South Carolina’s unemployment rate fell to a five-year low of 8 percent in April from 8.4 percent in March, the largest month-to-month decrease in more than 25 years.
The jobless rate is the lowest since October 2008 and represents the largest month-to-month decrease since May 1987.
The number of employed people increased by 2,935 from March to April to 1,995,078. This is the tenth consecutive monthly increase in people finding work across the state. The estimated number of unemployed persons was 174,352. Nationally, the unemployment rate declined slightly to 7.5 percent.
“This drop in unemployment is yet another piece of great news for South Carolina,” Gov. Nikki Haley said. “Our outstanding companies, our loyal and dedicated workforce, and our competitive business environment have our economy turning again. There’s no doubt that South Carolina is on the move, and we couldn’t be more excited about the great things in store for our state.”
Read more in later editions of The Post and Courier.