South Carolina’s labor participation rate – or the number of working age persons who are either employed or looking for a job – fell to 58.6 percent in February, the lowest level on record.
It’s a dismal mark the Palmetto State has hit twice before (last November and last December) – and a sign of the [...]
SC Labor Participation Rate Hits Record Low
SC Senator Targets “Reformed” Workforce Agency
South Carolina’s old Employment Security Commission was so incompetent and corrupt that lawmakers decided two years ago to move it into the governor’s cabinet. They also gave it a new name – the S.C.Department of Employment and Workforce (SCDEW).
Problem solved, right?
Wrong … in fact things have actually gotten worse.
In addition to running up an astronomical [...]
Layoffs Loom
At least 115,730 planned layoffs rocked the private sector during the month of September – the highest total since April 2009, when the first round of the lingering American recession was still in full swing.
The layoffs more than double August’s total of 51,114, according to Challenger, Gray and Christmas – the firm which released the [...]
SC Unemployment Rate Climbs Again
For the second consecutive month, the jobless rate in South Carolina is in double digits … and climbing.
According to data released on Friday by Gov. Nikki Haley’s Department of Employment and Workforce (SCDEW), South Carolina’s unemployment rate jumped from 10 percent in May to 10.5 percent in June. The state’s underemployment rate – a broader, [...]
SC Unemployment Rate Drops
South Carolina’s unemployment rate fell to 10.5 percent in January, a reduction that mirrored the national decrease of four-tenths of a percentage point.
Still, even as state officials touted the addition of 13,800 jobs compared to this time a year ago, the state’s labor force has shrunk by more than 9,000 workers over that same time [...]
SC Unemployment Debate Ratchets Up
South Carolina owes the federal government $933 million (and counting) after its chronically-mismanaged unemployment trust fund went belly-up during the recent recession.
To make up that shortfall and replenish the trust fund, state lawmakers approved a massive tax increase on select South Carolina businesses last year – a tax hike which went into effect this year.
Under [...]
SC Unemployment Rate Inches Down
South Carolina’s unemployment rate inched down by a tenth of a percentage point in November, according to data released Friday by the S.C. Department of Employment and Workforce (DEW).
November’s rate of 10.6 percent is slightly lower than October’s revised rate of 10.7 percent – but the ongoing sluggishness of the job market remains discouraging. In [...]
U.S. Still Shedding Jobs
By FITSNews || The American economy shed another 20,000 jobs in January, while its December 2009 job losses were revised to show 150,000 lost jobs instead of the 85,000 previously reported.
Obviously, that’s better news than this time last year, but it’s hardly the stuff of “recovery.”
Indeed, the Labor Department announced Friday that the American economy [...]
Eight Friggin’ Percent
We rely on our “Magic 8-Ball” a lot around here … in fact, it’s pretty much in charge of everything, from deciding which politicians we’re going to fillet on a given day to what toppings we’re going to put on our pizza.
Pepperoni? “Reply Hazy, Try Again.”
Sausage? “It Is Decidedly So.”
Banana Peppers? “My Sources Say No.”
Anchovies? [...]
