California's reported job numbers have swung wildly in the past few months due to historical "noise" in the data. Overall, employment in the state continues to expand. Read Beacon Economics' analysis of the new numbers and see coverage in the San Jose Mercury News.
U.S. economic growth will be above 3% in 2014, according to our latest forecast. And despite last year's partisan gridlock, growth in the final two quarters of 2013 averaged over 3.5%. Visit Beaconomics to see our new outlook for the nation and California.
Some of California's major regions have surpassed their pre-recession employment peaks as local job markets expand and a surging housing market drives up construction employment. View our new forecasts for six of the state's largest regional economies.
Targeted, five-year forecasts for regions across California are now available from Beacon Economics. Get accurate, seasonally-adjusted outlooks for employment, income, home prices, consumer spending, and more. View a sample Regional DataSheet.