South Carolina’s unemployment rate edged down to 8.6 percent in February from 8.7 percent in January, data from the S.C. Department of Employment and Workforce (SCDEW) revealed.
Pacing the decline? A whopping 8,000 new government jobs – as well as 3,800 new positions in “education and health services,” a sector of the economy which is driven [...]
SC Unemployment Rate Down Slightly
SC Unemployment Rate Inches Back Up
STRING OF RECENT DECREASES SNAPPED
With no government job growth to fuel its decline, South Carolina’s unemployment rate ticked back up in December 2012 – from 8.3 to 8.4 percent.
Over the previous three months this widely watched economic indicator plummeted from 9.1 to 8.3 percent, although as we’ve noted on several occasions this precipitous decline was [...]
U.S. Unemployment Rate Unchanged
LABOR PARTICIPATION RATE REMAINS NEAR 30-YEAR LOW
The American economy added 155,000 jobs in December – roughly the same number it added in November. Unfortunately the nation’s labor participation rate remained stuck at 63.6 percent - just 0.1 percent above a three-decade low (recorded in August). By contrast, the labor participation rate stood at 65.7 percent when Obama [...]
SC Unemployment Rate Drops Again
GOVERNMENT JOBS STILL DRIVING THE DECLINE, THOUGH
South Carolina’s unemployment rate dropped for the third straight month in November – but once again the decrease was fueled by the addition of thousands of government-funded jobs.
Of the 7,100 new jobs the state took credit for creating last month, 3,100 of them were government positions. Meanwhile another 1,200 [...]
SC Labor Force Shrinks By More Than 12,000 Workers
PALMETTO STATE’S UNEMPLOYMENT RATE HOLDS AT 9.6 PERCENT THANKS TO “SHRINKAGE”
South Carolina’s unemployment rate held at 9.6 percent in August – but only because the state’s labor force shrank to its lowest level since detailed record-keeping began in 1976. Nationally, the unemployment rate declined from 8.3 to 8.1 percent last month – but again, that [...]
SC Dems To Nikki Haley: “Do Your Job!”
GOVERNOR URGED TO STOP CAMPAIGNING, GET BACK TO WORK
On the day after Labor Day, South Carolina Democrats blasted “Republican” Gov. Nikki Haley for slacking off on the job.
“It has been two weeks since Nikki Haley has shown up for work,” said S.C. Rep. James Smith (D-Richland). “Instead she has been chasing every news camera she [...]
Tom Davis: Crony Capitalism To Blame For Rising SC Unemployment
STATE SENATOR RIPS PALMETTO STATE’S “SECRETIVE TOP-DOWN PLANNING”
South Carolina’s leading fiscal conservative lawmaker is blaming “rampant crony capitalism” and the “corrupt politics of favoritism” for the Palmetto State’s rising unemployment rate. S.C. Senator Tom Davis (R-Beaufort) didn’t name names, but he didn’t mince words in slamming the failed command
“Today’s unemployment figures for South Carolina are [...]
Senator Tom Davis Issues Statement On SC Unemployment Numbers
FIGURES ARE “VERY DISCOURAGING”
“Today’s unemployment figures for South Carolina are very discouraging. In the past three months, our state’s unemployment rate has increased from 8.9 to 9.6 percent, more than three times the growth of the national rate. Meanwhile state average per capita income remains only at about 84 percent of the national average. In [...]
SC Unemployment Rate Climbs … Again
RATE CLIMBS TO 9.6 PERCENT IN JULY
For the third month in a row, South Carolina’s unemployment rate is on the rise … and its labor force continues to shrink. The Palmetto State’s unemployment rate climbed to 9.6 percent in July, up from 9.4 percent the previous month. More than 4,000 people were added to the [...]
SC Underemployment Rate: 17 Percent
THIS IS THE REAL JOBS NUMBER TO WATCH
The most watched economic indicator in America – and in South Carolina – is the official government unemployment rate. For those of you educated in one of the Palmetto State’s failing public schools, this rate is defined as the percentage of the civilian labor force that is presently [...]
SC Job Losses Coming
PALMETTO STATE’S UNEMPLOYMENT RATE LIKELY TO CONTINUE RISING
Last November this website published a story about how South Carolina – which continues to lag behind the rest of the nation in jobs, investment and income levels – was particularly susceptible to a European economic crisis.
“In the increasingly likely event that Europe plunges headlong into another full-blown [...]
More “Business Tax Relief”
HERE WE GO AGAIN …
Last year, S.C. Gov. Nikki Haley and leaders of the “Republican-controlled” S.C. General Assembly patted themselves on the back for providing certain Palmetto State businesses with $146 million (later reduced to $141 million) worth of “employment insurance tax relief.”
The only catch?
This so-called “tax relief” was nothing but a modest reduction in [...]
