You are the owner of this article.
You have permission to edit this article.
Edit
top story
From the Business Newsletter

Employers in the Carolinas reported lowest-ever availability of skilled workers in June

  • Updated

You’re seeing the Post and Courier's twice weekly business newsletter. Get all the openings, closings, and the business stories that are shaping Charleston and South Carolina here.


Good afternoon. The anniversary of the Battle of Sullivan's Island, known as Carolina Day, is Friday. Fort Moultrie will recognize the day with special programs and free admission Saturday. In preparation, check out this piece on the mystery of how enslaved ship-pilots affected the battle's outcome. 

THE ONE TO WATCH: Carolinas are still struggling to find talent

Economy Jobs Report A Lookahead (copy)

The index for skills needed was the lowest on record for this month's Carolinas Survey of Business Activity from the Federal Reserve Bank in Richmond. (AP Photo/Rogelio V. Solis, File)

Business conditions in the Carolinas strengthened this month, according to a report released today from the Federal Reserve Bank of Richmond. The general conditions index rose from 10 last month to 18. 

Survey results also showed positive growth in employment and wages during June, but employers continue to have difficulty finding workers with necessary skills. This month's index for the availability of skilled workers in the Carolinas was the lowest on record, according to the report. 

The indexes are equal to the percentage of firms that reported increases in a category minus the firms that reported decreases. All of the businesses surveyed are located in either North Carolina or South Carolina

The availability of skilled workers has been decreasing almost every month this year:

  • January: -7
  • February: -11
  • March: -16
  • April: -14
  • May: -18
  • June: -25

Recent Beige Book reports, which give anecdotal information from firms, have also noted labor force concerns. This month's report found that businesses were having difficulty finding people for a wide variety of positions, including accounting and finance professionals, IT professionals, engineershealth care professionals, electricians and construction workers.

An earlier report found that employers in the Carolinas were starting to offer  bonuses to attract and retain workers. The April report said that a Charleston hotel was unable to open many of its rooms due to an inability to find staff.

Survey respondents in Thursday's report also indicated that they expect the issue to continue for at least the next six months. 

In Charleston, the need for skilled workers has been particularly highlighted by the city's hotels, restaurants and attractions. At Explore Charleston's annual meeting last week, board chairman and Charlestowne Hotels president Michael Tall reiterated again that finding and retaining workers is the tourism industry's "greatest challenge" and "clearest opportunity." 

We're starting a weekly newsletter about the business stories that are shaping Charleston and South Carolina. Get ahead with us - it's free.


Taking advantage of that opportunity, he said, means presenting clearly defined career paths to the industry's entry-level workers. 

"Otherwise, they'll leave Charleston for cities like Washington, D.C. or Dallas, and we will have lost one of our greatest human assets," Tall said. 


Want to receive this newsletter in your inbox every Monday and Thursday? Sign up for free.


OPENINGS AND CLOSINGS:

OTHER STUFF YOU SHOULD KNOW: 

  • Delta Air Lines is launching nonstop, daily service between Minneapolis-St. Paul and Charleston International on Friday. (Post and Courier)
  • new software problem has been found in the Boeing 737 Max that is likely to further delay the plane's return to flying. (Associated Press)
  • The Medical University of South Carolina is suing Medicare over money it says it should be getting to run its pharmacy school. (Post and Courier)
  • The Medal of Honor museum project that was originally bound for Patriots Point will either be built in Arlington, Texas or Denver. (Post and Courier)
  • Southwest Airlines is the biggest operator of the 737 Max in the U.S. While the jet remains grounded, the airline has had to improvise. (NPR)

SOUND SMART AT WORK:

ILA building (copy) (copy)

The president of the International Longshoremen's Association No. 1422 plans to move forward with the sale of the union's headquarters on Morrison Drive in Charleston. File/Staff.

"Hey boss, did you know the International Longshoremen’s Association Hall on Morrison Drive was designed by Charlestonian Harvey Gantt?"

Many consider the building to be Gantt’s most interesting building in his native city. A plan to sell it is moving forward, despite opposition from union members. If sold, the hall is too young and too far north of the historic district to be protected under the city's preservation laws. 

HIRES AND PROMOTIONS:

  • Grant Gongloff joined Samet Corp. as project executive. 
  • The chief revenue officer at Ceterus is now Kyle Johnson
  • Billy Cooke was promoted to vice president at Holder Properties
  • Lou Hammond promoted Kelsey Donnelly to account supervisor. 
  • The chief operating officer at Imaging Specialists is now Chad Wiggins
  • Edwin Melendez joined Hussey Gay Bell as a senior design technician. 
  • The executive director at Charleston Legal Access is Lana Kleiman

Do you want this newsletter delivered to your inbox? Subscribe here.

Craving more? Check out all of the Post and Courier's newsletters here.

Reach Emily Williams at 843-937-5553. Follow her on Twitter @emilye_williams.

Get up-to-the-minute news sent straight to your device.

Topics

Breaking News

Columbia Breaking News

Greenville Breaking News

Myrtle Beach Breaking News

Aiken Breaking News