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Old 01-29-2009, 06:01 PM
 
1,360 posts, read 1,944,602 times
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All,

The following is from the AP...Just wondering has the Greenville and surrounding areas been immuned somewhat from the turn down compared to the rest of SC...

Unlike the last recession, today’s unemployment hot spots are all over the map. The five states with the highest unemployment rates — Michigan, Rhode Island, South Carolina, California and Oregon — all have something in common, though: heightened exposure to the root causes of this downward spiral.

The collapse of housing. The implosion of the auto industry. The meltdown of financial services. The exodus of manufacturing.

South Carolina’s jobless rate has reached 8.4 percent, tied for third-highest, as it struggles to replace lost textile and apparel manufacturing jobs with the type of high-tech industries that North Carolina has been able to attract. In Rhode Island, small manufacturers have had a tough time weathering the credit crunch.
Like South Carolina, the state has not yet made a successful transformation from manufacturing to newer-economy industries such as biotech or computing.

Last edited by tonyandclaire89; 01-29-2009 at 06:10 PM.. Reason: typo
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Old 01-30-2009, 12:13 PM
 
Location: Greenville, SC
915 posts, read 2,426,414 times
Reputation: 400
Sorry I don't have time to pull up the actually Upstate data, but don't pay attention to any index that calculates their data on the state or national level.

Many of the figures for South Carolina get skewed due to low country areas.

Here's an example: Local news the other day reported the SHOCKING HEADLINE: "Median home prices in South Carolina drop 3.5% in 2008!"

Of course they forgot to mention the real data, which was as follows:

Columbia (-1.7%)
Charleston (-4%)
Beaufort (-8.8%)
Grand Strand (-11.7%)
Greenville (+2.4%)
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Old 02-04-2009, 04:07 PM
 
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I agree with the above post. The Greenville area is well insulated.

Last edited by SunnyKayak; 02-04-2009 at 04:39 PM.. Reason: tos violation
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