A new report says California’s economy is expected to continue its steady recovery and predicts the state unemployment rate will drop more than a percentage point over the next two years.
California’s economy will continue to show steady but unremarkable growth in the months ahead, according to a UCLA economic forecast released Thursday.
Researchers say California’s drought could cost the state’s agricultural economy $1.7 billion this year and leave more than 14,000 farmworkers without work.
Is California’s economy going to be saved by the Powerball?
The Golden State has lost some of its luster – California has slipped from its No. 8 ranking among the top economies in the world.
A new report says California is on the road to economic recovery but should expect a long and bumpy ride, with double-digit unemployment likely to continue through 2012.