Unemployment Rate Continues to Drop, Employment Gains Remain Robust
The state’s seasonally adjusted unemployment rate fell for the fifth consecutive month, declining from 5.7 percent in September to 5.6 percent while the number of people working in South Carolina continued to surge. This unemployment rate is the lowest level since June 2007.
In October, the number of people employed increased by 7,886 to a record level of 2,128,894 while the number of unemployed individuals decreased by 2,395 to 126,577 and the labor force reflected a modest increase of 5,491 to 2,255,471.
Since October 2014, the unemployment total has decreased by 19,155 people, and the labor force has grown by 46,977. In addition, employment rose by 66,132 over the year, the largest 12-month gain since July 1983-84.
Nationally, the unemployment rate dropped from 5.1 percent to 5.0 percent.
Read the full employment report here.