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SC Unemployment Rate Drops Again in April > Columbia Business Report

South Carolina’s unemployment rate fell to 3.3% in April from 3.4% in March, with financial activities and the leisure and hospitality industries seeing the largest job gains.

The SC Department of Employment and Manpower’s seasonally adjusted monthly household survey estimated the number of working South Carolina at 2,312,616, an increase of 9,017 people from the previous year. March estimate and 51,896 from April 2021. The number of unemployed in the state fell to 79,176, a decrease of 1,571 from March and 20,143 from April 2021.

The state’s estimated labor force, or people working plus the unemployed looking for work, rose to 2,391,792, up 7,446 people from March and 31,753 from April 2021 .

The national unemployment rate remained unchanged at 3.6%.

In South Carolina, the financial activities sector gained 3,200 new jobs, while leisure and hospitality gained 2,700. Construction lost 2,100 jobs.

From April 2021 to April 2022, South Carolina’s economy added 66,400 seasonally-adjusted non-farm payrolls, according to DEW.

Dan Ellzey, executive director of DEW, called the April numbers “good news all around” in a press release from the agency.

“Also, wages continue to rise,” Ellzey said. “Over the past year, salaries in South Carolina have increased by 4.38%, from $26.70 in April 2021 to $27.87 in April 2022. Part of this increase is due to movements between Industries. When individuals leave lower-paying jobs to work in manufacturing, for example, this leaves more openings, which creates competition for workers and forces lower-paying jobs to raise wages in order to attract newcomers. jobseekers.

The Columbia Metropolitan Statistical Area added 5,300 jobs March-April 2022 and 3,300 jobs since April 2021. Charleston/North Charleston added 700 jobs month-over-month and 16,400 year-over-year other. Greenville/Anderson/Mauldin lost 100 jobs month-over-month but gained 15,800 year-over-year, while Spartanburg added 900 jobs March-April 2022 and 4,100 from March. April 2021.

Unemployment fell in all SC counties in April 2022, falling to 2.7% from 3.3% in Richland County, where the rate was 4% in April 2021. In Lexington County, unemployment fell to 2.1% from 2.7% in March and 2.8% in March. April 2021.

Ellzey said that while the summer months will likely bring an increase in seasonal and part-time jobs, employers are still reporting that they are unable to find enough workers. He said another challenge is the lack of soft skills among young people entering the job market.

“Our agency recognizes this difficult situation and we offer programs to teach individuals soft skills,” Ellzey said. “We are also leading an initiative to provide statewide soft skills certification.”

Contact Melinda Waldrop at 803-726-7542.

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