State employment agency paying down $1 billion loan
The S.C. Department of Employment and Workforce is whittling down its nearly $1 billion federal unemployment loan. The agency said Thursday that is had made an early payment of $75 million, putting it on track to pay off the loan by 2015. The early payment will save the state $1 million in interest over the next two years, the agency said. This is the second early payment the state has made this year, bringing the total payments for 2013 to $219 million. South Carolina has repaid more than $520 million of the $977 million borrowed from the U.S. to pay increased unemployment claims during the depths of the recession.
Kohl’s hiring 50,000 workers – 160 in Midlands – for holidays
Kohl’s said Thursday it would hire more than 50,000 employees nationwide – including 160 in the Midlands – during this year’s holiday season to help with increased traffic at the end of the year. The department store plans to hire an average of 40 associates per store, it said in a press release. The Columbia area has four stores, in Northeast Richland, Irmo, Lexington and Florence. Folks hired at those stores could work from a few hours a week to more than 20, unloading trucks, stocking merchandise or working a cash register. Hiring already has begun and will be complete within the next two months. See KohlsCareers.com for jobs.
Obama calls exports ‘one of brightest spots’ of economy
Wells Fargo to lay off additional 1,800 workers from mortgage department