Insight

UCLA Forecast Sees Steady Gains in California Employment

December 2, 2015

Times of San Diego
By Chris Jennewein

The UCLA Anderson School’s latest economic forecast for California calls for steady gains in employment through 2017.

The forecast, released early Wednesday morning prior to a presentation in Los Angeles, predicts 2015 will end with total employment growth of 2.6 percent, followed by 2.1 percent in 2016 and 1.4 percent in 2017.

Senior Economist Jerry Nickelsburg said the state is experiencing a high level of port activity, record international arrivals at LAX and SFO, an upward trend in sales tax revenue and continued growth in residential construction.

By the end of 2017, the Golden State’s unemployment rate will be approximately 4.9 percent, he said.

“In California, the there is no indication of any slowdowns or declines in the continuing growth of both employment and income,” the UCLA economists said.

UCLA Anderson School of Management is among the leading business schools in the world. I’s quarterly forecast is widely watched.