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Columbia Business Monthly

#YeahTHATAgenda: June's Fed Report: Continued Positivity for Palmetto State; Boeing Suit; Charlamagne Tha God; Best of Columbia: Amazon's Door-to-Door Delivery Robot

Jun 14, 2019 01:40PM ● By Chris Haire
Hospitality, manufacturing, and education and health services top job growth in South Carolina in latest Federal Reserve report: The June Richmond Fed Snapshot and April's figures show an uptick in unemployment across the state's key metropolitan areas, except for Charleston, where unemployment figures remained the same as March.

In Columbia, Greenville, Myrtle Beach, and Spartanburg, unemployment rose 0.1 percentage points uniformly. However, in those all those areas except for Greenville, the unemployment rate was down from April 2018; Greenville's April 2019 rate was the same as the year prior. 

Across the board, the metros saw an increase in the labor force participation rate, month-over-month, but considerable gains year-over-year. In South Carolina, the labor rate increased 0.4 percent March to April and 1.80 YoY. For the metros, the YoY rate was: 2.23 for Charleston, 0.93 for Columbia, 1.41 for Greenville, 3.14 for Myrtle Beach, and 1.57 for Spartanburg. 

The top three industries experience YoY job growth were hospitality (up 3.4%), manufacturing (up 3.3%), and education and hospital services (up 2.6%).

First quarter median family income was up, YoY, for Charleston (4.56%) and Greenville (7.82%) but down for Columbia (-1.43%). There were no figures for Spartanburg and Myrtle Beach.

New housing permits were up in Charleston, Greenville, Myrtle Beach, and Spartanburg, but down in Columbia. On the other hand, first quarter median home sales prices were up, YoY, for Charleston (4.06%), Columbia (5.04%), and Greenville (3.73%) but down for Spartanburg (-0.18%). Myrtle Beach was not represented.
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