South Carolina's unemployment rate dropped 2.4 percent in November 2019, marking the third consecutive decline and the giving the state its lowest jobless rate ever, according to the S.C. Department of Employment and Workforce.
South Carolina is currently tied with Utah for the second lowest unemployment rate in the U.S. However, in terms of labor participation rates, South Carolina also has one of the lowest in the country at 57.9 percent, according to the U.S. Bureau of Labor Statistics.
“Labor participation rate is, in my mind, at least equally as important as the unemployment rate,” Dan Ellzey, executive director of S.C. Department of Employment and Workforce, said in a press release.
November data showed that about 58,000 individuals found jobs and 113,800 job vacancies were listed online. Charleston County had over 18,500 online listings during the month, and the Charleston Metro area posted the lowest unemployment rate in the state.