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Gov. Sanford Issues Statement on Unemployment Rates
PRESS RELEASE
November 22, 2005
FOR IMMEDIATE RELEASE
Contact: Joel Sawyer
803-734-2100
[email protected]
Columbia, S.C. - November 22, 2005 - Gov. Mark Sanford today issued the following statement on South Carolina's October unemployment numbers. South Carolina was reported to have a 6.9 percent unemployment rate, due in large part to explosive growth in the state's labor force. During the past two months, South Carolina's labor force has increased by more than 29,000 people - nearly as much growth in the labor force as the previous 14 months combined, according to the Bureau of Labor
Statistics.
"While we're continuing to make progress with respect to job creation, our labor force is increasing even faster - 5,600 more people are working than there were a month ago, but at the same time there are nearly 13,000 more people in the labor force," Gov. Sanford said. "While we're moving forward with respect to creating jobs, if we're going to catch up to the rest of the nation it means catalyzing that
job growth by returning more money to the private sector instead of growing government, and continuing to improve our business climate with changes like the small business income tax cut and lawsuit reform."
-#####-
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