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News Release Information

22-833-ATL
Tuesday, May 10, 2022

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

Business Employment Dynamics in South Carolina — Third Quarter 2021

From June 2021 to September 2021, gross job gains from opening and expanding private-sector establishments in South Carolina were 125,492, while gross job losses from closing and contracting private-sector establishments were 115,618, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 9,874 jobs in the private sector during the third quarter of 2021. During the previous quarter, gross job losses exceeded gross job gains by 3,812. (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 2021, gross job gains represented 7.2 percent of private-sector employment in South Carolina; nationally, gross job gains also accounted for 7.2 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 99,150 in the third quarter of 2021, an increase of 9,903 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 26,342 jobs gained in the third quarter of 2021, an increase of 7,017 jobs from the previous quarter.


Gross job losses

In the third quarter of 2021, gross job losses represented 6.6 percent of private-sector employment in South Carolina; nationally, gross job losses accounted for 6.2 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 85,577 jobs in the third quarter of 2021, a decrease of 6,324 jobs from the prior quarter. Closing establishments lost 30,041 jobs, an increase of 9,558 jobs from the previous quarter.


Industries

Gross job gains exceeded gross job losses in 7 of the 11 industry sectors in South Carolina in the third quarter of 2021. Leisure and hospitality had the largest over-the-quarter net job increase, with a gain of 8,111 jobs. This was the result of 29,065 gross job gains and 20,954 gross job losses. The financial activities industry had a net gain of 1,761 jobs, followed by manufacturing with a net gain of 1,746 jobs. Education and health services had the largest over-the-quarter net job decrease, with a loss of 3,498 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 2021 are scheduled to be released on Wednesday, July 27, 2022, at 10:00 a.m. (ET)

Coronavirus (COVID-19) Effect on Business Employment Dynamics

Data collection and processing methods have been impacted because of the COVID-19 pandemic. More detail can be found at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-business-employment-dynamics.htm.

 


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 either units with positive third month employment in the previous quarter, with no employment or zero employment reported 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.
2020
Dec.
2020
Mar.
2021
June
2021
Sept.
2021
Sept.
2020
Dec.
2020
Mar.
2021
June
2021
Sept.
2021

Total private (1)

Gross job gains

146,055 135,839 106,718 108,572 125,492 8.8 8.0 6.2 6.3 7.2

At expanding establishments

124,248 111,161 85,395 89,247 99,150 7.5 6.5 5.0 5.2 5.7

At opening establishments

21,807 24,678 21,323 19,325 26,342 1.3 1.5 1.2 1.1 1.5

Gross job losses

96,810 88,242 104,928 112,384 115,618 5.9 5.2 6.1 6.5 6.6

At contracting establishments

77,332 70,020 89,044 91,901 85,577 4.7 4.1 5.2 5.3 4.9

At closing establishments

19,478 18,222 15,884 20,483 30,041 1.2 1.1 0.9 1.2 1.7

Net employment change (2)

49,245 47,597 1,790 -3,812 9,874 2.9 2.8 0.1 -0.2 0.6

Construction

Gross job gains

7,739 8,069 6,955 7,148 7,599 7.5 7.8 6.7 6.9 7.3

At expanding establishments

5,923 6,500 5,336 5,710 5,850 5.7 6.3 5.1 5.5 5.6

At opening establishments

1,816 1,569 1,619 1,438 1,749 1.8 1.5 1.6 1.4 1.7

Gross job losses

7,576 7,262 6,919 7,233 7,795 7.3 7.0 6.7 7.0 7.5

At contracting establishments

6,016 4,971 5,483 5,613 5,734 5.8 4.8 5.3 5.4 5.5

At closing establishments

1,560 2,291 1,436 1,620 2,061 1.5 2.2 1.4 1.6 2.0

Net employment change (2)

163 807 36 -85 -196 0.2 0.8 0.0 -0.1 -0.2

Manufacturing

Gross job gains

11,545 9,185 7,780 7,737 9,152 4.8 3.7 3.1 3.1 3.7

At expanding establishments

10,925 8,433 6,771 6,956 7,912 4.5 3.4 2.7 2.8 3.2

At opening establishments

620 752 1,009 781 1,240 0.3 0.3 0.4 0.3 0.5

Gross job losses

8,150 6,970 6,758 8,557 7,406 3.3 2.9 2.7 3.4 3.0

At contracting establishments

7,361 6,108 6,274 7,743 6,135 3.0 2.5 2.5 3.1 2.5

At closing establishments

789 862 484 814 1,271 0.3 0.4 0.2 0.3 0.5

Net employment change (2)

