Recent South Carolina employment reports show growth Courtesy of worldatlas.com
A recent report about the employment situation in South Carolina for the month of March shows that employment levels have risen by 5,838 people and will continue to rise.
March 2015 is the 64th consecutive month that South Carolina has shown growth in its employment rates.
The seasonally adjusted unemployment rate only rose from 6.6 percent in February to 6.7 percent in March. This shows that the labor force has grown again for the 14th consecutive month; now the labor force amounts to 7,536 people, which is rapid growth for just one month.
These figures show an all-time high for the state’s first quarter of 2015. Most of the people entering the work force have found jobs.
In contrast, experts estimate that there are 149,877 unemployed people in South Carolina, which has increased slightly by 1,698 people since the month of February.
Most of the growth has taken place in construction, with an increase of 1,100. Education and health services rose by 700, and the government sector rose by 100.
Declining industries are leisure and hospitality, which fell by 2,400. Trade, transportation and utilities decreased by 1,500. The next highest decrease was professional and business services at 700. Financial activities fell by 500, manufacturing declined by 200, and other services decreased by 200.
As a whole, the U.S. unemployment rate has not changed, remaining at 5.5 percent.