![]() Suber about those numbers, he said he did not have them in front of him. “To look at the initial claims they’re coming down, but the continued claims are still very very high," Munn said.Īccording to BLS, they are at an all-time high in SC at 260,409 coming out of April. These are people who still cannot return to work and continue to request benefits. The agency counts what is called 'continued claims'. What the initial claims do not show is how many remain. If the economy was a sports car, it ran into a tree." "South Carolina is similar to every other state in the country for the most part in that things were humming along quite nicely and the labor market was pretty strong. “It’s very important to remember that every single one of these numbers that we talk about is a person," Munn said. That's hundreds of thousands of people who claim to have lost their jobs. SC DEW also shared that more than 486,000 total initial claims have been filed in the state. This past week, SC DEW reported a 14,200 drop in initial claims down to roughly 32,500. He said not everyone receives them when they file a claim. When someone files their initial claim for unemployment benefits, they may not receive them according to Munn. "You have to wait a month of a month and a half to get those numbers." "The reason we are talking about them and not a more traditional measure like the number of unemployed or the unemployment rate is because those numbers are reported more on a lag," Munn said. This comes from data Munn pulled from the BLS that has tracked South Carolina's unemployment claims since 1987. Only one week that dates back to a recession in the early 2000's saw claims near the level they are now. He said that seven out of the worst eight weeks ever recorded for unemployment claims in South Carolina were the past seven weeks we just experienced. ![]() Munn specializes in several economic sectors, regional or state economics is one of them. who is the Associate Dean of Business at Francis Marion University. “The reason we are talking about initial unemployment claims, in this case, is because they are reported on a week lag, and that’s how quickly this thing has taken root," said Johnathan G. So why are we only hearing the initial claims for unemployment benefits from state officials? We asked an expert. Fewer South Carolinians file initial unemployment claims.South Carolina unemployment claims drop for 3rd straight week.The week ending on May 2, it was over 12%. Bureau of Labor Statistics (BLS) IN January. It was less than 1% back in January according to the U.S. That's how the unemployment rate is measured, according to DEW Executive Director Dan Ellzey. In fact, it's a survey according to SCDEW officials.Ĭensus Bureau employees contact 60,000 eligible sample households and ask about the labor force activities (job-holding and job seeking) or non-labor force status of the members of these households during the survey week – which is the week of the 12th of each month. This is why things like the unemployment rate do not really factor in the number of claims. Suber says those people needing aid are either finding work or no longer needing benefits. So now we are seeing a decrease for the fourth consecutive week." "At the height of the pandemic, our highest week I think was over 86 or 87,000 claims. ![]() "We were averaging between one to 2,000 claims on a weekly basis," said Suber referring to what unemployment was like roughly 11 weeks ago. Suber did not use the term 'good news' once in the entire interview. However, that number does not point out the overall status of joblessness in the state.ĪBC 15 sat down with SC DEW Chief of Staff Jamie Suber to ask about other numbers that play into the unemployment insurance market. ![]() (WPDE) - This past week officials at the South Carolina Department of Employment and Workforce called another decline in jobless claims 'good news'. ![]()
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