3,395 2,215 1,022 -820 1,746 1.5 0.8 0.4 -0.3 0.7

Wholesale trade

Gross job gains

4,041 4,375 3,794 3,878 4,707 5.7 6.1 5.2 5.3 6.4

At expanding establishments

3,402 3,391 3,159 3,240 3,877 4.8 4.7 4.3 4.4 5.3

At opening establishments

639 984 635 638 830 0.9 1.4 0.9 0.9 1.1

Gross job losses

3,572 2,918 2,974 3,363 4,824 5.0 4.1 4.0 4.5 6.6

At contracting establishments

2,653 2,284 2,285 2,604 3,299 3.7 3.2 3.1 3.5 4.5

At closing establishments

919 634 689 759 1,525 1.3 0.9 0.9 1.0 2.1

Net employment change (2)

469 1,457 820 515 -117 0.7 2.0 1.2 0.8 -0.2

Retail trade

Gross job gains

19,163 16,014 16,053 15,257 15,784 7.7 6.4 6.4 6.1 6.3

At expanding establishments

17,131 14,053 13,585 13,074 14,067 6.9 5.6 5.4 5.2 5.6

At opening establishments

2,032 1,961 2,468 2,183 1,717 0.8 0.8 1.0 0.9 0.7

Gross job losses

14,197 15,306 13,805 17,875 17,048 5.8 6.1 5.5 7.1 6.8

At contracting establishments

12,552 12,308 11,982 15,723 14,394 5.1 4.9 4.8 6.2 5.7

At closing establishments

1,645 2,998 1,823 2,152 2,654 0.7 1.2 0.7 0.9 1.1

Net employment change (2)

4,966 708 2,248 -2,618 -1,264 1.9 0.3 0.9 -1.0 -0.5

Transportation and warehousing

Gross job gains

8,032 7,941 3,914 4,954 5,212 11.6 10.7 5.1 6.6 6.9

At expanding establishments

7,341 6,769 3,145 4,483 4,330 10.6 9.1 4.1 6.0 5.7

At opening establishments

691 1,172 769 471 882 1.0 1.6 1.0 0.6 1.2

Gross job losses

2,937 2,775 6,493 4,689 4,684 4.2 3.7 8.5 6.2 6.2

At contracting establishments

2,387 2,397 6,006 4,059 3,919 3.4 3.2 7.9 5.4 5.2

At closing establishments

550 378 487 630 765 0.8 0.5 0.6 0.8 1.0

Net employment change (2)

5,095 5,166 -2,579 265 528 7.4 7.0 -3.4 0.4 0.7

Information

Gross job gains

2,404 1,589 1,646 1,984 2,521 9.9 6.4 6.2 7.5 9.1

At expanding establishments

1,972 955 1,256 1,168 1,667 8.1 3.8 4.7 4.4 6.0

At opening establishments

432 634 390 816 854 1.8 2.6 1.5 3.1 3.1

Gross job losses

1,224 1,880 1,650 1,676 1,615 5.0 7.6 6.2 6.2 5.8

At contracting establishments

804 1,216 1,366 1,183 940 3.3 4.9 5.1 4.4 3.4

At closing establishments

420 664 284 493 675 1.7 2.7 1.1 1.8 2.4

Net employment change (2)

1,180 -291 -4 308 906 4.9 -1.2 0.0 1.3 3.3

Financial activities

Gross job gains

6,280 6,272 5,728 5,622 7,899 6.3 6.1 5.5 5.4 7.6

At expanding establishments

4,912 4,408 4,348 4,365 5,938 4.9 4.3 4.2 4.2 5.7

At opening establishments

1,368 1,864 1,380 1,257 1,961 1.4 1.8 1.3 1.2 1.9

Gross job losses

5,318 4,699 4,788 6,017 6,138 5.3 4.6 4.6 5.8 5.9

At contracting establishments

3,507 3,447 3,559 4,517 3,946 3.5 3.4 3.4 4.4 3.8

At closing establishments

1,811 1,252 1,229 1,500 2,192 1.8 1.2 1.2 1.4 2.1

Net employment change (2)

962 1,573 940 -395 1,761 1.0 1.5 0.9 -0.4 1.7

Professional and business services

Gross job gains

35,694 31,872 22,190 21,841 25,036 12.9 11.0 7.6 7.4 8.6

At expanding establishments

30,970 26,278 17,994 17,605 19,459 11.2 9.1 6.2 6.0 6.7

At opening establishments

4,724 5,594 4,196 4,236 5,577 1.7 1.9 1.4 1.4 1.9

Gross job losses

20,762 18,538 23,529 24,384 24,698 7.6 6.4 8.0 8.3 8.5

At contracting establishments

16,437 15,076 19,946 20,313 18,289 6.0 5.2 6.8 6.9 6.3

At closing establishments

4,325 3,462 3,583 4,071 6,409 1.6 1.2 1.2 1.4 2.2

Net employment change (2)

