According to the South Carolina Department of Employment and Workforce, the state's seasonally adjusted unemployment rate decreased to 10.7% in October from a rate of 11.0% in September.
The DEW says in October, the number of employed increased by 5,859, and the number of unemployed declined by 5,250. This resulted in an increase in the labor force (employed + unemployed) of 609 to 2,153,431.
This combination of an increase in employment along with a decline in unemployment is movement in a positive direction and may signify potential growth for the economy.
Nationally, the labor force declined in October by 254,000, with movement downward in employment (-330,000) and movement upward in unemployment (+76,000). Despite these changes, the October unemployment rate was unchanged at 9.6%.
To read the rest of the news release by the DEW and find out how your county is doing, click here.
