COLUMBIA, S.C. (WSPA)– Unemployment numbers in the state are the lowest they’ve been in more than a decade. That’s right a new report released by the Department of Employment and Workforce shows on average unemployment in the state is under 4%.
The number of people working in South Carolina hit a record high in October. More than 2.2 million people were employed bringing unemployment down to its lowest number since 2001.
The director of communications for DEW explains how low unemployment means that the economy is improving. “That’s a sign of how robust the economy is right now. Employers are hiring, they’re putting people to work. When the last recession hit the state had to borrow close to $1 billion to pay out unemployment claims.”
Low unemployment also means more businesses are coming to South Carolina. Tedd PItts the president of the S.C. Chamber of Commerce talked about some growing industries in the state.
“A lot of that is driven by existing industry in SC that continues to be successful and grows and adds jobs and workers, but in addition South Carolina has become a destination for industries like manufacturing, aerospace, and automotive,” said Pitts.
Manufacturing ranked as one of the top hiring industries in the state. MOre than 8000 people were hired in the field since October 2016. But experts say to continue to move in this direction, the state has to work on creating a talent pool.
“Different jobs require different skill sets so the state really needs to focus on making sure South Carolina workers are ready to do the jobs of tomorrow and not jus thte jobs of today,” added Tedd Pitts.