Largest Unemployment Rate Decline Since August 1983
South Carolina’s seasonally adjusted unemployment rate recorded the largest one-month decline since 1983, falling from 6.4 percent in July to 6.0 percent in August. This marked the rate’s third consecutive monthly drop.
Employment set a new record in August, increasing 2,771 to 2,113,743 people. Labor force shrank marginally, down 5,139 to 2,249,028 people. The number of unemployed individuals decreased by 7,910 to 135,285 from July to August. This is the largest ever one-month drop in the data series since its inception in 1976.
From August 2014 to August 2015, the state’s employment level increased by 58,987 people; the labor force grew by 51,997; and the number of unemployed people decreased by 6,990.
Nationally, the unemployment rate fell from 5.3 percent in July to 5.1 percent in August.
Read the full employment report here.