SC Jobless Rate Dips 1st Time in More Than a Year

The Employment Security Commission said Friday that the state's jobless rate for July was 11.8 percent.

That's the first decline since January 2008. In June, South Carolina's jobless rate was at 12.1 percent, the fourth-highest in the country.

But one expert has said that a dip isn't necessarily good news. Coastal Carolina University economist Don Schunk says that a decrease could simply be the result of fewer people looking for jobs.

The state's labor force dropped nearly 10,000 in July to the lowest level since November 2008.

The national jobless rate was 9.4 percent in July.

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