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News Release Information

23-931-ATL
Friday, May 05, 2023

Contacts Technical information: Media contact:
  • (404) 893-4220

Business Employment Dynamics in South Carolina — Third Quarter 2022

From June 2022 to September 2022, gross job gains from opening and expanding private-sector establishments in South Carolina were 133,770, while gross job losses from closing and contracting private-sector establishments were 104,011, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Victoria G. Lee noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 29,759 jobs in the private sector during the third quarter of 2022. During the previous quarter, gross job losses exceeded gross job gains by 7,486. (See chart 1.)


The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all private businesses in the economy. Business Employment Dynamics (BED) statistics track these changes in employment at private-sector establishments from the third month of one quarter to the third month of the next. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See Technical Note.)

Gross job gains

In the third quarter of 2022, gross job gains represented 7.3 percent of private-sector employment in South Carolina; nationally, gross job gains accounted for 6.8 percent of private-sector employment. (See chart 2.) Gross job gains are the sum of increases in employment due to expansions at existing establishments and the addition of new jobs at opening establishments. In South Carolina, gross job gains at expanding establishments totaled 107,143 in the third quarter of 2022, an increase of 16,342 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 26,627 jobs gained in the third quarter of 2022, an increase of 1,354 jobs from the previous quarter.


Gross job losses

In the third quarter of 2022, gross job losses represented 5.6 percent of private-sector employment in South Carolina; nationally, gross job losses accounted for 5.8 percent of private-sector employment. (See chart 3.) Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. In South Carolina, contracting establishments lost 81,144 jobs in the third quarter of 2022, a decrease of 12,313 jobs from the prior quarter. Closing establishments lost 22,867 jobs, a decrease of 7,236 jobs from the previous quarter.


Industries

Gross job gains exceeded gross job losses in all 11 industry sectors in South Carolina in the third quarter of 2022. Professional and business services had the largest over-the-quarter net job increase, with a gain of 6,127 jobs. This was the result of 28,646 gross job gains and 22,519 gross job losses. Leisure and hospitality had a net gain of 5,479 jobs, followed by education and health services with a net gain of 4,747 jobs.

For more information

The BED data series include gross job gains and gross job losses by industry subsector, for the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands, as well as gross job gains and gross job losses at the firm level by employer size class. BED data for the states have been included in table 2 of this release. Additional information is available online at www.bls.gov/bdm/.

The Business Employment Dynamics for Fourth Quarter 2022 are scheduled to be released on Wednesday, July 26, 2023, at 10:00 a.m. (ET).


Technical Note

The Business Employment Dynamics (BED) data are a product of a federal-state cooperative program known as Quarterly Census of Employment and Wages (QCEW). The BED data are compiled by the U.S. Bureau of Labor Statistics (BLS) from existing QCEW records. Most employers in the U.S. are required to file quarterly reports on the employment and wages of workers covered by unemployment insurance (UI) laws, and to pay quarterly UI taxes. The QCEW is based largely on quarterly UI reports which are sent by businesses to the State Workforce Agencies (SWAs). These UI reports are supplemented by two additional BLS data collections to render administrative data into economic statistics. Together these data comprise the QCEW and form the basis of the Bureau’s establishment universe sampling frame.

In the BED program, the QCEW records are linked across quarters to provide a longitudinal history for each establishment. The linkage process allows the tracking of net employment changes at the establishment level, which in turn allows the estimation of jobs gained at opening and expanding units and jobs lost at closing and contracting units.

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all businesses in the economy. BED statistics track these changes in employment at private business establishments from the third month of one quarter to the third month of the next. Gross job gains are the sum of increases in employment from expansions at existing establishments and the addition of new jobs at opening establishments. Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. The difference between the number of gross jobs gained and the number of gross jobs lost is the net change in employment.

Gross job gains and gross job losses are expressed as rates by dividing their levels by the average of employment in the current and previous quarters. The rates are calculated for the components of gross job gains and gross job losses and then summed to form their respective totals. These rates can be added and subtracted just as their levels can. For instance, the difference between the gross job gains rate and the gross job losses rate is the net growth rate.

The formal definitions of employment changes are as follows:

Openings. These are either units with positive third month employment for the first time in the current quarter, with no links to the prior quarter, or with positive third month employment in the current quarter following zero employment in the previous quarter.

Expansions. These are units with positive employment in the third month in both the previous and current quarters, with a net increase in employment over this period.

