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South Carolina's employment situation for February 2017

by Kristin Coulter | Mar 24, 2017

For Immediate Release

South Carolina’s Employment Situation    

February 2017

Largest One-Month Increase in Employment Growth

Unemployment Rate Steady

  South Carolina in February experienced the largest one-month increase in the number of individuals working in its history.

Employment climbed by 10,645, bringing the total employed for February  to 2,219,833 people. The state’s labor force, which rose for the second consecutive month, increased in February by 12,380 to 2,323,023 people, and the majority of those entering the workforce found jobs.

The state’s seasonally adjusted unemployment rate showed no change over the month, remaining at 4.4 percent, as the number of unemployed increased by 1,735 to 103,190.

Since February 2016, South Carolina employment gained 48,846 people, and the level of unemployed has decreased by 20,902.

Nationally, February’s unemployment rate fell from 4.8 percent in January to 4.7 percent.

Nonfarm Employment by Industry (Seasonally Adjusted1)

 February seasonally adjusted, nonfarm payroll employment decreased by 1,800 over the month to a level of 2,074,300.

  • Job gains were reported in Trade, Transportation, and Utilities (+2,100); Manufacturing (+1,500); and Professional and Business Services (+1,400).
  • Information remained steady.
  • Industries registering decreases were Construction (-2,600); Education and Health Services (-1,500); Financial Activities (-1,300); Leisure and Hospitality (-500); Other Services (-500); and Government (-400).

Compared to February 2016, seasonally adjusted, nonfarm jobs were up 32,000.

  • Industries experiencing growth were Trade, Transportation, and Utilities (+7,800); Manufacturing (+6,200); Professional and Business Services (+6,100); Education and Health Services (+5,500); Construction (+3,300); Government (+2,000); and Financial Activities (+1,500).
  • Other Services remained the same.
  • Decreases in the last year were reported in Information (-300) and Leisure and Hospitality (-300).

Nonfarm Employment by Industry (Not Seasonally Adjusted2)

Not seasonally adjusted, nonfarm payroll jobs increased by 11,500 from January 2017 to February 2017 for a total of 2,050,200. 

Improvements were reported in Government (+4,200); Professional and Business Services (+3,400); Leisure and Hospitality (+3,300); Education and Health Services (+2,400); and Manufacturing (+1,000). Information saw a slight increase (+200), while Mining and Logging remained the same. Construction (-1,400); Financial Activities (-900); Other Services (-400); and Trade, Transportation, and Utilities (-300) all measured losses.

The over-the-year, not seasonally adjusted, nonfarm jobs were up 35,700 overall. Several industries marked strong annual gains: Trade, Transportation, and Utilities (+8,400); Education and Health Services (+7,000); Professional and Business Services (+5,700); Manufacturing (+5,500); Construction (+4,400); Government (+2,700); and Financial Activities (+1,300). Additional gains were in Other Services (+400); Leisure and Hospitality (+200); and Mining and Logging (+200). Information (-100) decreased slightly.

1Seasonally Adjusted: Seasonal adjustment removes the effects of events that follow a more or less regular pattern each year (i.e. tourist-related hiring and school closings in the summer). These adjustments make it easier to observe the cyclical and other nonseasonal movements in data over time.

 

2Not Seasonally Adjusted: Effects of regular or seasonal patterns have not been removed from these data.

 

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