Augusta Economy

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Clemson University dean says economic outlook for metro Augusta area is positive

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The economic outlook is looking positive for the metro Augusta area, according to Clemson University’s business college dean emeritus.

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Dr. Bruce Yandle was the guest speaker at the North Augusta Chamber of Commerce's Business Power Luncheon.  JON-MICHAEL SULLIVAN/STAFF
JON-MICHAEL SULLIVAN/STAFF
Dr. Bruce Yandle was the guest speaker at the North Augusta Chamber of Commerce's Business Power Luncheon.

Bruce Yandle was the guest speaker Thursday for the Greater North Augusta Chamber of Commerce’s Business Power Luncheon held at the North Augusta Municipal Center.

While the harsh winter conditions during the first quarter did hurt the area, the economic forecast is already looking up for the year both locally and nationally, Yandle said.

A 2.4 to 3.2 percent increase in the nation’s real GDP is expected through 2017, although the possibility of another recession looms around 2018, he said.

One of the keys to the economic upswing will be increasing education levels of the workforce, particularly young professionals.

Nationally, those without a high school diploma have an unemployment rate of 9.6 percent whereas those with a bachelor’s degree or higher only have a 3.4 percent unemployment rate, he said.

The Augusta area falls within an economic area known as “Char-Lanta” – an area from Charlotte to Atlanta. The percentage of workers within specific employment sectors closely resembles that of the nation, Yandle said.

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Riverman1
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Riverman1 06/05/14 - 08:09 pm
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Isn't Char-Atlanta North of Here?

I thought Char-Atlanta was north of here going through Greenville along I-85? Isn't it generally considered to be Atlanta, Greenville and Charlotte?

Navy Gary
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Navy Gary 06/06/14 - 12:01 am
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All

All a load of horse hockey. Gibberish designed to confuse and further enhance the corporate sponsored "economic slavery" that is taking place all over America.

corgimom
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corgimom 06/06/14 - 06:37 am
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It doesn't confuse me, Navy

It doesn't confuse me, Navy Gary, so sorry if it confuses you.

jimmymac
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jimmymac 06/06/14 - 08:39 am
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RECOVERY
Unpublished

There will be a recovery in America in 2017 because Obama will be out of office. Hopefully Hillary won't move in because she's as liberal as Obummer and just as incompetent.

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