Thursday, September 8, 2011
Unemployment is up, but so is the number of new jobs
Did you know that while the unemployment rate is up in South Carolina, to 10.9 percent, so is the number of jobs?
During July the number of jobs grew by 4,100, the highest rate of growth this year. However, the number of people looking for work grew by 10,360, contributing to the increase in the unemployment rate.
For the Greenville metropolitan area, the unemployment rate fell to 9.6 percent as the number of jobs grew faster than the number of people looking for a job. In fact, Greenville is the only metro area in South Carolina where the unemployment rate fell both in July 2011 compared to June as well as compared to July 2010.