Charleston, South Carolina, is recovering from the devastating hurricane, and many are looking ahead to what’s to come.
The first few weeks have been rough, and a lot of residents are still feeling the effects of the devastation.
The city’s population is expected to decline to just over 4,000, and more than 40 percent of the population is still homeless.
But it’s not just the residents who are feeling the pinch.
Businesses are being forced to close their doors and the unemployment rate has jumped to 9.3 percent, which is up from 8.9 percent in early February.
Many businesses have decided to move out of the city, which has more than 400,000 residents.
They have relocated to other parts of the state, and Charleston has also seen a huge influx of businesses looking to expand their business base.
The Charleston Chamber of Commerce, which runs the Chamber of Tourism, said its attendance is down by 25 percent compared to a year ago.
There are also layoffs.
Business owners say they can’t keep hiring workers because the economy is so bad.
“The city has been very slow to react to the economic downturn,” Chamber President Richard L. Smith said.
“We’re seeing a lot more businesses close than we were a year and a half ago.
We are seeing a spike in closures as well.””
We’re not getting as much as we should be.
It’s not getting any better.”
Businesses are also having a hard time finding workers, because the unemployment number is rising.
About a third of the workers are unemployed.
Smith says that will have an impact on the economy.
“In order for businesses to make a profit, you need to have employees.
We’ve had to cut back on the number of employees we’re hiring,” he said.”
If we don’t have enough employees, businesses have to close.”
Smith said that Charleston has been hiring more people than ever in the last year, and they’re working more hours.
The Chamber of Business estimates that its current unemployment rate of 8.8 percent is the highest in the country.
Smith said the city is experiencing the “full-employment recovery” that many of its fellow states have experienced, but the economic recovery has slowed to a crawl.
Smith believes the city can rebound from this storm.
“We have to keep pushing forward.
We have to make sure we continue to be responsive to the needs of our citizens,” he added.
“The people of Charleston have been through a very hard time, and we have to be prepared for what’s coming.”
“They’re not expecting to get all their money back, they’re not going to be able to keep their jobs, they have to go back to the job market.”
Business owners have started to return to the city as well, and some are starting to re-establish businesses.
In addition to the Chamber, other businesses are opening their doors to the public, such as the Charleston Museum of Art and the Charleston Historical Society.
There are still a lot going on in the Charleston area, though.
Many businesses have been closed for several months, and even a large construction site has been torn down, though it is still expected to reopen sometime this year.
Smith expects that some of the construction to be completed by the end of the year, which will help boost the economy even further.
“Our goal is to rekindle the economic growth that we’re seeing, and to create jobs,” he told Bleacher Sports.