Friday, December 19, 2008

South Carolina's Unemployment Rate Statistic of the Day

S.C. unemployment rate rises in November, more jobs shed
From "" staff reports

South Carolina’s unemployment rate rose to 8.4 percent in November, while job losses statewide mounted, according to a report released today.

The rate — now the highest since September 1983 — is expected to continuing rising past 10 percent next year.

The number of jobs excluding farms fell 11,900 between October and November and are down nearly 43,000 from November 2007, the SC. Employment Security Commission said.

The big losses came in leisure and hospitality (down 7,800 jobs between October and November), professional and business services (down 4,200 job) because of cuts by temporary help agencies. and construction (2,500 jobs).

Government was November’s biggest gainer, adding 2,700 jobs as schools hired support staff.

Retailers did add 1,300 workers last month for the holiday season, but “this is far below the number typically hired during this time of year,” the commission said.

Read the rest of the story here

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