South Carolina’s seasonally-adjusted unemployment rate dropped for an eighth consecutive month in December, as a growing labor force and drop in those considered unemployed helped lower the rate to the lowest in more than 15 years.
According to new data released by the state Department of Employment and Workforce on Monday, South Carolina’s unemployment rate dropped to 4.3 percent in December from 4.4 percent a month earlier. South Carolina has not reported a 4.3 percent or lower rate since May 2001. The agency credited a net 3,200-person reduction in those listed as unemployed combined with 8,700 more people listed as working.
SCDEW said the total raw number of South Carolinians listed as “unemployed” dropped below 99,000 in December — the lowest since April 2001. [Read more…]