More people in South Carolina are in the labor force than ever before, according to records by the South Carolina Department of Employment and Workforce. But the unemployment rate for October crept slightly from 6.6 percent in September to 6.7 percent.
The number of unemployed grew by 2,291 to 146,713. And the number of workers grew by 7,196 to 2,045,499.
From September to October, 9,487 people joined the labor force, which reached a record high of 2,192,212 participants.
This growth in participation is a good sign, signaling workers are more hopeful or more determined to find employment. But it doesn’t automatically mean the economy is strong enough to handle the increased demand for employment.
DEW Director Cheryl Stanton had this to say about October’s employment situation:
“In October, South Carolina’s labor force hit an all-time high with an estimated 2.2 million people employed or actively looking for work. As the state’s economy continues to grow, South Carolinians are seeking new employment opportunities. DEW will work with job seekers to match them with the more than 65,000 available jobs.”