14,932 13,334 -1,339 -2,543 338 5.3 4.6 -0.4 -0.9 0.1

Education and health services

Gross job gains

12,564 15,299 13,011 10,897 11,971 5.5 6.6 5.4 4.6 5.1

At expanding establishments

10,287 11,159 9,594 8,809 9,390 4.5 4.8 4.0 3.7 4.0

At opening establishments

2,277 4,140 3,417 2,088 2,581 1.0 1.8 1.4 0.9 1.1

Gross job losses

10,173 8,211 10,756 11,668 15,469 4.5 3.6 4.5 4.9 6.6

At contracting establishments

7,959 6,612 9,009 9,489 9,348 3.5 2.9 3.8 4.0 4.0

At closing establishments

2,214 1,599 1,747 2,179 6,121 1.0 0.7 0.7 0.9 2.6

Net employment change (2)

2,391 7,088 2,255 -771 -3,498 1.0 3.0 0.9 -0.3 -1.5

Leisure and hospitality

Gross job gains

32,556 29,259 20,592 24,012 29,065 14.9 12.7 8.6 10.0 11.9

At expanding establishments

27,265 24,709 16,483 19,954 21,683 12.5 10.7 6.9 8.3 8.9

At opening establishments

5,291 4,550 4,109 4,058 7,382 2.4 2.0 1.7 1.7 3.0

Gross job losses

17,815 15,174 21,339 21,481 20,954 8.1 6.6 9.0 8.9 8.6

At contracting establishments

13,865 12,166 18,566 16,375 16,130 6.3 5.3 7.8 6.8 6.6

At closing establishments

3,950 3,008 2,773 5,106 4,824 1.8 1.3 1.2 2.1 2.0

Net employment change (2)

14,741 14,085 -747 2,531 8,111 6.8 6.1 -0.4 1.1 3.3

Other services (3)

Gross job gains

4,269 4,295 3,643 3,890 4,448 9.1 9.0 7.4 8.0 9.0

At expanding establishments

3,004 3,103 2,649 2,930 3,203 6.4 6.5 5.4 6.0 6.5

At opening establishments

1,265 1,192 994 960 1,245 2.7 2.5 2.0 2.0 2.5

Gross job losses

3,653 3,089 3,699 3,259 3,978 7.7 6.4 7.6 6.7 8.1

At contracting establishments

2,558 2,202 2,960 2,388 2,577 5.4 4.6 6.1 4.9 5.2

At closing establishments

1,095 887 739 871 1,401 2.3 1.8 1.5 1.8 2.9

Net employment change (2)

616 1,206 -56 631 470 1.4 2.6 -0.2 1.3 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.
2020
Dec.
2020
Mar.
2021
June
2021
Sept.
2021
Sept.
2020
Dec.
2020
Mar.
2021
June
2021
Sept.
2021

United States(1)

