State unemployment rate drops to 9.9% in November, Horry at 10.3%

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The SC Department of Employment and Workforce released the good word today that South Carolina's unemployment rate fell to 9.9 percent in November - a 0.6 percent drop from 10.5 percent in October.

According to the official report, "This represents the largest monthly drop since 1976, the first year the Bureau of Labor Statistics made the monthly data series available. The national unemployment rate also saw a significant decrease, from 9 percent in October to 8.6 percent in November."

The industry with the largest month-to-month increase was Trade, Transportation, and Utilities (+8,800), with 7,100 of that increase from Retail Trade. Professional and Business Services (+6,600) had the second largest increase.

As for the Myrtle Beach area, the local unemployment rate fell marginally from 10.4 percent in October to 10.4 percent in November. That's almost a 2 percent improvement of December 2010's 12.2 percent.

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