USC's Economic Forecast Sees Modest Job Growth in 2011, Especially for Upstate & Lowcountry | South Carolina Real Estate News
- scbiznews.comEconomists at USC's Darla Moore School of Business predict modest growth for the state in the new year, but they don't expect it to be evenly spread statewide.At Thursday's Economic Outlook Conference, USC researchers released an estimate that the state's employment will grow by 1.2% in 2011, the strongest forecast in four years, according to economist Doug Woodward. Job growth in 2010 limped along at a rate of 0.1%.The state has shown considerable economic growth in the fourth quarter, Woodward said, and that can be expected to continue. It will pick up steam beyond even USC's forecasts, Woodward said, if the U.S. government passes the tax cut package currently being debated.Woodward said that plan, hashed out between President Barack Obama and congressional Republicans, would provide a short-term boost at the cost of greater long-term debt. "It's going to make a difference in 2011," Woodward said.ARTICLE SHORTENED DUE TO LENGTH….LINK TO ARTICLE HERE