SC jobless rate still rising, hits 8.4 percent

By: Associated Press
By: Associated Press

December 18, 2008

COLUMBIA, S.C. (AP) -- An additional 11,500 people in South Carolina joined the ranks of the unemployed last month, driving the state's jobless rate to 8.4 percent.

State unemployment officials said Friday that November's rate was up from a revised 7.9 percent rate in October and compares with a national rate of 6.7 percent. Nearly 183,000 people are unemployed in South Carolina.

The state's top economic advisers have predicted that unemployment could reach an unprecedented 14 percent next year.

The high number of people seeking unemployment benefits has depleted the fund the state uses to make those payments. Unemployment officials have said they will need to borrow $147 million from the federal government to make payments in the first three months of the year.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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