SC unemployment drops another half point in Oct. - WMBFNews.com, Myrtle Beach/Florence SC, Weather

SC unemployment drops again in October

By MEG KINNARD
Associated Press

COLUMBIA, SC (AP) - South Carolina unemployment has dropped by half a percentage point for the second month in a row.

The state Department of Employment and Workforce said Tuesday that the October jobless rate fell to 8.6%. That's 1.5%age points lower than a year ago. It's the lowest rate in nearly four years.

In September, South Carolina's unemployment had fallen to 9.1%, mirroring a nationwide trend of falling jobless numbers.

In October, national unemployment moved up slightly to 7.9% as more people looked for work. Unemployment rates are now below 7% in 23 of the 50 states. The Labor Department says rates rose in seven states in October and were unchanged in six.

Government jobs in South Carolina increased by about 5,000 in October. There were other gains in trade, financial services and education.

But the hospitality industry posted 400 jobs lost because of seasonal drops.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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