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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.
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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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