SC

SC Labor Participation Inches Up Again

PALMETTO STATE STILL LAGS WELL BEHIND NATIONAL AVERAGE By FITSNEWS  ||  South Carolina’s labor participation rate inched up slightly in October, according to data published by the U.S. Bureau of Labor Statistics. This metric – a more reliable indicator of the state’s jobless situation than the widely watched unemployment rate…

PALMETTO STATE STILL LAGS WELL BEHIND NATIONAL AVERAGE

By FITSNEWS  ||  South Carolina’s labor participation rate inched up slightly in October, according to data published by the U.S. Bureau of Labor Statistics.

This metric – a more reliable indicator of the state’s jobless situation than the widely watched unemployment rate – printed at 58.3 percent for the month, up marginally from 58.1 percent in September.

Labor participation in South Carolina hit a record low of 57.8 percent earlier this summer.  Shortly after S.C. Gov. Nikki Haley took office, the rate stood at 60.9 percent – but it has been dropping steadily over the last three years.

The Palmetto State has the seventh-lowest labor participation rate in the United States – which averaged out at 62.8 in October (up 0.1 percent from a 36-year-low in September).

For those of you keeping score at home, labor participation represents the percentage of a state (or nation)’s working age population that’s gainfully employed.  It’s a more accurate depiction of the health of the labor market than the unemployment rate – which is the percentage of the labor force that’s actively looking for a job but can’t find one.

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15 comments

No Stranger December 2, 2014 at 2:03 pm

After the temporary holiday jobs come to an end ….. goes without saying.

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FastEddy23 December 2, 2014 at 11:30 pm

Oh contrair’. The stimulation of increases in temporary jobs for the “Christmas Buying Season” is noticeable, certainly by the NLRB and the IRS.

… Happens every time there is any increases in consumer confidence, like right now.

Amazon sales and Walmart online sales so far average +16% over last year. Ford, GM reporting total car/truck sales up +5% over last year, too. … a good indicator that those jobs are not just for holiday temps.

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Just another guy December 2, 2014 at 2:04 pm

Shut the front door. Are you sure Will?

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Bible Thumper December 2, 2014 at 2:09 pm

“Shortly after S.C. Gov. Nikki Haley took office, the rate stood at 60.9 percent”
CORECTION: The labor participation rate stood at 60.4 percent on the several months before, during and after Gov. Haley took office.

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El Rocky December 2, 2014 at 3:56 pm

Nor does it include undocumented immigrants who work hard to support their families and provide their children a bright future.

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Coma Estas December 2, 2014 at 4:36 pm

Yeah ….. they work hard, alright. They work hard at not paying taxes, working for construction companies as “sub contractors” with no license and no insurance. Work hard at getting issued IRS 1099s by these construction companies who hire them as sub-contractors. Work hard at showing up at food banks and accepting hand outs when they are workings as sub-contractors …. yeppers … work hard at stealing hand and power tools from other contractors on construction sites … un-huh. How do I know this? Because I work in the construction industry and I see this and also hear them talking about how they are getting away will all of it. And I hear them talking that they do not want to sign up for amnesty and social security numbers because they will have to pay taxes. That lessens the amount of money that can send back to their families in Mexico. Obama can take his God Damn amnesty crap and shove it so far up his ass, that it comes out of his mouth. Haley’s enforcement of the not long ago state illegal alien law is a bunch of bullshit. its not being enforced. These contractors who are breaking the law need the handle of a hammer broke off in their asses! And the same goes to those who support them.

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aikencounty December 2, 2014 at 9:23 pm

WHAT HE SAID!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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idcydm December 2, 2014 at 6:29 pm

As bad as some think SC is, the lights are on, it ain’t Detroit.

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Good enough for you. December 3, 2014 at 10:46 am

The rallying call of the South Carolinian “At least there’s Mississippi…” now updated to “…it ain’t Detroit”. So pathetic.

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idcydm December 3, 2014 at 9:18 pm

“Good enough for you”, weak user name for a troll. So pathetic.

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Happy now? December 4, 2014 at 3:05 pm

As bad as some think “Good enough for you” is, it ain’t “idcydm”.

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idcydm December 4, 2014 at 3:18 pm

I Don’t Care You Don’t Matter.

ydcyda December 4, 2014 at 5:06 pm

Clearly, I do. Thanks

FastEddy23 December 2, 2014 at 11:21 pm

All in favor of more job participation say “amen”. … And the South shall rise again, hooray. Congrats all around.

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Babies December 3, 2014 at 11:59 am

I thought SC was one of the leaders in labor participation…amoungst pregnant teenagers that is.

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