Home » SC is One of the Worst States to Live and Work in for 2023, New CNBC Report Says. Here’s Why
Business Economy Featured News South Carolina US

SC is One of the Worst States to Live and Work in for 2023, New CNBC Report Says. Here’s Why

South Carolina is the fourth worst state to live and work in for 2023, a new CNBC report says. CNBC, the nationwide business and finance news organization, each year ranks states on how welcoming they are to workers and their families.

The annual report includes multiple quality of life factors, such as crime rates, health care, environmental quality and child care. Inclusiveness in state laws, such as protections against discrimination and support of voting rights, also help determine the rankings. This year, South Carolina tied for fourth place with Alabama in the report.

Here is what CNBC had to say about South Carolina’s low ranking. “South Carolina is an unhealthy state, both at home and on the job,” CNBC states. “The state has the nation’s fifth-highest rate of occupational deaths and it finishes in the top 10 for frequent physical and mental distress overall. Legal protections for workers are limited and the state’s violent crime rate also finishes in the top 10.”

These downsides have seemingly done little to hinder South Carolina’s economy or dissuade people from moving to the state as of late, however.

South Carolina had a 3.1% unemployment rate in June, according to the latest statistics available from the S.C. Department of Employment and Workforce. The national unemployment rate was higher in June at 3.6%, Bureau of Labor Statistics data shows. And according to recent U.S. Census data, South Carolina was the third fastest-growing state of 2022.

The Palmetto State’s population grew by 1.7% to a total of more than 5.28 million as of July 1, 2022. In terms of numeric growth, South Carolina ranked sixth — gaining 89,368 residents year over year. Here are the 10 worst states to live in for 2023, according to CNBC.

1. Texas

2. Oklahoma

3. Louisiana

4. South Carolina (tie)

5. Alabama (tie)

6. Missouri

7. Indiana

8. Tennessee

9. Arkansas

10. Florida

Source : The State