View Mobile Site

Local jobless rate on rise with state’s

Retail sales have strong showing

Posted: October 15, 2010 9:30 p.m.
Updated: October 18, 2010 5:00 a.m.

Kershaw County unemployment jumped more than half a percentage to 11.1 percent in August, according to the S.C. Employment Security Commission’s latest figures.

Kershaw County nearly mirrors South Carolina’s rate of 11 percent, which is up from 10.8 in July. Last year, the state’s unemployment in August was 11.5 percent.

National unemployment in August was 9.6 percent, however, which is better than this time last year, when it was 9.7.

The county’s economic development director, Nelson Lindsay, said there wasn’t anything specific he can attribute to the unemployment spike other than companies being hesitant to bring employees onto their payroll.

Kershaw County retail sales are up significantly this year compared to last year. 2010 Year-to-date sales are more than $740,000 compared to approximately $692,000 in 2009.

The total civilian labor force in the county is listed at just more than 30,000.

From a development standpoint, the county received good news last week when New South announced an expansion of its lumber mill in Camden.

A fees-in-lieu-of-taxes agreement is being considered by Kershaw County Council which would levy a 7 percent assessment ratio on an investment by New South of at least $2.5 million by Dec. 31 and would decrease to 6 percent if the investment reaches $10 million and/or generates 40 new full-time jobs.

The construction in Kershaw County of a new $50 million wood waste-burning energy plant to produce biomass fuel for Santee Cooper was announced in late September. The plant is anticipated to be completed by late 2012 and is expected to generate 20 jobs and add support to logging, trucking and related industries.

Comments

Commenting not available.
Commenting is not available.


Contents of this site are © Copyright 2018 Chronicle Independent All rights reserved. Privacy policy and Terms of service

Powered by
Morris Technology
Please wait ...