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