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The South Carolina and Santee-Lynches Economies: Recession, Recovery, Then What?

The South Carolina and Santee-Lynches Economies: Recession, Recovery, Then What?. April 15, 2010. Dr. Don Schunk Research Economist Center for Economic & Community Development Coastal Carolina University. The Big Picture: Key Trends That Will Shape the Next 5-10 Years.

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The South Carolina and Santee-Lynches Economies: Recession, Recovery, Then What?

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  1. The South Carolina andSantee-Lynches Economies: Recession, Recovery, Then What? April 15, 2010 Dr. Don SchunkResearch EconomistCenter for Economic & Community DevelopmentCoastal Carolina University

  2. The Big Picture:Key Trends That Will Shape the Next 5-10 Years Dr. Don SchunkCoastal Carolina University

  3. US Savings and Debt Trends: Implications for Spending ???? Real Income Growth: 3.9%Real Spending Growth: 3.8% Real Income Growth: 3.1%Real Spending Growth: 3.4% ???? Dr. Don SchunkCoastal Carolina University

  4. U.S. Homeownership Rate1965 - 2009 Dr. Don SchunkCoastal Carolina University

  5. Debt Outstanding1966 - 2009 Dr. Don SchunkCoastal Carolina University

  6. South Carolina Labor Market Trends Dr. Don SchunkCoastal Carolina University

  7. SC Total EmploymentJan. 2007 – Jan. 2010 -138,000 jobs-7.1% Feb 2008:1,950,700 jobs Jan 2010:1,813,000 jobs Dr. Don SchunkCoastal Carolina University

  8. SC Total EmploymentJan. 1990 – Jan. 2010 Feb 2008:1,950,700 jobs June 2000:1,876,600 jobs Jan 2002:1,795,400 jobs Jan 2010:1,813,000 jobs Dr. Don SchunkCoastal Carolina University

  9. SC Employment Trends Since 1960 Dr. Don SchunkCoastal Carolina University

  10. SC Employment Trends Since 1960 +39,000 jobs Dr. Don SchunkCoastal Carolina University

  11. SC Employment Trends Since 1960 +60,000jobs Dr. Don SchunkCoastal Carolina University

  12. SC Employment Trends Since 1960 -316,000jobs Dr. Don SchunkCoastal Carolina University

  13. Understanding the “Lost” Decade:Trends in Manufacturing Employment Dr. Don SchunkCoastal Carolina University

  14. S.C. Manufacturing Employment1970Q1 – 2001Q4 Dr. Don SchunkCoastal Carolina University

  15. S.C. Manufacturing Employment1970Q1 – 2009Q4 What happens as we lose 130,000 manufacturing jobs? Dr. Don SchunkCoastal Carolina University

  16. Manufacturing and Total Employment in South Carolina1970Q1 – 2009Q4 Dr. Don SchunkCoastal Carolina University

  17. Tracking The Recovery Dr. Don SchunkCoastal Carolina University

  18. Tracking the South Carolina Employment Recovery Dr. Don SchunkCoastal Carolina University

  19. Tracking the South Carolina Employment Recovery Dr. Don SchunkCoastal Carolina University

  20. Santee-Lynches Economic Forecast 2010-2011 Presented by: Santee-Lynches Regional COG & The BB&T Center for Economic and Community Development at Coastal Carolina University

  21. Gross Retail Sales($ billions)

  22. Total Employment(thousands)

  23. Labor Force(thousands)

  24. Unemployment Rate(percent)

  25. Source: Bureau of Labor Statistics, 2000-’09 data

  26. -9,240 manufacturing job losses from 2000-3rdQ ‘09 for region. Source: Bureau of Labor Statistics, Quarterly Census of Employment & Wages

  27. -795 non-manufacturing job losses from 2000-3rdQ ’09 for region. Source: Bureau of Labor Statistics, Quarterly Census of Employment & Wages

  28. -10,035 total job losses from 2000-3rdQ ‘09 for region. Source: Bureau of Labor Statistics, Quarterly Census of Employment & Wages

  29. “If real estate is location, location, location, then economic development in the new economy is education, education, education.” Dr. JOHN S. BUTLER Professor, University of Texas

  30. Source: U.S. Census Bureau

  31. Source: U.S. Census Bureau

  32. Single-Family Building Permits(# of permits)

  33. Single-Family Permits Value($millions)

  34. Manufactured/Mobile Home Permits(# of permits)

  35. Nonresidential Building Permits(# of permits)

  36. Nonresidential Permit Value($millions)

  37. GDP Growth Rate(percent)

  38. CPI Inflation Rate(percent)

  39. Prime Rate(percent)

  40. 30-Year Conventional Mortgage Rate(percent)

  41. 3-Month Treasury Rate(percent)

  42. 10-Year Treasury Rate(percent)

  43. South Carolina Total Employment(millions)

  44. South Carolina Unemployment Rate(percent)

  45. PowerPoint presentations are available for download on our COG Web site: www.santeelynchescog.org

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