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December 2024 South Carolina Employment Update


South Carolina Governor Henry McMaster’s economic legacy is facing criticism as recent data shows the state’s labor participation rate dropping to 57.5%, five percentage points lower than the national average and the third lowest rate in the nation. This decline has been ongoing since the mid-1990s, coinciding with Republican control of the state government. Despite claims of success by Republican leaders, including former governor Nikki Haley, the state’s workforce has continued to shrink.

The unemployment rate in South Carolina remains higher than the national average at 4.6%, reflecting a trend of stagnation in job creation. The state’s reliance on corporate welfare handouts and special interest giveaways has not improved the situation. With the upcoming release of revised data by the U.S. Bureau of Labor Statistics, it is expected that the declining trend in labor participation will continue to be a cause for concern.

Author Will Folks, a former press secretary to the governor, highlights the need for a closer examination of South Carolina’s economic challenges and the lack of effective leadership in addressing them.

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