SC Unemployment Rate: 12.6%
By FITSNews || South Carolina’s unemployment rate remained stuck at 12.6 percent in January – a record-high – although the figure technically represents only a slight increase from December’s rate, which was was revised downward to 12.4 percent.
Obviously, South Carolina is benefiting from the same unemployment “adjustments” that masked a jump in the nation’s unemployment (and under-employment) rate last month.
The Palmetto State’s unemployment rate remains the fourth-highest in America.
According to data released by the embattled S.C. Employment Security Commission, the state’s economy shed another 4,600 jobs in January (pushing the total number of statewide, recession-era job losses to 114,500). That means a record 273,455 South Carolinians are out of work – and that’s before you start counting the state’s “under-employed.”
For the first time since the recession began, government jobs saw a sharp decline in January – down by 4,500. Of course, the total number of government jobs (354,300) is still up – by 5,100 positions – from January 2009.
Unemployment data for February will be released in two weeks.
January 2010 S.C. Unemployment Data