South Carolina’s seasonally adjusted unemployment rate increased to 10.5% in June from 10% in May, the S.C. Department of Employment and Workforce reported today.
The survey of households noted an increase in the labor force of 2,830, bringing the overall labor force to 2,158,217. The state agency said more people are looking for jobs, but fewer jobs are available. Since 1976, the seasonally adjusted rate has increased 16 times in the May-to-June time frame.
According to The Conference Board’s Help Wanted Online Index, online job postings decreased by 1,580 positions last month. Though there was a decline, South Carolina fared better than neighboring states — North Carolina had 7,800 fewer postings and Georgia had 7,000 fewer postings, a sign that the Southeast economy is still fragile.
South Carolina’s nonfarm payroll employment increased by about 3,300, but the brightest spot was a continuing increase in manufacturing employment. That sector saw its fifth consecutive monthly gain since January 2011, rising 3.8% from May to June.
The year-over-year increase in nonfarm employment was 13,500 jobs. Gains were reflected in several major industry sectors: leisure and hospitality (5,300); manufacturing (1,600), and construction (1,500). The gains were offset by losses in the government, and education and health services industry sectors.
“Even given the normal summer spike in unemployment, the rate is still reflective of what is going on at the national level. However, we expect this will improve in the future as businesses and jobs continue to come to South Carolina,” said John Finan, executive director of the state employment agency.
Source: S.C. Department of Employment and Workforce