Growth of S.C. economy shifting to cruise control, economist says

Charleston Regional Business Journal
Ashley Heffernan
January 18, 2017

South Carolina’s economic growth is shifting from acceleration to cruise control, according to a prominent S.C. research economist.

Joseph Von Nessen, who conducts economic impact analyses, forecasts and survey research at the University of South Carolina, spoke today at a residential market update event hosted by the Charleston Trident Association of Realtors.

The Charleston region is leading the way for much of that growth. Charleston’s average employment growth between 2015 and 2016 was 3.2%, which is higher than the Columbia region’s rate of 1.4%, the Upstate’s rate of 1.7% and the statewide rate of 2.2%, Von Nessen said.

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