UCLA Economists … California’s Economy to See Sluggish Recovery
California housing market
California’s unemployment rate, currently at 12.4 percent, will not return to single-digit levels until 2012 and the state’s inland areas will continue to be impaired by excess housing inventory and state budget cuts, according to a recent forecast by UCLA’s Anderson School of Business.
KEEP THIS IN MIND
• California’s economic recovery is contingent on consumer shopping behavior nationwide, as retail spending drives traffic at California’s ports and logistics centers, which are both substantial employers throughout the state, the report said. However, consumers are unlikely to increase spending until businesses begin hiring again, which many economists believe will only happen gradually over time.
• The coastal areas of the state will benefit from growth in health care, education, and technology, while inland areas will be constrained by excess housing inventory and state budget cuts, impacting rural inland areas where government workers account for a significant percentage of the workforce, according to the forecast.
La Jolla real estate for sale
Comments are closed.
Wow! This can be one particular of the most useful blogs We have ever arrive across on this subject. Actually Excellent. I am also a specialist in this topic therefore I can understand your hard work.