SC experts say BMW hiring could lower jobless rate -, Myrtle Beach/Florence SC, Weather

SC experts say BMW hiring could lower jobless rate

Greenville, SC -

Associated Press - September 5, 2010 2:15 PM ET

GREENVILLE, SC (AP) - The number of South Carolinians looking for work has been uncharacteristically high the past few years with a record 12.5% of the state's work force unemployed in January.

But some economists say one company could single-handedly reduce the jobless rate with its addition of 1,000 workers over the summer.

The Greenville News reported Sunday that economists say when BMW Manufacturing Co. hires a worker it leads to the hiring of about 3 other workers in other businesses. And that could lower the unemployment rate by more than 1%age point.

With the new hires, BMW will have more than 7,000 workers at its plant located between Greenville and Spartanburg near Greer.

Information from: The Greenville News,

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Powered by Frankly