South Carolina Labor Force Grows, While NC’s Shrinks
According to the latest data from the Bureau of Labor Statistics, South Carolina’s labor force is growing to record levels while North Carolina’s labor force shrinks to the lowest point since 1976.
South Carolina’s unemployment rate dropped slightly in December, as South Carolina’s record-high labor force continued growing at the same time the number of those with jobs also increased.
December’s jobless rate of 6.5 percent was a decrease from 6.7 in November, according to data released Tuesday by the state Department of Employment and Workforce (SCDEW). January reversed what had been a slowly rising rate since last summer.
The estimated number of South Carolinians working increased by more than 7,200 last month, according to SCDEW. Meanwhile, the state’s labor force increased by nearly 4,500 in that same span at the same time the number of unemployed workers fell by almost 2,800. The net result was both South Carolina’s largest workforce and total labor force ever recorded.
Compared to the news via the Raleigh News & Observer:
The reality is that the percentage of working-age North Carolinians who are participating in the labor force (59.8 percent) is at its lowest since January 1976. In 2014, the labor force actually contracted by 42,245 workers and is now smaller than it was in any month since January 2010.