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Unemployment Rate Falls; Nearly 2,100 People Find Employment in June

Author: Darrell Scott

Source: SC Department of Employment and Workforce

July 22, 2015

For Immediate Release
 

South Carolina’s Employment Situation
June 2015

Unemployment Rate Falls; Nearly 2,100 People Find Employment in June

The state’s unemployment rate decreased to 6.6 percent in June from the May level of 6.8 percent. South Carolina’s employment level continued to improve in June as nearly 2,100 people found work. This marks 67 consecutive months that employment has increased, reaching another historic high of 2,112,034 people working.

After rising sixteen consecutive months, the labor force declined slightly from May to June by 2,307 to 2,260,791 people. The number of unemployed decreased by nearly 4,401 to 148,757.

The labor force has grown by 76,198 people over the last twelve months. Since June 2014 the level of unemployed individuals increased by 11,929 people. Since a year ago, 64,269 job seekers have found work.

Nationally, the unemployment rate declined from 5.5 percent in May to June’s estimate of 5.3 percent.

Nonagricultural Employment by Industry (Seasonally Adjusted1)

June’s seasonally adjusted, nonfarm payrolls increased over the month by 10,600 to a record high of 2,002,400.

  • The most noticeable increases occurred in Leisure and Hospitality (+4,000); Trade, Transportation, and Utilities (+3,800); Construction (+1,800); Government (+1,400); and Professional and Business Services (+1,100), with additional gains in Financial Activities (+300) and Information (+100).
  • Decreases were reported in Other Services (-1,600); Manufacturing (-200); and Education and Health Services (-100).

Compared to June 2014, seasonally adjusted, nonfarm jobs were up 56,600. The largest growths were reported in Professional and Business Services (+14,300); Leisure and Hospitality (+10,700); Trade, Transportation, and Utilities (+9,400); Education and Health Services (+7,700); Government (+6,400); Construction (+5,900); and Manufacturing (+2,600). Smaller gains were seen in Other Services (+400) and Information (+200) while Financial Activities declined (-900).

Nonagricultural Employment by Industry (Not Seasonally Adjusted2)

Not seasonally adjusted, nonfarm payroll employment in June improved by 10,400 to a record level of 2,021,700. Growth was concentrated in the service-providing industries, especially the Leisure and Hospitality (+8,700) sector, as the tourist season continues to flourish.

  • Other upswings were seen in Trade, Transportation, and Utilities (+4,100); Professional and Business Services (+2,400); and Construction (+2,300).
  • Lesser gains were seen in Manufacturing (+500); Financial Activities (+300); and Information (+100).
  • The most notable losses were in Government (-4,000); Education and Health Services (-3,200); and Other Services (-800).

From June 2014 to June 2015, not seasonally adjusted nonfarm jobs were up 54,900 overall in South Carolina’s workforce. Industries marking strong annual advances came from Professional and Business Services (+16,300); Leisure and Hospitality (+9,400); Trade, Transportation, and Utilities (+8,800); Education and Health Services (+6,900); Government (+6,800); Construction (+6,100); Manufacturing (+2,100); and Information (+300). Losses occurred in Financial Activities (-1,700) and Natural Resources and Mining (-100).

 

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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