The State Department of Employment and Workforce (DEW) announced last week that South Carolina’s unemployment has dropped by a half of a percentage point for the second month in a row. The October jobless rate fell to 8.6 percent, 1.5 percentage points lower than a year ago and the lowest rate in nearly four years.
During the same time, the national unemployment moved up slightly to 7.9 percent. Government jobs increased by nearly 5,000 in October, with other gains in trade, financial services and education. However, the hospitality industry posted a loss of 400 seasonal jobs. Read More.