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Economists: South Carolina finally back from Great Recession - Live5News.com | Charleston, SC | News, Weather, Sports

Economists: South Carolina finally back from Great Recession

By JEFFREY COLLINS
Associated Press

COLUMBIA, S.C. (AP) - Economists say South Carolina's economy is humming after suffering through the Great Recession for years.

The unemployment rate is at an eight-year low and lawmakers will open next January's session trying to figure out how to spend an addition $1.2 billion in projected tax revenue.

University of South Carolina economist Doug Woodward predicts South Carolina's economy will grow by nearly 3 percent in 2016.

Woodward says the state was helped through the bad times by staying to its core of manufacturing.

He says to keep growing, South Carolina should look to health care. U.S. Census figures show 16 percent of South Carolinians are age 65 or over, compared to 12 percent just 15 years ago.

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