South Carolina unemployment rate drops in November

In November, the state's seasonally-adjusted unemployment rate decreased to 7.1 percent from the October rate of 7.5 percent. The number of unemployed residents was 152,584, a decrease of about 10,230, and employed residents increased by 6,343 from October to November to a total of 2,000,756.

The labor force was estimated at 2,153,340 people, reflecting a decline of 3,887.

Since November 2012, the unemployment rate has decreased by 1.5 percent, and the estimated number of unemployed people has declined by 34,674. Over the same period, 19,991 people found work, and 14,683 people left the labor force.

The national unemployment rate for November was estimated at 7.0 percent down from 7.3 percent in October.

With an increase of over 4,600 since last month, November's seasonally-adjusted, non-farm payrolls reached a year-high level of 1,907,100. This was the sixth over-the-month increase since May 2013.

The largest gains were in Government (+1,800); Leisure and Hospitality (+1,300); and Educational and Health Services (+1,100). Additional gains occurred in Professional and Business Services (+700); Manufacturing (+600); and Other Services (+200).

Industry declines were reported in Financial Activities (-600); Trade, Transportation, and Utilities (-200); and Information (-200). Construction had a minimal decline of 100.

Since November of 2012, seasonally-adjusted, non-farm jobs were up 34,100.

SC Department of Employment and Workforce Executive Director Cheryl M. Stanton's released this statement:

"Today's announcement is just another testament of the focus the state has on putting people back to work and driving down South Carolina's unemployment rate," said DEW Executive Director Cheryl M. Stanton. "This is the first time since July 2008 that the state's total employment reached over two million, and though we are happy to see the unemployment rate go down, we recognize that we still have a lot of work to do. In the year ahead, DEW will continue its efforts to facilitate matching available workers to available job openings and ensuring South Carolinians have the resources they need to increase their skills."