Report: California Continues Economic Recovery

By: AP Email
By: AP Email

LOS ANGELES (AP) - A new report shows California's economic recovery has been a mixed bag with coastal regions seeing healthy job growth while inlands areas continue to struggle.

The Los Angeles Times reports the UCLA Anderson Forecast said in its quarterly report that coastal counties have employment gains that have outpaced other parts of the nation. However, inland regions are showing little or even negative growth. In Riverside and San Bernardino counties, the unemployment rate was nearly 10 percent in October.

UCLA economists say the inland areas which typically rely on government and construction haven't found a new engine of growth. And while home prices have recovered nicely in California, those who live in Riverside and San Bernardino counties have further to climb to get out of underwater mortgages


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 234612761