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Positive Outlook Expected for California Economy


Los Angeles County Economic Development Corp release its annual report forecasting moderate economic growth for the state of California.

Over the next two years, California is expected to add nearly half a million jobs and drive the current 11.1% unemployment rate down to nearly 10%.

Overall, the nation's economy should grow 1.1% and California's economy should grow by 1.5%. Orange County is expected to lead the economic growth due to its tourism, hig-tech industries and multiple universities.

Los Angeles County's economic growth is forecast to be only 0.6%, as the county is expected to experience a painfully slow rate of growth.

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