• KPAY on Twitter

  • Advertisements

Experts say California Expected to Add 500K Jobs

LOS ANGELES (AP) – Experts are forecasting modest growth in California’s economy with the addition of nearly 500,000 jobs over the next two years, which would drop the state’s jobless rate to near 10 percent. Unemployment in California is currently at 11.1 percent. The Los Angeles County Economic Development Corp.’s annual forecast being released Wednesday says the anticipated improvement in California’s economy is based partly on continued budget cutting. The Los Angeles Times says many government jobs and services have gotten the ax since the recession started in 2007. The state has lost 85,500 local, state and federal government jobs during the recession. On Tuesday, the financial rating company Standard & Poor’s upgraded its outlook on California’s ability to repay its debts to “positive” from “stable.”


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: