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Economic Indicators

The following indicators give a sense or understanding of how well South Carolina’s economy is performing. Data are divided into four separate categories—employment, income, business/industry, and “other.” For each category, one or more indicators are listed and defined, and in brief, the significance or relevance of the indicator is included. All data are comparable to other states and historical data are available. Select state rankings are also provided. Additionally, the data sources are indicated via hyperlink for each indicator where appropriate. In other cases, sources are simply referenced. Suggested readings are indicated to explain the technical definitions, use, limitations, etc. of the data.

South Carolina Indicators Project

Economic Indicators

At-a-Glance

Categories	Indicators	SC Rank (1=highest)	Data
Employment	1. Annual Average Unemployment Rate (Civilian Labor Force)	4	YR 2006: 6.5%
	2. Percent of People 16 Years and Over in Labor Force (Including Armed Forces)	39	YR 2006: 72.6%
	3. Percent Non-Farm Employment in Manufacturing	12	YR 2005: 14.1%
Income	1. Per Capita Personal Income (Current Dollars)	47	YR 2007: $31,013
	2. Population Below Poverty (3-Year Average)	15	YRS 2004-06: 13.7%
	3. Median Household Income (3-Year Average)	41	YRS 2004-06: $40,822
	4. Average Annual Pay	39	YR 2005: $32,916
Business/Industry	1. Gross State Product % Change in GSP	28	YR 2007: $152,830,000 YR 2006-07: 4.5%
	2. Annual Payroll % Change in Annual Payroll	26	YR 2004: $46,656,784,000 YR 2003-04: 4.6%
	3. Annual Non-Farm Job Growth	27	YRS 2004-05: 2.1%
Other	1. Homeownership Rate	7	YR 2007: 74.1%

Rev. 06.11.2008

Note: Data and rankings most current from comparative files available readily from the U.S. Census Bureau and U.S. Bureau of Labor Statistics.