10/14/2019

Forecast Predicts Slow, Steady Economic Growth

California’s economy is in for more of the steady, unspectacular growth the state has experienced the past few years, according to a new forecast.

The latest UCLA Anderson Forecast, released today , says California can expected a continued fall in unemployment in the coming years, with the Sacramento region and the rest of the Central Valley still lagging the more prosperous coastal regions.

Overall, the state continues to outperform the national economy, with job growth of 2.8 percent over the past 12 months, and the gap between the U.S. and California unemployment rates has been cut in half to 1.4 percent.

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