Closings. These are units with positive third month employment in the previous quarter and either not reported, or reported with zero employment, in the current quarter.

Contractions. These are units with positive employment in the third month in both the previous and current quarters, with a net decrease in employment over this period.

The full Technical Note for the Business Employment Dynamics program, which includes information on coverage, concepts, and methodology, can be found in the current quarterly news release online at www.bls.gov/news.release/cewbd.htm.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Private sector gross job gains and losses by industry, South Carolina, seasonally adjusted
Category Gross job gains and losses
(3 months ended)
Gross job gains and losses
as a percent of employment
(3 months ended)
Sept.
2021
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Sept.
2021
Dec.
2021
Mar.
2022
June
2022
Sept.
2022

Total private (1)

Gross job gains

125,862 138,775 124,981 116,074 133,770 7.3 7.9 6.9 6.4 7.3

At expanding establishments

98,841 116,461 90,221 90,801 107,143 5.7 6.6 5.0 5.0 5.8

At opening establishments

27,021 22,314 34,760 25,273 26,627 1.6 1.3 1.9 1.4 1.5

Gross job losses

103,876 93,629 111,267 123,560 104,011 6.0 5.3 6.2 6.9 5.6

At contracting establishments

84,872 74,246 88,258 93,457 81,144 4.9 4.2 4.9 5.2 4.4

At closing establishments

19,004 19,383 23,009 30,103 22,867 1.1 1.1 1.3 1.7 1.2

Net employment change (2)

21,986 45,146 13,714 -7,486 29,759 1.3 2.6 0.7 -0.5 1.7

Construction

Gross job gains

7,709 8,346 8,187 8,195 7,867 7.3 7.9 7.6 7.6 7.2

At expanding establishments

5,895 6,617 5,794 6,543 6,085 5.6 6.3 5.4 6.1 5.6

At opening establishments

1,814 1,729 2,393 1,652 1,782 1.7 1.6 2.2 1.5 1.6

Gross job losses

7,313 6,814 7,449 7,264 7,334 7.0 6.4 7.0 6.7 6.7

At contracting establishments

5,754 5,309 5,538 5,323 5,582 5.5 5.0 5.2 4.9 5.1

At closing establishments

1,559 1,505 1,911 1,941 1,752 1.5 1.4 1.8 1.8 1.6

Net employment change (2)

396 1,532 738 931 533 0.3 1.5 0.6 0.9 0.5

Manufacturing

Gross job gains

9,266 11,471 9,462 9,096 9,459 3.7 4.5 3.6 3.4 3.6

At expanding establishments

8,023 10,590 8,062 8,187 8,613 3.2 4.2 3.1 3.1 3.3

At opening establishments

1,243 881 1,400 909 846 0.5 0.3 0.5 0.3 0.3

Gross job losses

6,707 5,960 6,312 9,685 6,812 2.7 2.3 2.4 3.7 2.5

At contracting establishments

5,987 4,901 5,532 8,174 6,160 2.4 1.9 2.1 3.1 2.3

At closing establishments

720 1,059 780 1,511 652 0.3 0.4 0.3 0.6 0.2

Net employment change (2)

2,559 5,511 3,150 -589 2,647 1.0 2.2 1.2 -0.3 1.1

Wholesale trade

Gross job gains

4,751 5,795 4,989 4,310 4,522 6.4 7.6 6.4 5.4 5.7

At expanding establishments

3,881 4,929 3,573 3,569 3,909 5.2 6.5 4.6 4.5 4.9

At opening establishments

870 866 1,416 741 613 1.2 1.1 1.8 0.9 0.8

Gross job losses

4,048 2,738 3,480 4,319 3,402 5.4 3.6 4.4 5.5 4.3

At contracting establishments

3,209 2,210 2,455 2,852 2,640 4.3 2.9 3.1 3.6 3.3

At closing establishments

839 528 1,025 1,467 762 1.1 0.7 1.3 1.9 1.0

Net employment change (2)

703 3,057 1,509 -9 1,120 1.0 4.0 2.0 -0.1 1.4

Retail trade

Gross job gains

15,937 16,872 17,022 13,681 17,450 6.3 6.7 6.7 5.3 6.7

At expanding establishments

14,196 15,140 13,529 11,121 14,928 5.6 6.0 5.3 4.3 5.7

At opening establishments

1,741 1,732 3,493 2,560 2,522 0.7 0.7 1.4 1.0 1.0

Gross job losses

15,848 12,825 12,990 16,692 14,040 6.3 5.1 5.1 6.5 5.3

At contracting establishments

14,145 11,046 11,241 14,183 11,864 5.6 4.4 4.4 5.5 4.5

At closing establishments

1,703 1,779 1,749 2,509 2,176 0.7 0.7 0.7 1.0 0.8

Net employment change (2)

