30 stories
It’s a valid question. It’s not too presumptuous to think. Why not? Could South Carolina be the home to the next supersonic commercial airplane? Perhaps this isn’t on anyone’s radar screen yet. For decades, there has been discussion of a new supersonic commercial airplane. During my Boeing career, in the 1990’s there was talk of […]
In South Carolina, we have seen the benefits of U.S. international trade firsthand. American trade with the world supports more than half a million jobs in our state, from family farms and small businesses to global giants like Boeing and BMW. The Port of Charleston is one of the busiest in the nation and is […]
Although the South Carolina Department of Employment and Workforce is reporting an increase in seasonally adjusted employment of 66,132 from October 2014 to October 2015, the state’s manufacturing sector is showing a loss of 800 jobs over that same time. The decline in manufacturing employment reflects significant weakness in exports that emerged in early 2015 […]
The Conference Board Consumer Confidence Index®, which had increased moderately in September, declined in October. The Index now stands at 97.6 (1985=100), down from 102.6 in September. The Present Situation Index decreased from 120.3 last month to 112.1 in October, while the Expectations Index edged down to 88.0 from 90.8 in September. The monthly Consumer […]
According to a new report by Forbes magazine, South Carolina is the 25th Best State for Business. The tenth annual Forbes ranking measures six vital categories for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. The magazines factors in 40 points of data to determine the ranks across […]
Manufacturing conditions in the region continued to weaken in October, according to firms responding to this month’s Manufacturing Business Outlook Survey. The indicator for general activity remained negative, while the new orders and shipments indexes turned negative this month. Labor market indicators also weakened. The survey’s indicators for prices of inputs and for firms’ own […]
Sentiment regarding the direction of the global economy took a sharp turn downward among U.S. industrial manufacturers, according to the Q3 2015 Manufacturing Barometer, released by PwC US today. Global concerns also served to moderate optimism regarding the domestic outlook, while slowing plans to hire more workers. At the same time, capital and operational spending […]
A gain of only 142,000 new jobs in September on top of a soft reading of 136,000 in August provides more evidence that the US economy is experiencing a slowdown in job growth. While disappointing compared with expectations, this slower job growth is more in line with the mediocre GDP growth of recent years, and […]
The report released today provides more evidence that the labor market is tightening rapidly. The unemployment rate dropped to 5.1 percent in August, as a result of a large drop in the number of unemployed and a flat labor-force participation rate that has yet to recover. It is therefore not surprising to see average hourly […]
Economic activity in the manufacturing sector expanded in August for the 32nd consecutive month, and the overall economy grew for the 75th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management® (ISM®) […]
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