Tuesday, May 1, 2007

Economists Foresee Steady Growth in Lowcountry!

The Charleston Regional Business Journal reports: "In spite of concerns on a national level that the U.S. might come dangerously close to a recession later this year, the economic outlook for the Charleston region looks good . . ."
Read the full article here: http://www.charlestonbusiness.com/pub/13_8/news/9156-1.html

An inset in the print version of the CRBJ quoted these encouraging 2006 statistics from the Charleston Metro Chamber of Commerce:
  • "The region's total employment expanded by nearly 8,000 new jobs to reach 288,000 during 2006, a rate of nearly 3%."
  • "The strong growth of the job market also signaled population gain. Total labor force and total employment grew at about the same rate, while unemployment remained steady."
  • "Total retail sales topped $18 billion."
  • "The region's real estate market numbers for 2006 totaled the second best year ever."

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