Local News

Economists Hold Steady Predicting Big Revenue Loss In SC

Economists who predict how much money South Carolina will have to spend didn’t make massive adjustments to their estimates that the state will lose $700 million in next year’s budget in large part because of the coronavirus.

Jobless Rate Spikes To 14.7%, Highest Since Great Depression

The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.

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