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Governor Sanford cites Moore professor's research


In his “State of the State” address Jan. 18, South Carolina’s Gov. Mark Sanford cited research by Dr. Donald L. Schunk, assistant professor of economics and research economist at the Moore School of Business, about the state’s labor force growth.Dr.

“Our labor force grew by 45,000 last year,” said Sanford in an address broadcast live on television and radio, “and in the last three months alone it has grown by 1.7 percent – the fastest growth rate in the continental United States.  In the short run, labor force growth bumps up our unemployment numbers, but according to Don Schunk of the Moore School of Business, in the long run it can mean good things for our economy.  It means someone is loading up a U-Haul rental trailer and leaving Michigan because they think South Carolina represents greater opportunity.  In the short run, that lowers Michigan’s unemployment rate and raises ours, but in the long run, we will be better off for these folks making South Carolina home.”