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Moore School Web Site | Division of Research | Publications of the Institute of Applied Research | B&E Review | B&E Review, Volume 51 | Vol. 51, No. 3




 

Page 2 of Trends

South Carolina Economic Facts

ECONOMIC DEVELOPMENT
Personal Income (in millions) 

Oct-Dec 2004

Oct-Dec 2003

Percentage
Change

$115,776 $110,479 +4.8
EMPLOYMENT TRENDSa

Dec-04

Dec-03

Total Nonagricultural Employment (Seasonally Adjusted) 1,838,600 1,811,600

     + 1.5

Construction 111,700 112,100 - 0.4
Manufacturing 269,200 272,200 - 1.1
Trade, Transportation, and Utilities 361,000 352,800 + 2.3
  Information 25,700 26,800

- 4.1

  Financial Activities 90,000 91,100 - 1.2
    Professional and Business Services 188,000 186,300 + 0.9
Education and Health Services 196,400 183,800 + 6.9
Leisure and Hospitality 198,600 189,500 + 4.8
Other Services 64,600 64,300 - 0.5
Government 341,900 340,000 + 0.6
  Total Unemployment Rate (Seasonally Adjusted) 6.7% 6.7%

BUILDING PERMITSb

Jan-Dec 2004

Jan-Dec 2003

Residential (Number of Units) 35,484 31,553 + 12.5
Nonresidential (Thousands of Square Feet)  23,729 23,746 - 0.1
economic indicesb
Dec-04 Dec-03
S.C. Leading Index (1992=100) 114.1 114.0 - 0.3
S.C. Coincident Index (1992=100) 122.6 120.5 + 1.7
GENERAL FUND REVENUEc
Year-to-Date (Fiscal Year)

Jul '03 - Dec '04

Jul '02 - Dec '03

Individual Income $1,597,463,552 $1,491,479,960 + 7.1
Sales and Use $902,884,074 $870,080,383 + 3.8
Total, General Fund Revenue  $2,912,130,319 $2,746,358,304 + 6.0
BUSINESS TRADEd      
 

Jan-Dec 2004

Jan-Dec 2003

 
Gross Sales  (millions) $109,467.7 $99,724.7 + 9.8
Sources:    
aS.C. Employment Security Commission    
bSouth Carolina Economic Indicators (Seasonally Adjusted)     
cS.C. Board of Economic Advisors
dS.C. Department of Revenue    
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