South Carolina Unemployment Drops Below 10% (Columbia, Charleston: 2013, house, to buy)

[g-man430]

Originally Posted by Columbiadata

Both pieces of news are what they are. Forbes knows best.

I edited my post. Oh and read the news article. It's not Forbes but rather Manpower-Group that issued the info. Forbes just reported on the news that Manpower published. From the Forbes article:

A survey just released by ManpowerGroup, an employment services firm, supports such optimism. It reveals that employers in all 50 states intend to increase their payrolls during three-month period ending in June. It also tells us exactly where they intend to increase them the most, and where their hopes lag behind. Manpower surveyed more than 18,000 employers in 100 metropolitan areas to find out who’s hiring, who’s firing and who plans to maintain their current staff levels in the second quarter of 2012.

[Mutiny77]

Originally Posted by g-man430

Great to see that Greenville MSA has the lowest unemployment rate. That's what matters the most in my opinion. Goes perfectly along with this: Forbes: Greenville Top In U.S. For New Hires - Greenville News Story - WYFF Greenville and The Best And Worst Cities For Jobs This Spring - Forbes

I wonder if there are any studies done that compare the hiring forecasts to the numbers actually hired afterwards. Nonetheless, it's good to see that employers plan to ramp up hiring in the Greenville area.

[Columbiadata]

Originally Posted by g-man430

I edited my post. Oh and read the news article. It's not Forbes but rather Manpower-Group that issued the info. Forbes just reported on the news that Manpower published. From the Forbes article:

A survey just released by ManpowerGroup, an employment services firm, supports such optimism. It reveals that employers in all 50 states intend to increase their payrolls during three-month period ending in June. It also tells us exactly where they intend to increase them the most, and where their hopes lag behind. Manpower surveyed more than 18,000 employers in 100 metropolitan areas to find out who’s hiring, who’s firing and who plans to maintain their current staff levels in the second quarter of 2012.

Oh, Manpower. Ok. Sorry. I think the info I posted is good news year over year for each of the three MSA's. I don't think it makes Greenville look bad.

[Columbiadata]

Originally Posted by Mutiny77

I wonder if there are any studies done that compare the hiring forecasts to the numbers actually hired afterwards. Nonetheless, it's good to see that employers plan to ramp up hiring in the Greenville area.

Based on the SC Department of Employment and Workforce's current nonfarm employment numbers for the Greenville MSA as of January, 2012, the net gain of 20% that Manpower is predicting during the spring quarter would mean 60,100 jobs added. By comparison Columbia would add 51,885 jobs over the same period at Manpower's predicted 15% net gain for the area. Charleston's net gain is expected to be 14%. I didn't do the math for the number of jobs Charleston would gain. It would be fewer than Greenville's or Columbia's. It will be interesting to see how it all pans out. During some periods MSA's lose ground and during other periods they gain. That's economics.

[g-man430]

Originally Posted by Columbiadata

Oh, Manpower. Ok. Sorry. I think the info I posted is good news year over year for each of the three MSA's. I don't think it makes Greenville look bad.

Exactly why I edited my post. It was my fault and I apologize for it.

[Columbiadata]

The state's unemployment rate fell two tenths of a percentage point in February to 9.1%. In the major metro areas the unemployment rate ticked up a little bit, but as pointed out numerous times by economists, when an uptick in a region's unemployment rate is coupled with a significant increase in jobs, the uptick is probably a reflection of an increase in the number of people looking for work as opposed to having given up and disappeared from the workforce.

Charleston's unemployment rate is 7.8%; Columbia's is 8.1% and Greenville's is 7.7%

From January '12 to February '12, Charleston gained 600 jobs; Columbia gained 3,300; and Greenville gained 1,800. From February '11 to February '12, Charleston gained 6,300 jobs; Columbia gained 7,000 and Greenville gained 4,500.

http://dew.sc.gov/documents/lmi-mont...ruary_2012.pdf

[mattee01]

YAY!.....Less people drawing unemployment. That's good for those paying unemployment insurance, but how is it good for the majority who are still unemployed, but who can no longer draw the insurance?

Next thing you know they'll outlaw unemployment insurance so they can say there is a 0% unemployment.

[myrc60]

Originally Posted by mattee01

YAY!.....Less people drawing unemployment. That's good for those paying unemployment insurance, but how is it good for the majority who are still unemployed, but who can no longer draw the insurance?

Next thing you know they'll outlaw unemployment insurance so they can say there is a 0% unemployment.

How do you think it is for them? Really? With no money coming in they will now transfer to welfare/food stamps instead of unemployment. We've got 2 weeks left here until benefits end and as soon as they do that food stamp application is submitted. I've got kids to feed; a car to keep running so we can be available for interviews; we can't do that without money! The poverty roles in this state will rise; that's not good!

[mattee01]

Originally Posted by myrc60

How do you think it is for them? Really? With no money coming in they will now transfer to welfare/food stamps instead of unemployment. We've got 2 weeks left here until benefits end and as soon as they do that food stamp application is submitted. I've got kids to feed; a car to keep running so we can be available for interviews; we can't do that without money! The poverty roles in this state will rise; that's not good!

You must not have heard the sarcasm in my typing...

[myrc60]

Originally Posted by mattee01

You must not have heard the sarcasm in my typing...

Oh, yes, I did mattee01! I notice in the latest report that some of those figures are actually on the rise again yet because some aren't the state rate goes down. It's going to be a shock when all those people lose EB benefits and it hits our state economy. I think it's going to be a very long time until prosperity hits this country again.