Tuesday, February 17, 2009

S.C. Loses Out On Stimulus Jobs

Posted by Greg Hambrick on Tue, Feb 17, 2009 at 4:58 PM

South Carolina's high unemployment rate means that it will see less of an impact from the jobs created under the stimulus bill than other states. It seems an equitable distribution of the stimulus aid won out over sending more aid to states hardest hit by the economic crisis (That's not to say that South Carolina would have been smart enough to take the money anyway).

A review of the state-by-state estimates for job growth under the stimulus plan compared to the number of unemployed in each state shows the states with more than 9 percent of the workforce out of a job will barely make a dent in their overall unemployment due to the stimulus. Meanwhile, some other states could see more than half of their unemployed find work in stimulus projects.

For instance: South Carolina, with more than 207,000 unemployed, will only see 50,000 jobs under the stimulus. Wyoming, with 10,000 unemployed, is expected to create 8,000 jobs with stimulus aid. That means, theoretically, South Carolina could put 24 percent of its unemployed to work on stimulus projects, while Wyoming will have jobs for about 80 percent of its people currently without work.

Other states that won't get much help from stimulus jobs: California, Michigan, Nevada, and Rhode Island.

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