Archive for Job Growth

Jan
14

Columbia is 2nd Highest Metro for High-Tech Job Growth

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A Bay Area Council Economic Institute Report, released in December 2012, recognizes Columbia and the state of South Carolina for its high-tech employment growth over the last five years.

The report analyzes patterns of high-technology employment and wages in the United States. It finds not only that high-tech jobs are a critical source of employment and income in the U.S. economy, but that growth in the high-tech sector has increasingly been occurring in regions that are economically and geographically diverse. The report also finds that the high-tech sector–defined as the group of industries with very high shares of workers in the STEM fields of science, technology, engineering and math–is an important source of secondary job creation and local economic development.

The state of South Carolina ranks second in the top 10 states for high-tech employment growth from 2010-2011, and Columbia finishes second, behind Greensboro-High Point, NC, in the top 25 metros for high-tech employment growth over the same period. Columbia saw 28.2% growth in the high-tech sector.

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Jan
08

SC Ranks 3rd on Recession Scorecard

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Through October, South Carolina’s unemployment rate fell 3.4 percentage points from its all-time high of 12% during the last two months of 2009. Since then, the state began a slow recovery. By October 2012, in just under three years time, another 75,000 workers in the state had found employment. Manufacturing jobs, which steadily declined through the 2000s, have also slowly recovered in the state in recent years. Mass layoffs, defined by the BLS as occurring when at least 50 new unemployment insurance claims are filed against an employer in a five-week period, declined from a high of 493 in 2009 to 225 in 2011. In the first 10 months of 2012 there were just 147 such events.

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Dec
14

Rock Hill Posts Third Best Job Growth Figures

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Rock Hill posted the third-best job growth numbers in South Carolina this year, as the state nearly doubled its employment growth over 2011, according to figures released Wednesday by University of South Carolina economists.

Rock Hill’s 2.6 percent job growth over 2011 came in behind only Spartanburg at 3.3 percent and Florence/Darlington at 2.8 percent.

Rock Hill’s employment growth outpaced such economic centers as Myrtle Beach (up 2.2 percent), Charleston (up 1.9 percent), Columbia (up 1.6 percent) and Greenville (up 0.1 percent).

A group of economists at USC’s annual economic outlook conference said stable growth should continue in 2013 if Congress and the president can avoid the fiscal cliff.

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Nov
01

Job Growth Slowing Apartment Market?

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The U.S. apartment sector posted its smallest vacancy decline in nearly two years, raising the possibility that the strongest commercial real estate category may be succumbing to the sluggish economy, according to real estate research firm Reis Inc.

For nearly two years apartment landlords have been able to boost rents and fill their buildings as Americans, either burned by the housing bust or unable to get a mortgage, turned to renting instead of owning a home.

But rent growth ultimately depends upon significant job growth and rising incomes, and during the third quarter neither have come through.

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Aug
07

Employment and Home Sales Up in Asheville

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With slow but steady growth in new jobs, more people bought houses this spring, boosting a modest recovery underway in the local real estate market.

“We’ve had eight straight months with real estate in Western North Carolina showing better performance. It would appear that the worst is certainly behind us,” said Debbie Williams, executive vice president with Beverly-Hanks & Associates.

Buncombe County saw an average of 240 homes sold each month in the second quarter of 2012, compared with 191 in the same period last year. The low was 186 homes sold a month in 2010, according to figures compiled in Beverly-Hanks’ second quarter market report.

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Categories : Asheville
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Jul
13

WHICH INDUSTRIES ARE GROWING IN SC?

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The chart below shows every broad-level (2-digit NAICS) industry for South Carolina over the last decade. Click Here to see data for other states.

 

Categories : South Carolina News
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