USC Economists: SC Jobs, Income Will Grow in 2014

11:16 AM, Dec 9, 2013   |    comments
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Associated Press

COLUMBIA, S.C. (AP) - Two University of South Carolina economists predict jobs and residents' income will increase statewide next year, if there are no major changes in the U.S. Federal Reserve's bond-buying program.
Business school economists Douglas Woodward and Joseph Von Nessen said Monday they expect job growth to increase by 1.7 percent in South Carolina next year. They are making the forecast Monday during the school's 33rd annual Economic Outlook Conference.
Von Nessen says the state's economy is growing faster than it did before the Great Recession, which officially began in December 2007.
The economists cautioned that uncertainty about Federal Reserve practices are clouding their predictions. If the Fed pulls back on its massive economic stimulus program, interest rates could rise.
Gov. Nikki Haley is making her first appearance at the conference.

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