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Study: South Carolina is fastest-growing job market in US

Jason Thomas //October 9, 2023//

Study: South Carolina is fastest-growing job market in US

Jason Thomas //October 9, 2023//

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A new study shows that South Carolina has the fastest-growing job market in America, with the rate of available job openings increasing by 142.36% in the last 10 years.  

The rate of job openings has risen in America by 89.29% since 2013, with 33 states performing better than the national average, according to new research from The Digital Project manager, according to a news release.

DPM analyzed data from the U.S. Bureau of Labor Statistics (BLS) on the rate of available job openings in each state across the country in July 2013 and July 2023. 

According to BLS, the national job openings rate in America has risen by 89.29%, from 2.8 in 2013 to 5.3 in 2023, meaning out of every 100 jobs nationwide, there are over five job openings available, according to the release. Approximately 33 states performed better than the national average. Notably, large states like California, Texas and Florida ranked among the slowest-growing job markets. 

South Carolina topped the study as the state with the fastest-growing job market. Over the last 10 years, the rate of available jobs in the state has risen by 142.86%, from 2.8 in July 2013 to 6.8 in July 2023.

Minnesota claimed second in the ranking. The available job openings rate in the state sat at 6.3 in July 2023, representing an astronomical rise of 142.31% from 2.6 back in July 2013. 

“As the American job market continues to stabilize following Covid-19 shutdowns and spiraling employee quit rates, it’s encouraging that job openings rates are rising at exciting rates in the majority of states across the country,” Nuala Turner, Editor of The Digital Project Manager, said in the release.

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