South Carolina Business Review

SC labor market stays strong

By Mike Switzer

Published March 5, 2024 at 6:30 AM EST

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Joey Von Nessen, chief economist at the University of South Carolina Darla Moore School of Business

The talk of an economic slowdown or even recession seems to have abated for now, especially since the labor market continues to stay strong. So what is going on in employment these days? Will wages keep rising? Will the unemployment rate move higher? Mike Switzer interviews Joey Von Nessen, chief economist at the University of South Carolina Darla Moore School of Business.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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