89 4,047 4,032 -3,011 3,410 0.0 1.6 1.6 -1.2 1.4

Transportation and warehousing

Gross job gains

5,054 8,184 5,647 4,406 4,851 6.7 10.2 6.9 5.4 6.0

At expanding establishments

4,091 7,506 4,490 3,678 4,096 5.4 9.4 5.5 4.5 5.1

At opening establishments

963 678 1,157 728 755 1.3 0.8 1.4 0.9 0.9

Gross job losses

3,867 2,677 6,450 6,252 4,267 5.1 3.4 7.8 7.7 5.2

At contracting establishments

3,489 2,202 5,787 4,950 3,180 4.6 2.8 7.0 6.1 3.9

At closing establishments

378 475 663 1,302 1,087 0.5 0.6 0.8 1.6 1.3

Net employment change (2)

1,187 5,507 -803 -1,846 584 1.6 6.8 -0.9 -2.3 0.8

Information

Gross job gains

2,553 2,395 2,308 2,733 3,148 9.2 8.4 8.1 9.5 10.5

At expanding establishments

1,685 1,729 1,457 1,813 2,484 6.1 6.1 5.1 6.3 8.3

At opening establishments

868 666 851 920 664 3.1 2.3 3.0 3.2 2.2

Gross job losses

1,512 1,827 1,766 1,902 1,961 5.4 6.4 6.1 6.6 6.5

At contracting establishments

946 1,301 1,247 1,190 1,054 3.4 4.6 4.3 4.1 3.5

At closing establishments

566 526 519 712 907 2.0 1.8 1.8 2.5 3.0

Net employment change (2)

1,041 568 542 831 1,187 3.8 2.0 2.0 2.9 4.0

Financial activities

Gross job gains

8,001 7,762 7,729 7,270 7,958 7.6 7.3 7.1 6.7 7.1

At expanding establishments

5,997 5,763 5,507 5,345 6,457 5.7 5.4 5.1 4.9 5.8

At opening establishments

2,004 1,999 2,222 1,925 1,501 1.9 1.9 2.0 1.8 1.3

Gross job losses

5,230 5,770 6,417 6,963 6,142 5.0 5.4 5.9 6.3 5.5

At contracting establishments

3,942 3,967 4,253 4,532 4,655 3.8 3.7 3.9 4.1 4.2

At closing establishments

1,288 1,803 2,164 2,431 1,487 1.2 1.7 2.0 2.2 1.3

Net employment change (2)

2,771 1,992 1,312 307 1,816 2.6 1.9 1.2 0.4 1.6

Professional and business services

Gross job gains

25,396 29,357 24,352 23,427 28,646 8.7 9.8 8.0 7.8 9.4

At expanding establishments

19,544 23,465 18,007 17,722 22,558 6.7 7.8 5.9 5.9 7.4

At opening establishments

5,852 5,892 6,345 5,705 6,088 2.0 2.0 2.1 1.9 2.0

Gross job losses

22,513 20,355 26,485 26,811 22,519 7.6 6.8 8.8 8.9 7.4

At contracting establishments

18,001 15,738 21,127 20,260 17,074 6.1 5.3 7.0 6.7 5.6

At closing establishments

4,512 4,617 5,358 6,551 5,445 1.5 1.5 1.8 2.2 1.8

Net employment change (2)

2,883 9,002 -2,133 -3,384 6,127 1.1 3.0 -0.8 -1.1 2.0

Education and health services

Gross job gains

12,159 14,701 13,770 14,066 14,957 5.1 6.2 5.7 5.7 6.0

At expanding establishments

9,476 11,449 9,581 11,050 12,361 4.0 4.8 4.0 4.5 5.0

At opening establishments

2,683 3,252 4,189 3,016 2,596 1.1 1.4 1.7 1.2 1.0

Gross job losses

13,313 11,491 11,444 12,884 10,210 5.6 4.8 4.7 5.3 4.1

At contracting establishments

9,519 8,792 8,223 8,739 7,517 4.0 3.7 3.4 3.6 3.0

At closing establishments

3,794 2,699 3,221 4,145 2,693 1.6 1.1 1.3 1.7 1.1

Net employment change (2)

