Record-breaking April jobless rate for SC
South Carolina's unemployment rate in April hit an all-time high. WFAE's Simone Orendain reports: The unemployment rate in South Carolina last month was 11.5 percent. That's the highest the jobless rate has been since the federal government started tracking state unemployment in 1976. In March the unemployment rate was 11.4 percent. The April rate is something to be hopeful about, according to University of South Carolina Economics Professor Paulo Gimaraes. "So that was a relatively small jump compared to the ones we had in the previous months. So I think things are slowing down finally. We should be approaching the turning point, I hope," he says. Gimaraes says that turning point will come after the rate peaks at 12 percent. He says while companies aren't hiring, they also appear to have slowed down on lay offs. In North Carolina, the unemployment rate for April was 10.8 percent, which is the same as the month before. Nationally, it was 8.9 percent in April.