Slow Economic Growth Forecasted
Sacramento, CA — A new report predicts slow economic growth for California in the coming months. The UCLA Anderson Forecast is one of the most cited and respected economic outlooks for the state.
The report predicts real personal income will grow at 0.6 percent in 2010, 2.2 percent in 2011 and 4.1 percent in 2012.
The state unemployment rate, which is currently 12.6 percent, is expected to fall through the remainder of the year, averaging around 12.2 percent for the year. Tuolumne County’s unemployment rate is 13.5 percent and Calaveras County is 15.7 percent.