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South Carolina's Employment Situation April 2019

by Kristin Coulter | May 17, 2019

For Immediate Release

May 17, 2019

 

                                   South Carolina’s Employment Situation     

April 2019

Employment Expansion Continues

Unemployment Rate Ticks Up

The number of individuals working moved higher, by an estimated 6,704 people, compared to March of 2019, establishing a new record of 2,281,003.

Unemployment estimates increased over the month by 2,772 to 79,088 people. Additionally, the state’s seasonally adjusted unemployment rate ticked upward to 3.4 percent from March’s estimate of 3.2 percent.

The state’s labor force exceeded March’s estimate by approximately 9,476 to 2,360,091 people as more people entered the labor force looking for work.

Since April of 2018, employment gains moved noticeably higher by approximately 44,606 people. Likewise, the labor force estimate rose by nearly 41,806 people. The level of unemployed moved lower by about 2,800 people.

Nationally, the unemployment rate declined to 3.6 percent from March’s estimate of 3.8 percent.

Nonagricultural Employment by Industry (Seasonally Adjusted1)

In April 2019, seasonally adjusted, nonfarm payrolls increased by 6,700 over the month to a level of 2,178,500, a new record for the Palmetto State.

  • Increase in employment was primarily due to growth in the Professional and Business Services (+3,300) industry across the state.
  • Additional increases were seen in Other Services (+1,200); Government (+900); Trade, Transportation and Utilities (+400); Leisure and Hospitality (+400); Financial Activities (+300); Manufacturing (+200); Construction (+100); and Education and Health Services (+100).
  • Information marked a slight decline in employment over the month (-200).

From April 2018 to April 2019, South Carolina’s economy has added 42,300 seasonally adjusted nonfarm jobs.

  • Industries marking strong growth were Leisure and Hospitality (+8,700); Trade, Transportation, and Utilities (+8,700); Manufacturing (+8,100); Professional and Business Services (+7,000); Education and Health Services (+6,500); Government (+5,300); Financial Activities (+1,400); and Other Services (+700).
  • Decreases were seen in Construction (-3,600) and Information (-600).

Nonagricultural Employment by Industry (Not Seasonally Adjusted2)

Not seasonally adjusted, nonfarm payroll employment increased by 17,400 from March 2019 to April 2019 for a total of 2,181,700. Increases continued while businesses ramped up their hiring process during the spring season.

  • Industries seeing growth were Leisure and Hospitality (+9,600); Professional and Business Services (+3,800); Government (+1,700); Other Services (+1,400); Trade, Transportation, and Utilities (+700); Construction (+400); Manufacturing (+300); and Financial Activities (+200). Meanwhile, Mining and Logging industry remained flat.
  • Industries reporting losses were Education and Health Services (-500) and Information (-200).

     

    Since April 2018, not seasonally adjusted nonfarm jobs were up 39,500 in South Carolina.

  • Industries marking strong annual gains were Leisure and Hospitality (+9,000); Trade, Transportation, and Utilities (+8,700); Manufacturing (+8,400); Education and Health Services (+6,900); Government (+5,300); Professional and Business Services (+4,000); Other Services (+700); Financial Activities (+400); and Mining and Logging (+100).
  • Industries reporting declines were Construction (-3,200) and Information (-800).

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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