posted on June 17, 2016 02:04
ANDERSON COUNTY UNEMPLOYMENT RATE DROPS TO 4.4%;
EMPLOYMENT EXCEEDS 86,000 PERSONS FOR FIRST TIME;
NUMBER OF EMPLOYED UP MORE THAN 2,000 OVER THE LAST YEAR
- May unemployment rate at 4.4%-- down from 4.7% in April.
- Employment exceeds 86,000 for first time in Anderson County history.
- Anderson County tied with Beaufort and Dorchester counties for 5th lowest unemployment rate in the state.
- Number of unemployed dropped by 254 to 4,008; number of persons in labor force remained stable at around 90,100.
- Last May, the unemployment rate was 5.6% with around 5,000 persons unemployed and 88,900 in the labor force.
For the first time ever, the number of employed persons in Anderson County has exceeded 86,000 according to figures released today by the S.C. Department of Employment and Workforce (SCDEW). The Local Area Unemployment Statistics Report (LAUS) report for May 2016 also shows that almost 2,200 more Anderson residents were employed in May 2016 than in May 2015. All told, 86,091 Andersonians were employed last month, compared to 83,913 in May of 2015.
“Word of these numbers helps to cap off a great week of economic development news in Anderson County”, said County Council Chairman Tommy Dunn. “Coming on the heels of the grand opening of the Coca-Cola distribution facility and the announcement of Engineered Plastic Components bringing 43 jobs and $5.3 million in investment, I can’t help but be optimistic about our prospects in the months ahead. We will keep going ahead full-bore with our economic development recruitment program and work even harder than we have before to maintain our momentum.”
The local unemployment rate in May declined to 4.4% from 4.7% in April, mirroring positive economic trends seen in 45 of 46 South Carolina counties. For the state as a whole, the seasonally adjusted unemployment rate decreased from 5.8% in April to 5.6% in May. Anderson County’s unemployment rate in May 2015 was 5.6%. Anderson County currently is tied with Beaufort and Dorchester counties for the fifth lowest unemployment rate of all South Carolina counties.