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Greenville: An Upward Bound Economy in Transition

Greenville: An Upward Bound Economy in Transition. The transforming economy Incomepatterns natConverging but distinctive. South Carolina’s Economy: Forecast & Indicators. Will South Carolina’s Flowers Bloom in the Newly Sprouted Knowledge Economy?. Bruce Yandle

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Greenville: An Upward Bound Economy in Transition

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  1. Greenville: An Upward Bound Economy in Transition The transforming economy Incomepatterns natConverging but distinctive South Carolina’s Economy: Forecast & Indicators. Will South Carolina’s Flowers Bloom in the Newly Sprouted Knowledge Economy? Bruce Yandle Professor of Economics Emeritus, Clemson University yandle@clemson.edu

  2. Greenville: An Upward Bound Economy in Transition The transforming economy Incomepatterns natConverging but distinctive

  3. What matters now are BRAINS. How to get the brains…, and get them connected?

  4. Average Annual Per Capita Real GDP Growth: 2000-2006

  5. 2005 Over 25 Population with High School Education

  6. Percent of Population 25 or older with Bachelor’s Degree or Higher, 2005

  7. Let’s talk about where people work! And how that has changed.

  8. Percent Distribution of US Nonfarm Employment by Industry2006 Source: Bureau of Labor Statistics

  9. Percent Distribution of SC Nonfarm Employment by IndustryJuly 2007 Source: SCESC/LMI

  10. Number of Employees: Professional, Scientific & Technical Services, 2005

  11. Median Family Income, 2005

  12. The Changing Industrial Scene America is disintegrating!

  13. What lies ahead? When will the sub-prime problem end? Recession????

  14. Forecast Time Actual 12/31/06 Forecast 12/31/07 12/31/07 Forecast 12/08 • Real GDP Growth 3.2% 2.5% 2.6%* 2.2% • CPI Inflation 2.6% 2.5% 4.3%** 3.0% • 30-yr. Mortgage 5.82% 6.0% 5.84% 6.10% • Unemploy Rate 4.5% 4.0% 5.0% 5.0% • Prime 8.25% 7.75% 7.25% 6.00% • Dow 12,460 13,200 13,264 14,200 • Employ Growth 150M 175M 120M 110M • Oil $58 $45 $93 $80 • Gold $510 $600 $838 $700 ________________ * Estimate. ** Through November 2007.

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