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South Carolina's Employment Situation July 2019

by Dorothy Weaver | Aug 16, 2019

For Immediate Release

August 16, 2019

 
South Carolina’s Employment Situation     

July 2019

Number of South Carolinians Working Continues to Rise

Manufacturing Industries Marking Strong Employment Growth

 

I. Household Survey1

Employment: The monthly survey of households across the state estimated the number of South Carolinians working moved significantly higher, establishing a new record of 2,297,651.

  • That is an increase of 6,484 people over June.
  • That is also an increase of 54,179 people over July 2018.

Unemployment: Unemployment estimates decreased to 81,750 people.

  • That is a decrease of 1,750 people since June 2019 and an increase of 5,602 over July 2018.
  • With that decrease, the state’s seasonally adjusted unemployment rate moved lower over the month, from 3.5 percent in June to 3.4 percent in July.
  • Nationally, the unemployment rate was unchanged at 3.7 percent.

Labor force: The state’s estimated labor force (people working plus unemployed people looking for work) increased to 2,379,401.

  • That increase continues an upward trend for the seventh consecutive month.
  • That is an increase of 4,734 people since June.
  • That is an increase of 59,781 individuals over July 2018.

II. Current Employment Survey2

Nonagricultural Payroll Employment by Industry (Seasonally Adjusted3)

The Current Employment Survey of businesses in South Carolina marked an increase of 2,000 nonfarm payroll jobs over the month to a record high level of 2,179,300.

  • Industries reporting increases in employment were reported in Manufacturing (+1,900); Trade, Transportation and Utilities (+1,600); Education and Health Services (+1,300); Other Services (+800); Leisure and Hospitality (+300) and Financial Services (+300).
  • Decreases were noticed in Construction (-1,500); Professional and Business Services (-1,400) and Government (-1,400) industries. Information remained flat.

From July 2018 to July 2019, South Carolina’s economy has added 33,200 seasonally adjusted nonfarm payroll jobs.

  • Industries marking strong growth were Manufacturing (+9,000); Trade, Transportation, and Utilities (+8,400); Leisure and Hospitality (+7,000); Education and Health Services (+5,400); Professional and Business Services (+2,400); Government (+2,300); Other Services (+1,900); and Financial Activities (+700).
  • Decreases were seen in Construction (-2,800) and Information (-1,200).

Nonagricultural Employment by Industry (Not Seasonally Adjusted2)

Not seasonally adjusted, nonfarm payroll jobs decreased by 12,500 from June 2019 to July 2019 for a total of 2,181,700. Although, July’s overall total employment declined, due to traditional layoffs and school closings this time of year, modest gains were reported in some industries. The most prominent gain was in the Manufacturing (+2,400) industry.

  • Industries that saw an increase were Trade, Transportation, and Utilities (+2,000); Financial Activities (+1,300); Education and Health Services (+900); and Leisure and Hospitality (+300). Mining and Logging and Information remained stagnant.
  • Industries reporting declines were Government (-12,800); Professional and Business Services (-4,200); Construction (-2,100) and Other Services (-300).

    Since July 2018, not seasonally adjusted nonfarm payroll jobs were up 33,600 overall in South Carolina.

  • Industries marking strong annual gains were Leisure and Hospitality (+9,500); Manufacturing (+8,300); Trade, Transportation, and Utilities (+7,700); Education and Health Services (+4,500); Government (+2,700); Professional and Business Services (+1,600); Financial Activities (+1,300); Other Services (+1,000) and Mining and Logging (+100).
  • Industries reporting an over the year decline were Construction (-2,100) and Information(-1,000).

1Household Survey (Current Population Survey): is a monthly survey of about 60,000 households conducted by the Census Bureau for the Bureau of Labor Statistics. This survey provides monthly statistics on employment, unemployment, and related subjects analyzed by the Bureau of Labor Statistics.

2Current Employment Statistics Survey: is a monthly survey of about 40,000 employers which yields estimates of nonagricultural wage and salary employment, hours, and earnings by industry.

3Seasonally 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.

4Not Seasonally Adjusted: Effects of regular or seasonal patterns have not been removed from these data.

 









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