KEYT on Nostr: South Carolina’s population and economy are booming ========== South Carolina's ...
South Carolina’s population and economy are booming
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South Carolina's economy rebounded quickly from the pandemic, with the state's unemployment rate dropping to 3% by December 2023. The state's economic growth is driven by advanced manufacturing and retail and distribution sectors, which have an estimated economic impact of $48.3 billion and employ over 150,000 people. However, the state is facing challenges due to aging demographics, worker shortages, and high interest rates. South Carolina is experiencing strong population growth, attracting both retirees and younger people looking for work opportunities and a lower cost of living. The state's population growth is fueling demand in industries such as healthcare, but there is a shortage of workers in the tight labor market. South Carolina's strategic approach includes investing in technical colleges and workforce development programs to address the workforce challenges. The state's geographic location makes it an ideal hub for companies to import goods and distribute them throughout the Southeast. While the state's economy is booming, South Carolina residents have a dour view of the economy, with many feeling worse off than a year ago. Inflation and the cost of living remain concerns for residents.
#SouthCarolina #Economy #PopulationGrowth #Unemployment #WorkerShortages #AgingDemographics #InterestRates #AdvancedManufacturing #RetailAndDistribution #Healthcare #Inflation
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/02/24/south-carolinas-population-and-economy-are-booming/
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South Carolina's economy rebounded quickly from the pandemic, with the state's unemployment rate dropping to 3% by December 2023. The state's economic growth is driven by advanced manufacturing and retail and distribution sectors, which have an estimated economic impact of $48.3 billion and employ over 150,000 people. However, the state is facing challenges due to aging demographics, worker shortages, and high interest rates. South Carolina is experiencing strong population growth, attracting both retirees and younger people looking for work opportunities and a lower cost of living. The state's population growth is fueling demand in industries such as healthcare, but there is a shortage of workers in the tight labor market. South Carolina's strategic approach includes investing in technical colleges and workforce development programs to address the workforce challenges. The state's geographic location makes it an ideal hub for companies to import goods and distribute them throughout the Southeast. While the state's economy is booming, South Carolina residents have a dour view of the economy, with many feeling worse off than a year ago. Inflation and the cost of living remain concerns for residents.
#SouthCarolina #Economy #PopulationGrowth #Unemployment #WorkerShortages #AgingDemographics #InterestRates #AdvancedManufacturing #RetailAndDistribution #Healthcare #Inflation
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/02/24/south-carolinas-population-and-economy-are-booming/