Hancock County jobless rate tied for third lowest

14 March, 2018, 06:26 | Author: Martin Tyler
  • SC unemployment rate climbs despite more jobs

The state's unemployment rate in January 2018 is at record low 3,1%, state Department of Workforce Development reported. That's up from a revised 4.2 percent in December. The unemployment rate of 3 percent is up slightly from 2.8 percent previous year.

The state has now recovered 100 percent of the jobs lost during the 2008-10 recession.

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St. Johns County still ranks as having the lowest unemployment rate in the state, with Okaloosa in second place.

The number of the state's unemployed residents was estimated at 86,800, seasonally adjusted, up 400 from December.

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The state's nonfarm employment increased by 9,200 overall with job gains led by durable goods manufacturing, up 2,100 and wholesale trade, up 3,200. Most of the loss occurred in administrative and support services (-4,300), a subsector which includes employment agencies. The results reportedly outpaced the expectations of economists, who had anticipated that about 200,000 jobs would be added in the month. Many employers have said they're unable to add jobs because there is a lack of available talent with the right qualifications. Out of a labor force of 10,152,000, there were 397,000 Floridians without jobs for the first month of 2018.

The only category with a year-over-year decline was "other services" at 1,700 jobs. The February report will be released on March 23.

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All Wiregrass counties have jobless rates that are at least 1.4 percent below what they were at this time past year.



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