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S.C. unemployment numbers dip to lowest mark since February 2001

Human Resources
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South Carolina’s unemployment numbers have dipped to their lowest mark since February 2001, the October jobs report from the S.C. Department of Employment and Workforce shows.

The number of employed workers increased by 1,830 to 2,234,600, with unemployment declining by 251 to 91,091. The state’s labor force increased by 1,579 to 2,325,691 people.

South Carolina’s seasonally adjusted unemployment rate remained unchanged at 3.9% for October. For the last five months, that number has not risen above 4%.

Nationally, the unemployment rate dropped to 4.1% in October from 4.2% in September.

“Last month, South Carolina's robust economy grew further, with businesses hiring more people in nearly every industry sector,” said Cheryl Stanton, DEW executive director, in a statement. “The S.C. Department of Employment and Workforce has done its part in relieving businesses’ tax burden by saving businesses nearly $700 million in unemployment insurance taxes since 2013. This is money that businesses can and have used to reinvest in South Carolina workers.”

Since October 2016, the number of employed people in South Carolina has grown by 38,453, while unemployment has decreased by 10,681.

Unemployment rates in the Charleston and Columbia metro areas remained unchanged at 3.3% and 3.9%, respectively, from September to October. Unemployment increased in the Florence metro area, from 4.3% to 4.5%, and in Greenville, from 3.4% to 3.5%.

Richland County’s unemployment rate ticked up to 4% from 3.9%. Lexington’s remained unchanged at 3.4%.

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