State labor analysts say there is positive momentum in the South Carolina’s unemployment numbers. Seasonally adjusted, the unemployment rate for February decreased to 10.2 percent — an improvement of three-tenths of a percent from January. That means an additional 3,744 people found employment in February when compared to January’s levels.
The Department of Employment and Workforce reports that since February of last year, the state has seen an employment increase of about 18,100 to an estimated level of 1,935,449.
Yet when it comes to the labor force, the state saw a decline for two consecutive months. That was after the numbers showed positive signs in the last four months of 2010.
The total labor force has seen a reduction of approximately 14,989 people since February of last year. The workforce department says this measurement should be closely monitored as it may indicate discouragement over job prospects.
In unemployment rate, South Carolina is doing better than Georgia right now, while North Carolina averaged a rate of 9.8 percent and Tennessee averaged 9.4 percent.