Number of unemployed in S.C. hits 25-year high

By: Associated Press
By: Associated Press

November 21, 2008

COLUMBIA, S.C. -- South Carolina's jobless rate hit 8 percent in October -- the highest in 25 years.

The state Employment Security Commission said Friday that 16,000 people joined the ranks of the unemployed in October. The jobless rate last month was up from 7.3 percent in September.

The nation rate was 6.5 percent.

Employment Commission executive director Ted Halley says there were 4,100 more jobs in October than in September, but more people were looking for work.

Meanwhile, the state fund used to pay unemployment benefits is being depleted by the high numbers of people out of work. The state has received a $15 million loan from the U.S. Labor Department to supplement the remaining $64 million in the unemployment insurance
trust fund.

(Copyright 2008 by The Associated Press. All Rights Reserved.) is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
Mailing Address: P.O. Box 1212 Augusta, GA 30903 Main Telephone: (803) 278-1212 Newsroom: (803) 278-3111 Fax: (803) 442-4561
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 34874069 -
Gray Television, Inc.