From the daily archives:

Friday, May 22, 2009

Unemployment in South Carolina has increased for 13 months in a row and the number of unemployed workers has more than doubled in that time. The South Carolina Employment Security Commission reports the April’s rate increased by one tenth of a point—to 11.5 percent and still higher than the nation’s rate of 8.9 percent.

Some good news: The number of nonfarm jobs rose for the second month in a row, gaining 9,700 in April and there were seasonal surges in business as well as in the leisure and hospitality industries. Those gains did not overcome the overall losses for this year, however.

According to ESC figures, manufacturing is still the hardest hit from a year ago. ANd Chester County has the highest rate of unemployment in the state–at 21.8 percent. Lexington County is faring the best, at 7.6 percent.

Roosevelt T. Halley, executive director of the ESC, says “The recent job gains are certainly a welcome sign that has helped slow the pace of the recessionary trend.”

He cautioned, however, that we are not “out of the woods” yet, and that we are likely to see higher jobless rates before the economy begins to improve.

As of March, South Carolina ranked third in the nation in unemployment, behind Michigan and Oregon.   Read ESC Report

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Economy sinking war ships

by Michael Brown 05/22/09 4:55 PM

Patriots Point in Charleston is financially sinking, and so are its ships. Throughout the Memorial Day weekend many visitors will travel down to Charleston to see one of South Carolina’s most visited attractions, Patriots Point, which boards the U.S.S Yorktown.
This year times are tough for the Naval and Maritime Museum, which has a $7 million [...]

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Legislative week: Rocky ending, sequel to come

by Tom Hayes 05/22/09 4:34 PM

The rocky ending to the state legislative session may just be the beginning of an interesting late spring. The final few days of the session stirred up a variety of emotions including frustration in the Senate from Lexington county senator Jake Knotts. “I told y’all, shortening the session was not a good thing for the [...]

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Charleston’s Piccolo Spoleto underway

by Michael Brown 05/22/09 3:48 PM

The world-known Spoleto USA starts this weekend and Charleston’s own Piccolo Spoleto, known as Spoleto’s outreach arm, is kicking off with less money this year. Piccolo founder and director Ellen Moryl says the economy has sure taken its toll on the festival.
“Oh, it’s hit us profoundly, it’s hit everybody. But, ya know, that has made [...]

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McConnell reacts to governor’s lawsuit

by Michael Brown 05/22/09 3:35 PM

Governor Mark Sanford has sued the state of South Carolina, specifically Attorney General Henry McMaster, in federal court after state lawmakers vetoed the governor’s rejection of South Carolina’s portion of the stimulus package. Senate President Pro Tem Glenn McConnell of Charleston says the governor has gone beyond his limits.
“It’s interesting that this governor is seeking [...]

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