-1,154 3,210 2,326 1,182 4,747 -0.5 1.4 1.0 0.4 1.9

Leisure and hospitality

Gross job gains

28,936 27,403 24,541 22,715 27,684 11.8 10.7 9.3 8.8 10.5

At expanding establishments

21,561 24,078 16,084 17,634 20,883 8.8 9.4 6.1 6.8 7.9

At opening establishments

7,375 3,325 8,457 5,081 6,801 3.0 1.3 3.2 2.0 2.6

Gross job losses

19,011 18,171 22,659 25,236 22,205 7.8 7.1 8.6 9.7 8.5

At contracting establishments

16,409 14,840 18,397 19,319 17,783 6.7 5.8 7.0 7.4 6.8

At closing establishments

2,602 3,331 4,262 5,917 4,422 1.1 1.3 1.6 2.3 1.7

Net employment change (2)

9,925 9,232 1,882 -2,521 5,479 4.0 3.6 0.7 -0.9 2.0

Other services (3)

Gross job gains

4,540 4,929 4,987 4,550 4,796 9.2 9.7 9.6 8.6 8.8

At expanding establishments

3,260 3,861 3,021 3,133 3,593 6.6 7.6 5.8 5.9 6.6

At opening establishments

1,280 1,068 1,966 1,417 1,203 2.6 2.1 3.8 2.7 2.2

Gross job losses

3,482 3,645 4,180 4,087 4,273 7.1 7.1 8.0 7.7 7.9

At contracting establishments

2,607 2,712 3,048 2,810 3,017 5.3 5.3 5.8 5.3 5.6

At closing establishments

875 933 1,132 1,277 1,256 1.8 1.8 2.2 2.4 2.3

Net employment change (2)

1,058 1,284 807 463 523 2.1 2.6 1.6 0.9 0.9

Footnotes:
(1) Includes unclassified sector not shown separately.
(2) The net employment change is the difference between total gross job gains and total gross job losses. See the Technical Note for further information.
(3) Except public administration.

Table 2. Private-sector gross job gains and losses as a percent of total employment by state, seasonally adjusted
Category Gross job gains as a percent of employment
(3 months ended)
Gross job losses as a percent of employment
(3 months ended)
Sept.
2021
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Sept.
2021
Dec.
2021
Mar.
2022
June
2022
Sept.
2022

United States(1)

