Skip to main content

Charleston Business

#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.
Live 5 WCSC to begin airing national anthem daily starting Friday (Live 5)

SC ranks among worst states for working fathers, report says (Greenville News)

Adaptive reuse Cotton Mill project opens near downtown Simpsonville (Upstate Business Journal)

Officials make last-ditch plea to U.S. Supreme Court about MOX, plutonium (Aiken Standard)

Macintosh announces new executive chef Stu Rogers (plus fresh menu additions) (Charleston City Paper)

Vote Now for Best of Columbia 2019 (Free Times)

SmashIt/AxIt Now Offering Nonprofit Fundraising Nights (Press Release)

Boeing SC worker allegedly subjected to noose files racial discrimination lawsuit (Post and Courier)

SC-native DJ Charlamagne Tha God is changing the 2020 conversation one candidate at a
 (The State)

Lt. Gov. Evette, Upstate SC Alliance President Lummus outline economic strengths and challenges (SC Biz)

SC entrepreneurial hub expanding to take on more growing companies (Post and Courier)

Barre3 opens new Columbia location, with nail salon as an added bonus (The State)

Boeing Chief Dennis Muilenburg Talks MAX, NMA, 777X And Automation (Aviation Week)

Is e-commerce worth the investment for air cargo? (Air Cargo News)
How Watching Unemployment May Prove A More Robust Recession Tracker Than The Yield Curve (Forbes)

Hydrogen, which has long been touted as the fuel of the future, may finally be on the verge of converting its potential to reality (Bloomberg)

Could a pufferfish toxin be a safe alternative to opioids? (Fierce Biotech)

How one health system reduced costs by $515K: antiseptic bathing (Becker's Hospital Review)

The most expensive U.S. meds, featuring new gene therapies (Fierce Pharma)

Laser Destroys Cancer Cells Circulating in the Blood:The first study of a new treatment in humans demonstrates a noninvasive, harmless cancer killer (IEEE Spectrum)