Rankings

Website: South Carolina has America’s Fastest-Growing Job Market

Published

1 year ago

October 7, 2023

The Digital Project Manager (DPM) released a report on which states have the fastest-growing job markets and they ranked South Carolina as having the fastest-growing job market in the country.

To come up with their rankings, the company 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. 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, falling just short of South Carolina. 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.

On the opposite end of the scale, Washington has the worst business growth rate of -16.80%. The state had 284,440 establishments in December 2022, which decreased by 47,644 in December 2022; Washington was the only state to witness a decrease of establishments.

Job openings rates by state:

Ranking	State	Jul-13	Jul-23	Percentage increase
1	South Carolina	2.8	6.8	142.86%
2	Minnesota	2.6	6.3	142.31%
3	Kansas	2.2	5.3	140.91%
4	West Virginia	2.9	6.9	137.93%
=5	Arkansas	2.4	5.7	137.50%
=5	Louisiana	2.4	5.7	137.50%
6	Mississippi	2.7	6.4	137.04%
7	Connecticut	2.2	5.2	136.36%
8	Illinois	2.3	5.4	134.78%
9	Maine	2.7	6.3	133.33%
10	Massachusetts	2.6	6	130.77%