The state 's projected 2% employment increase is in line with a national estimate of 2.5%, according to A. Lynn Reaser, chief economist and senior market strategist with Banc of America Capital Management Inc. in St. Louis, the investment wing of the Charlotte-based Bank of America. Reasier made her remarks to bank clients at a recent seminar at Kiawah Island.
In another favorable sign, the state's 3.5% jobless figure is below the national average and should stay that way, Reaser believes. The state lagged behind the nation in the last recession of the early 1990s, she says.
Areas where growth could be held back include possible long-term slumps in the textile and apparel industries. A continuing slide in the technology sector could also crimp the state's economy.
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