Experts: SC economy looking up
Thu, 17 Feb 2011 23:24:24 GMT —
COLUMBIA (WACH) -- According to the experts, the economy is looking good in the South East.
USC Economic Professor Jean Helwege says South Carolina is looking strong when it comes to economic growth.
The Federal Reserve released new numbers showing the economy rose from 3.4 percent to 3.9 percent which is a very good sign that hard times are easing.
However, there are still some issues that need to be addressed in the state.
"It means that companies are going to be making more money and that people should have a little bit more money in their pockets, but unfortunately it doesn't mean that unemployment rates are going to get back to where we would like them to be," Helwege says. "We saw a very high number, and unemployment is always the slowest thing to come down. Of course it's the thing we'd like to come down the fastest."
South Carolina ranks one of the highest in the nation when it comes to unemployment.