Unemployed: Job Losers for South Carolina
JOBLOSSC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,500.00
Year-over-Year Change
-11.18%
Date Range
10/1/2003 - 7/1/2024
Summary
The 'Unemployed: Job Losers for South Carolina' series measures the number of unemployed individuals in South Carolina who have recently lost their jobs. This data is crucial for economists and policymakers to assess labor market trends and the state's economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the count of unemployed people in South Carolina who were laid off or lost their jobs due to factors such as company closures, downsizing, or restructuring. It provides important insights into the dynamics of South Carolina's labor market and is used to inform economic and workforce development policies.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau and the Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this data to monitor the state's labor market conditions and make informed decisions about economic and employment policies.
Key Facts
- South Carolina's job loss rate was 4.2% in 2022.
- Manufacturing and hospitality were the sectors most affected by job losses.
- The number of unemployed job losers in South Carolina peaked during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unemployed individuals in South Carolina who have recently lost their jobs due to factors such as company closures, downsizing, or restructuring.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for economists and policymakers to assess labor market trends and the state's economic health, which informs economic and workforce development policies.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau and the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor the state's labor market conditions and make informed decisions about economic and employment policies.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the Current Population Survey.
Related Trends
All Employees: Professional and Business Services: Services to Buildings and Dwellings in South Carolina
SMU45000006056170001SA
Projected Business Formations Within Four Quarters: Total for All NAICS in South Carolina
BFPBF4QTOTALSASC
All Employees: Government in South Carolina
SCGOVT
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for South Carolina
SCPCEPCFCENPISH
Average Weekly Earnings of All Employees: Other Services in South Carolina
SMU45000008000000011A
Industrial Carbon Dioxide Emissions, Kerosene for South Carolina
EMISSCO2VKSICBSCA
Citation
U.S. Federal Reserve, Unemployed: Job Losers for South Carolina (JOBLOSSC), retrieved from FRED.