Will the SC jobless rate be much better or worse by 2027? This new study has a prediction
South Carolina could have the 10th lowest unemployment rate in the U.S. by 2027, a new study predicts.
The predicted rating for the state is 2.4%, according to a study by Lensa, an online job-search company. The average annual unemployment for South Carolina in 2021 was 4.0%. The state’s unemployment rate in May was 3.3%, according to the U.S. Bureau of Labor Statistics.
South Dakota was tied with South Carolina for 10th place, with a predicted annual unemployment expected to fall to 2.4% from its 2021 average annual unemployment rate of 3.1%.
The research was calculated by the company by assessing the average change in unemployment rates per each state in the nation. This was then applied to last year’s figures to estimate 2027 unemployment rates and deduce if the trends will continue on their current trajectory.
The study predicts that Utah will have the lowest unemployment rate out of every state in the U.S. in 2027. The predicted unemployment rate has been decreasing steadily over the last 10 years, falling by an average of nearly 10% annually, according to the report.
U.S. states with the lowest predicted unemployment rate in 2027, according to Lensa
Utah
Alabama/Nebraska
Kansas/ Idaho/ Montana
Indiana/ Georgia
Minnesota
South Carolina/ South Dakota
Out of the 11 states with the lowest predicted unemployment rate, Utah placed first with 1.4%, Alabama and Nebraska tied for second at 1.8%, Kansas, Idaho and Montana tied with 2.0%, Indiana and Georgia tied at 2.1% predicted unemployment, Minnesota stood alone with 2.2%, and South Carolina and South Dakota tied at 2.4% predicted unemployment.
The U.S. states with the highest predicted unemployment rate, according to Lensa
Hawaii
New York
New Mexico
California
New Jersey/Connecticut
Alaska/ Nevada/ Maryland/ Pennsylvania
Hawaii ranked first in the country at an estimated 7.7% for the highest estimated unemployment rate by 2027. Lensa attributed the high unemployment rate to the impact tourism has on the state’s economy and recent job losses.
In second place for highest predicted unemployment rates, the state of New York is estimated to rise from 6.9% in 2021 to 7.5% by 2027 if current trends continue.
New Mexico placed third on the list with the highest predicted rate landing at 7.0%, California followed behind at 6.4%, New Jersey and Connecticut were tied with 6.0%, and Alaska, Nevada, Maryland and Pennsylvania were all predicted to land at 5.9%.
