Initial Claims in South Carolina
SCICLAIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,996.00
Year-over-Year Change
-16.28%
Date Range
6/10/2006 - 8/2/2025
Summary
The Initial Claims in South Carolina trend measures the number of people in South Carolina who have filed for unemployment benefits for the first time. This data provides insight into the state's labor market and economic conditions.
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
The Initial Claims in South Carolina series tracks the number of new unemployment insurance claims filed by workers in the state. This metric is an important leading indicator of the overall health of the state's economy and can inform policy decisions related to employment and workforce development.
Methodology
The data is collected by the U.S. Department of Labor through state workforce agencies.
Historical Context
Policymakers and economists monitor this trend to gauge the strength of the labor market and assess the potential need for economic stimulus or other interventions.
Key Facts
- South Carolina reported over 20,000 initial claims in January 2023.
- Initial claims typically rise during economic downturns as more workers lose their jobs.
- The state's initial claims data is released weekly by the U.S. Department of Labor.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in South Carolina trend measures the number of people in the state who have filed for unemployment benefits for the first time in a given period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of South Carolina's labor market and overall economic conditions, which is valuable information for policymakers, businesses, and individual consumers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor through state workforce agencies that process unemployment insurance claims.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor initial claims data to assess the need for economic interventions, such as adjusting interest rates or implementing employment programs, to support the labor market and overall economy.
Q: Are there update delays or limitations?
A: The initial claims data is released weekly by the U.S. Department of Labor, providing timely information on the state's labor market conditions.
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Citation
U.S. Federal Reserve, Initial Claims in South Carolina (SCICLAIMS), retrieved from FRED.