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Colleton unemployment rates continue to drop

Colleton County’s economy is continuing to thrive, with its unemployment rate improving and following state and national trends.
As of October 31st of this year, Colleton’s unemployment rate fell to 6.3 percent. This is lower than September’s 6.5 percent rating, and nearly one full point better than the county’s rating of 7.2 percent of 2014. According to the Employers Association of South Carolina (EASC), the entire state’s unemployment rates are continuing to drop. “Employment remains robust,” the EASC reported in its month-end report for October.
“South Carolina’s unemployment rates fell for a fifth consecutive month, dropping from 5.7 percent in September to 5.6 in October,” an EASC report states. “The number of people working in South Carolina counties continued to surge.”
Neighboring Dorchester County is sitting at a 5.4 percent rating for October, while Berkeley County has a 5.3 percent rating. Orangeburg has the worst employment rating in the state, with 10.7 percent of its population being unemployed. Charleston County is sharing the best numbers in the state with Jasper and Greenville Counties: according to the EASC, these three counties have a 4.7 percent unemployment rating, as of October 31.
With so many counties doing so well, the trend is shared statewide. The Palmetto State is now seeing its lowest unemployment rate since June of 2007. According to the EASC, the number of people in South Carolina employed in October increased to 7, 886. This is a record level of 2,128,894 people who are employed.
Meanwhile, the number of unemployed people decreased by 2,395 people, to 126,577 individuals.
“Since October of 2014, the unemployment total has decreased by 19,155 people, and the labor force has grown by 46,977,” according to an EASC report. “In addition, employment rose by 66,132 over the year, the largest 12-month gain since July 1983-1984.”
Nationally, the unemployment rate also fell from 5.1 to 5.0 percent.

Heather Walters (678 Posts)