Positive Trends in Unemployment Locally and Nationally

Recent data from the U.S. Department of Labor signals that the economy has strengthened, and employment will continue to increase.  Below is the most current data.

  • For the week of December 3, 2011, the number of unemployment applications filed dropped to 381,000. This is a decrease of 23,000 from the previous week’s total of 404,000.
  • In an 11-week time period, the number of unemployment applications filed decreased nine times. This week’s decrease signaled an eight month low.
  • Employers added a net total of 120,000 jobs last month.
  • The economy generated 100,000 or more jobs five months in a row. This is the first time that has happened since April 2006.
  • The national unemployment rate fell to 8.6 percent in November, down from nine percent in October.  
  • The number of people receiving benefits fell by 174,000 to 3.58 million.
  • South Carolina experienced the fourth largest decrease in unemployment applications filed; down 4,670 due to fewer layoffs in manufacturing.

For more information visit the Department of Labor at http://www.dol.gov/opa/media/press/eta/ui/eta20111720.htm