SC unemployment stays stagnant

South Carolina has one of the nation’s highest unemployment rates, but for the first time in months, the numbers remained steady.
South Carolina’s unemployment rate for June was 12.1 percent. The Employment and Security Commission reported in May the rate was 12 percent, that means things stayed stagnant after months of rate increases. In May, South Carolina was ranked third in the nation for highest unemployment, right behind Michigan and Oregon. The Associated Press reported on Thursday, the Board of Economic Advisors cut more than $200 million from a state forecast for tax collections. That’s on top of a $120 million cut the panel announced last month, for the budget year that began July 1. Nationally, the June unemployment rate was 9.5 percent.

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