Vitner: Conditions are improving

Wells Fargo senior economist Mark Vitner told more than 100 people at Winthrop University in Rock Hill this week that there’s only a one-in-three chance the nation will fall into another recession.  However, Vitner forecasts only two-percent growth between now and 2013. He says it’s odd to him that South Carolina’s unemployment rate is higher than most other states.

[audio: 0921-Vitner-A.mp3]  :17  Q-heavy manufacturing.

Vitner says that York County’s jobless rate is exceptionally high… but that labor market conditions here are improving.

[audio: 0921-Vitner-B.mp3]  :15  Q-county to work.

And with all that said, Vitner says SOuth Carolina has been tremendously successful in attracting new industry.

[audio: 0921-Vitner-C.mp3]  :23   Q-of the state.

Vitner says despite it’s jobless rate, York County is still doing better than other areas and regions.  He says labor market conditions here are improving.