The labor market is slowly beginning to show signs of strength.
According to the most recent figures released by the U.S. Department of Labor, weekly applications for unemployment benefits dropped to 348,000 last week – down 13,000 from the previous week and marking the fewest number of initial claims in four years.
The report showed that last week’s decline was the fourth drop in five weeks, also suggesting that fewer workers were being laid off and hiring was beginning to pick up.
The recent announcement comes on the heels of the January unemployment rate announcement, which showed that there were improvements in the labor market. Employers added 243,000 net jobs last month, and the national unemployment rate dropped to a three-year low of 8.3 percent.
Locally, the state’s seasonally adjusted unemployment rate fell to 9.5 percent in December 2011, the fourth consecutive monthly rate drop and the lowest rate in three years.
Gov. Nikki Haley this week announced that South Carolina is one of four states chosen to take part in a national initiative designed to match job seekers with businesses looking for workers.
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Creating, updating and submitting a resume can be a tiring aspect of the job seeking process. So it’s no surprise that very few people exert the extra effort to write a cover letter to go along with the resume. Truth be told, however, it is a wise step to take.
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Businesses, when it comes to filing necessary paperwork for Unemployment Insurance, there is a way you can save valuable time.
Take advantage of the free webinars about filing Wage and Contribution Reports, Requests for Separation Information and Low Earnings/Partial Claims forms online offered through the South Carolina Business One Stop (SCBOS). These hour-long sessions walk you through each filing and offer tips on how to prepare all necessary paperwork so you’ll be ready when it comes time to submit your information.
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Military personnel, mark your calendars.
The U.S. Chamber of Commerce’s “Hiring Our Heroes” free hiring fair is scheduled for March 6 at Fort Jackson. Veteran job seekers, active duty military members, Guard and Reserve members and eligible spouses are invited to attend.
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Bosch Rexroth Corp. in Fountain Inn is holding several job fairs with HTI Employment Solutions over the next three months as the company grows its workforce to meet expansion needs.
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