CHS Beyond Full Recovery From Great Recession

The Post and Courier has an article that focuses on the inconsistency of researchers and forecasters on figures prior to the Great Recession and current data and who is and is not “fully recovered” from 2009.  But more importantly, some statistics are glaring and impressive about CHS and its full recovery:

  • 43 new residents move to the CHS region EVERY DAY.
  • Since the recession ended in 2009, some 54,000 jobs have been created in the region according to Dr Frank Hefner, an economist at The College of Charleston.
  • And 63,000 persons have moved here (through year-end 2014).
  • As a result, the three-county CHS region recovered from the recession years ago as did the Upstate thanks to the likes of BMW and Michelin.
  • But the article adds that data suggests that some 93% of the nation’s counties have not fully recovered from the economic collapse, at least by the way a study from the National Association of Counties counts the numbers.  But many of the U.S.’ major metro areas – and media outlets – have recovered and good or bad, that is what gets reported.

About charlestonCREblog

30 years' in the commercial real estate biz - investment sales, consulting, banker, appraiser, brokerage. Trained in Atlanta and moved to the Lowcountry in 2008 and now sharing offices in Charleston and Jacksonville, FL. Exclusive listings, buyer representation, and consulting/analysis to help clients make the best commercial real estate decisions.

Posted on January 16, 2016, in CHS Jobs/Economy, SC Jobs/Economy, The Post and Courier, Uncategorized and tagged , , , . Bookmark the permalink. Leave a comment.

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