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 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 [...]
The Wire: 12/13/2012
TIPS, COMMENTS AND QUESTIONS FROM FITS READERS
Welcome to “The Wire,” our pseudo-daily effort to respond to the barrage of info we receive on a daily basis here at FITSNews …
What’s in the news today? The ongoing suspense regarding S.C. Gov. Nikki Haley’s appointment of an interim replacement for the Senate seat being vacated by Jim [...]
SC Jobless Rate Drops To 9.5 Percent
S.C. Gov. Nikki Haley’s abysmal 2011 is seeping over into 2012 … except on the employment front.
Haley’s administration got some good news on Tuesday when the S.C. Department of Employment and Workforce (SCDEW) reported that the state’s seasonally-adjusted unemployment rate fell from 9.9 percent in November to 9.5 percent in December. That’s the lowest unemployment [...]
SC Especially Vulnerable To European Collapse
For those of you who haven’t been following the ongoing debt drama in Europe, things aren’t looking good on the other side of the pond.
Europe’s gross domestic product grew by just 0.2 percent during the third quarter of 2011 – mirroring its weak second quarter performance. Meanwhile the sovereign debt owed by Greece, Italy, Portugal [...]
Relax, SC! We’ve Got “Cheetahs …”
South Carolina’s economy is back in the toilet … not that it ever really left the toilet (at least not when compared with the rest of the nation).
Our unemployment rate is the nation’s third-highest, our competitive position is deteriorating and our state’s economy has officially slipped back into a recession … one of only a [...]
South Carolina Slipping Back Into Recession
Surprise, surprise … the Palmetto state is on the leading edge of the nation’s coming (ongoing?) economic recession.
South Carolina is one of thirteen states that “likely fell into recessionary territory in July,” according to an economic analysis released on Tuesday by Wells Fargo.
The other states?
Alabama, Alaska, Georgia, Illinois, Indiana, Michigan, Montana, Nevada, North Carolina, Vermont [...]
SC “Underemployment” Rate Climbs
South Carolina’s “underemployment” rate – which is a broader, more accurate measure of joblessness than the state’s oft-cited unemployment rate – is on its way back up again.
The rate – a rolling average which is published every three months – climbed to 18.3 percent during the second quarter of 2011 according to the U.S. Bureau [...]
SC’s “Job Killer”
If you thought 2011 would be the year South Carolina’s economy started making inroads on its chronically-high unemployment rate, think again …
Our state’s already diminished competitive position is about to take yet another major hit – this time due to the ongoing cost of jobs we’ve already lost.
Wait … how is that possible?
Well, businesses across [...]
Meanwhile …
While most Palmetto State residents fretted over the ongoing saga of scandal-plagued Governor Narcissus (a.k.a. Mark Sanford), South Carolina dropped eight spots on a list of the nation’s most competitive states.
Compiled annually by CNBC, South Carolina has ranked 29th on the list of “top states for business” in each of the last two years, but [...]
