References: #The Post and Courier
State unemployment rate drops to 9.9% in November, Charleston down to 7.4%
The SC Department of Employment and Workforce released the good word today that South Carolina's unemployment rate fell to 9.9% in November — a 0.6% point drop from 10.5% in October.
According to the official report, "This represents the largest monthly drop since 1976, the first year the Bureau of Labor Statistics made the monthly data series available. The national unemployment rate also saw a significant decrease, from 9% in October to 8.6% in November."
The industry with the largest month-to-month increase was Trade, Transportation, and Utilities (+8,800), with 7,100 of that increase from Retail Trade. Professional and Business Services (+6,600) had the second largest increase.
As for Charleston, the local unemployment rate fell from 8% in October to 7.4% in November.
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