![Darla Moore School of Business economist Joey Von Nessen speaks at the University of South Carolina's 2018 Economic Outlook Conference](/uofsc/images/post_images/2020/11_post_EOC2020.jpg)
UofSC economic forecast for 2021: Palmetto State's economy largely rebounded, but significant gaps still remain
November 25, 2020
With a current unemployment rate of 4.2 percent — less than two percentage points away from its pre-pandemic low of 2.5 percent — South Carolina’s economy has largely recovered from the pandemic-induced recession of 2020, but UofSC economists caution that a COVID-19 vaccine will be required to return to full strength across all sectors in 2021.