG. PERC CHG WEEKLY FROM YR WAGE AGO

INDUSTRY GROUP Total, All Industries

$1,034

5.8%

$970

1.1%

Construction

$1,270

Manufacturing

INDUSTRY GROUP Education and Health Services

$1,082

5.3%

Leisure and Hospitality

$409

5.4%

4.5%

Other Services

$804

10.9%

$1,283

2.3%

Public Administration

$1,008

0.4%

$914

2.4%

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

Information

$1,493

11.1%

Financial Activities

$1,441

11.0%

Professional and Business Services

$1,208

7.5%

Natural Resources and Mining

Trade, Transportation and Utilities

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

SOUTH CAROLINA DEPARTMENT OF EMPLOYMENT AND WORKFORCE

Page 5

South Carolina Economic Indicators, cont.

S.C. Gross Domestic Product $260,000

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 57.2%

57.2 57.0 56.8 56.6 56.4 56.2

Ju n21

ay -2 1 M

Ap r-2 1

ar -2 1 M

Fe b21

Ja n21

D ec -2 0

N ov -2 0

O ct -2 0

Se p20

Au g20

0 Ju l-2

Ju n20

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

Jun-21

Apr-21

May-21

Mar-21

Jan-21

Feb-21

Dec-20

Nov-20

Oct-20

Sep-20

Aug-20

Jul-20

Jun-20

May-20

Apr-20

Mar-20

Jan-20

Feb-20

Dec-19

Oct-19

Nov-19

Sep-19

Aug-19

Jul-19

Jun-19

May-19

Apr-19

Mar-19

$0

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

S.C. Monthly Unemployment Claims Statistics 900,000

60,000

800,000 50,000

600,000

40,000

500,000 30,000

400,000 300,000

20,000

Exhaused Benefits

Ini�al Claims & Weeks Claimed

700,000

200,000 10,000

100,000 0

0 Jun-20

Jul-20

Aug-20 Sep-20

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

Ini�al Claims

Weeks Claimed

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

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