Job loss in South Carolina
SOUTH CAROLINA: Jobs leaving South Carolina at a fast rate
State economists are concerned about jobs in South Carolina, as the state has the fastest growing unemployment rate in the nation. Don Schunk, a research economist at Coastal Carolina University, said, "The speed with which things have deteriorated is unprecedented."
Economists don’t see a silver lining. As more people worry about job losses, they reduce spending. That leads to a decline in business, which causes more job cuts.
“There’s nothing in the short term that shows things are going to slow down,” Schunk said.
Also in the South:
ALABAMA: State employee furloughs approved by Personnel Board
ARKANSAS: House committee kills bills on third-party and independent candidates
FLORIDA: State Senators want to post government spending on Website
GEORGIA: Long 'crossover day' expected in legislature today
KENTUCKY: House wants to dump Commonwealth Accountability Testing System
LOUISIANA: PETA wants Gov. Jindal to create "Chicken Empathy Museum"
MISSISSIPPI: Governor to consider red light camera ban, limit on eminent domain
NORTH CAROLINA: Unemployment hits 9.7% in state
TENNESSEE: Stimulus funds to help fight crime in state
VIRGINIA: More legislators join in drive to oust state GOP chairman
Opinion:
Gail Kerr: Where's the common sense from Tennessee legislators?
"Welcome to Tennessee, where it's debatable whether driving while looking down is a bad idea, but bringing a commemorative bottle of wine home from vacation is a crime against the state."
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