7.3 7.7 6.6 6.4 6.8 6.1 5.4 5.4 6.7 5.8

Alabama

6.7 7.6 6.2 6.6 7.1 6.3 5.2 6.0 7.0 6.2

Alaska

10.5 11.8 10.1 10.1 8.6 9.7 8.7 9.3 9.6 10.3

Arizona

7.1 6.8 6.8 6.7 7.9 5.1 5.0 5.7 7.3 5.5

Arkansas

6.8 7.8 5.9 5.6 6.4 6.7 4.8 5.4 6.0 5.5

California

7.8 8.5 7.4 6.6 6.7 6.1 5.5 5.6 7.2 6.1

Colorado

8.0 7.6 7.5 7.3 5.0 7.0 6.1 6.3 6.7 5.8

Connecticut

6.9 6.9 6.3 6.3 6.3 6.0 5.3 5.3 6.5 6.2

Delaware

7.6 8.2 7.3 6.5 8.6 7.2 6.0 5.6 8.2 6.1

District of Columbia

7.9 7.3 6.0 6.0 7.2 4.9 4.9 4.9 6.8 4.8

Florida

9.0 7.7 6.5 7.5 7.8 6.0 6.0 5.7 6.9 5.5

Georgia

7.5 7.9 6.8 6.6 7.0 6.2 5.5 5.7 6.7 6.0

Hawaii

7.3 7.1 6.1 5.9 6.2 6.3 5.1 5.1 5.9 4.8

Idaho

7.7 8.5 8.5 7.1 8.5 7.3 6.3 6.2 9.1 7.5

Illinois

6.6 7.5 6.2 5.9 6.0 6.0 4.9 5.0 5.9 5.3

Indiana

6.3 7.3 6.0 5.6 6.4 5.7 4.7 4.8 6.8 5.5

Iowa

6.2 6.6 6.5 5.8 5.8 6.1 5.4 5.3 6.7 6.0

Kansas

6.6 7.6 6.2 6.5 7.6 6.5 5.3 5.4 7.5 5.6

Kentucky

6.7 7.4 6.6 6.3 6.7 6.4 4.9 5.0 8.7 5.4

Louisiana

6.9 9.6 6.5 6.6 7.3 8.5 5.8 7.1 7.3 5.7

Maine

7.8 8.2 8.0 17.7 7.4 7.8 6.9 6.1 8.1 7.4

Maryland

7.5 7.3 6.6 6.7 7.5 6.4 5.3 5.9 8.1 6.0

Massachusetts

7.2 7.0 6.6 6.1 6.2 5.8 5.7 5.1 5.4 6.1

Michigan

6.5 7.5 6.3 6.0 5.7 5.9 5.2 5.1 6.5 5.9

Minnesota

6.4 7.3 6.0 6.6 6.8 6.7 5.2 5.4 7.1 6.0

Mississippi

7.6 7.9 6.1 6.5 7.2 6.1 5.7 6.0 7.0 6.3

Missouri

6.7 7.4 6.5 6.3 6.8 6.1 5.5 5.4 5.9 6.3

Montana

8.5 9.9 9.3 8.2 8.5 8.3 7.2 8.5 9.4 7.7

Nebraska

6.3 7.0 6.8 6.0 6.9 6.5 5.8 5.9 6.6 6.2

Nevada

8.9 8.3 6.8 6.9 7.6 5.7 4.8 5.2 6.7 5.7

New Hampshire

7.0 7.6 7.7 6.6 6.9 6.8 6.4 5.4 7.9 6.7

New Jersey

7.5 8.7 7.1 6.5 6.8 6.1 5.4 5.5 6.3 6.3

New Mexico

8.2 8.2 7.4 6.5 7.7 6.5 6.3 6.2 7.1 5.9

New York

7.5 7.7 6.7 7.1 6.7 5.9 5.4 5.2 6.6 6.0

North Carolina

6.8 8.1 6.5 6.3 6.6 6.4 5.0 5.3 6.2 5.9

North Dakota

7.5 7.6 7.5 6.8 7.6 6.7 6.5 6.5 6.7 6.4

Ohio

6.1 7.0 6.1 5.7 5.8 6.0 5.2 4.8 6.3 5.6

Oklahoma

7.1 7.6 6.3 6.4 7.1 6.6 5.9 5.7 6.2 5.5

Oregon

7.1 7.8 7.5 6.1 6.7 6.5 6.1 5.7 7.1 8.6

Pennsylvania

6.3 6.8 6.3 5.5 6.1 5.0 4.8 4.9 5.6 5.2

Rhode Island

7.6 8.5 7.9 7.0 6.7 7.1 6.6 5.7 7.3 7.4

South Carolina

7.3 7.9 6.9 6.4 7.3 6.0 5.3 6.2 6.9 5.6

South Dakota

6.6 7.2 7.7 6.6 7.3 6.4 5.9 6.1 6.8 6.4

Tennessee

6.9 7.3 6.6 6.3 7.0 5.4 5.6 4.7 6.4 5.4

Texas

7.1 7.7 6.3 6.5 7.4 5.5 4.8 5.4 6.1 5.2

Utah

7.4 7.5 7.8 7.0 7.9 7.0 6.0 5.9 6.8 6.7

Vermont

8.0 8.1 8.0 7.3 7.2 7.7 6.9 6.3 8.4 8.0

Virginia

6.9 7.2 6.4 6.5 7.5 6.0 5.3 5.8 7.0 6.1

Washington

7.3 7.8 7.3 7.0 7.1 5.9 5.3 5.0 7.1 6.1

West Virginia

7.1 7.9 7.3 6.3 6.8 6.5 6.0 5.9 7.9 6.5

Wisconsin

5.5 6.6 6.5 5.9 6.1 5.8 5.2 4.8 6.8 5.9

Wyoming

9.1 10.1 8.9 8.4 9.2 8.4 7.8 8.3 9.1 8.5

Puerto Rico

8.5 6.4 7.0 6.5 6.2 5.1 5.5 4.9 6.1 5.2

Virgin Islands

7.5 8.0 6.9 8.8 7.9 8.5 9.5 10.3 12.6 4.9

Footnotes
(1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands.

 

Last Modified Date: Friday, May 05, 2023