The state’s seasonally adjusted unemployment rates are in for August, and the results may seem a little disheartening for South Carolinians. The jobless rate rose from 10.9 percent in July to 11.1 percent in August, while employment levels decreased during that time. The rate is 0.1 percentage points higher than in August 2010.
The highest losses incurred came from the leisure and hospitality sector, which shed 3,400 jobs. Trade, transportation, and utilities lost 1,500 jobs. Gains in manufacturing, professional and business services, and government helped ease the damage. However, nonfarm payroll employment (any employment excluding farm, nonprofit organization, private household, and general government jobs) decreased by 1,700 positions.
Manufacturing continues its seventh consecutive monthly gain since January. South Carolina has been the most resilient state in the Southeast for manufacturing, and manufacturing jobs rose by 800 in August from July, and 11,000 from a year ago.
“Although the state’s unemployment rate rose in August, South Carolinians should not be discouraged as we have seen the initial claims for unemployment and the duration of benefits paid decrease,” SC Department of Employment and Workforce Executive Director Abraham Turner said in a statement. He says that South Carolinians must be skilled well trained to meet any incoming business opportunities.
“As we partner with other agencies including the two- and four-year colleges, I am confident we can forge ahead to put South Carolinians back to work,” he said.
South Carolina Radio Network’s Thomas Kenney contributed to this report