The state unemployment rate is expected to continue dropping over the next two years, and California will outpace the nation in job growth, according to a UCLA Anderson Forecast released Wednesday, CBS Los Angeles reports.
Jerry Nickelsburg, a UCLA Forecast senior economist, said statewide growth in non-farm jobs has beaten the rest of the country by 1 percentage point over the past three months.
He predicts the state’s unemployment rate could hit 4.9 percent by the end of 2017, down from 5.8 percent now.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- UCLA Forecast: California Job Growth to Outpace Nation
- UCLA Study Predicts Little Job Growth Until 2012
- UCLA Forecast Predicts Job Growth in State
- Forecast: State's Recovery Pushed to 2011
- Dour Forecast for 2010
- Forecast Warns of L.A. Recession
- Anderson Forecast Projects Higher Housing Costs
- Forecast Sees Lingering Recession