9.5 7.4 6.8 6.7 7.2 6.0 5.7 5.4 5.9 6.2

Alabama

7.8 7.6 5.9 6.2 6.6 5.9 5.5 5.9 6.0 6.7

Alaska

12.2 13.4 11.0 9.5 10.4 9.8 7.7 9.4 9.2 9.5

Arizona

7.8 7.3 6.3 6.8 6.9 6.1 5.0 5.5 6.0 6.0

Arkansas

7.6 7.2 5.9 5.5 6.6 5.7 5.2 5.1 5.6 5.9

California

8.9 8.5 7.7 7.8 7.8 7.1 6.1 5.9 6.4 6.3

Colorado

10.1 7.5 8.6 7.8 8.1 6.4 7.2 5.6 6.4 7.0

Connecticut

11.4 6.6 6.3 6.6 6.8 5.1 5.9 5.3 5.9 6.0

Delaware

10.3 6.8 6.8 6.4 7.2 6.4 6.0 6.0 6.4 7.0

District of Columbia

8.2 5.3 5.5 7.0 7.9 5.7 5.5 5.3 5.4 4.8

Florida

9.5 8.0 6.9 7.8 9.2 6.7 6.0 5.8 6.2 6.0

Georgia

9.3 7.9 6.7 6.9 7.4 6.5 5.2 5.7 6.2 6.2

Hawaii

7.5 14.7 8.5 10.7 7.2 12.2 4.6 5.9 5.6 6.6

Idaho

8.4 8.7 8.1 7.2 7.7 6.4 6.1 5.7 7.2 7.3

Illinois

9.7 6.5 7.2 6.0 6.3 5.6 6.1 4.9 5.6 6.0

Indiana

8.3 6.8 6.0 5.7 6.3 5.2 5.0 5.1 6.0 5.8

Iowa

7.5 6.8 6.1 6.0 6.2 5.5 5.1 5.4 6.0 6.0

Kansas

7.9 7.0 6.2 6.2 6.6 5.9 5.9 5.5 6.1 6.6

Kentucky

9.0 7.3 7.3 6.4 6.6 5.1 6.1 5.1 6.5 6.5

Louisiana

9.1 8.7 6.4 6.8 6.9 7.0 5.6 5.9 6.2 8.6

Maine

12.3 8.5 9.0 7.7 7.8 6.0 6.3 6.3 7.8 8.0

Maryland

11.2 7.3 6.3 6.6 7.5 5.5 5.8 5.5 6.6 6.7

Massachusetts

12.4 7.0 6.6 6.9 7.2 5.4 5.5 5.0 5.7 5.9

Michigan

10.9 6.7 8.5 6.2 6.6 4.8 6.9 4.9 5.6 6.1

Minnesota

9.0 6.9 9.2 6.1 6.4 5.4 6.8 4.9 5.5 6.8

Mississippi

8.7 8.0 5.6 6.4 7.5 5.5 4.9 6.6 6.5 6.2

Missouri

8.5 7.1 6.3 6.0 6.7 5.7 5.2 5.3 6.3 6.1

Montana

9.9 9.4 8.8 8.3 8.4 7.2 6.8 6.9 8.1 8.3

Nebraska

8.2 6.8 6.5 6.2 6.2 5.8 5.5 6.2 6.0 6.6

Nevada

12.9 8.8 7.3 9.5 8.9 6.4 5.7 5.5 5.7 5.8

New Hampshire

11.8 7.4 7.4 7.0 7.0 5.3 6.4 5.4 6.4 6.8

New Jersey

15.7 8.1 7.0 7.2 7.4 5.6 5.9 5.6 5.7 6.1

New Mexico

8.5 7.3 8.5 7.1 7.9 6.1 7.5 5.7 6.6 6.3

New York

13.3 7.4 6.9 7.1 7.5 5.9 6.3 5.4 5.7 6.0

North Carolina

8.7 7.9 6.6 6.4 6.8 5.6 5.0 5.4 5.8 6.4

North Dakota

8.9 7.2 7.8 6.9 7.5 6.9 7.1 6.5 6.5 6.7

Ohio

7.8 6.6 6.1 5.9 6.1 5.3 5.2 5.0 5.8 6.0

Oklahoma

7.1 7.9 6.1 6.5 7.1 6.6 5.8 6.1 6.0 7.0

Oregon

9.0 7.4 8.5 6.6 7.0 6.3 6.5 5.6 6.6 6.5

Pennsylvania

10.3 6.2 6.4 5.6 6.2 4.9 5.3 4.6 5.3 5.3

Rhode Island

13.0 7.6 9.8 7.0 7.6 5.3 7.1 5.5 6.4 6.6

South Carolina

8.8 8.0 6.2 6.3 7.2 5.9 5.2 6.1 6.5 6.6

South Dakota

8.6 7.2 7.3 6.8 6.6 5.5 6.2 6.0 5.8 6.5

Tennessee

8.1 7.5 5.6 5.9 6.8 5.5 4.6 5.0 5.8 5.5

Texas

7.3 7.6 5.7 6.7 7.1 6.1 4.8 5.0 5.4 5.4

Utah

9.1 8.1 7.1 6.9 7.3 6.3 5.6 6.1 6.0 6.8

Vermont

12.9 7.6 8.2 8.4 7.9 5.8 8.0 6.1 6.8 7.5

Virginia

10.4 7.0 6.0 6.2 6.8 5.4 5.3 5.4 6.0 6.1

Washington

8.9 7.2 7.9 6.7 7.2 6.3 6.1 5.4 5.8 5.7

West Virginia

8.9 7.4 7.2 6.5 6.7 6.9 6.2 5.8 6.4 6.5

Wisconsin

7.6 6.3 5.8 5.8 5.5 5.1 5.1 4.7 5.4 5.8

Wyoming

10.8 10.0 9.1 8.8 8.9 7.7 7.7 8.3 8.5 8.6

Puerto Rico

11.1 6.6 6.6 7.7 8.3 5.1 4.9 5.0 5.0 5.1

Virgin Islands

7.8 9.9 7.4 10.6 7.4 12.5 5.8 10.8 6.2 8.5

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

 

Last Modified Date: Tuesday, May 10, 2022