Economic Growth

California/Inland Empire Outpaces Most U.S. States

As mentioned on GlobeSt.com, September 28, 2016, a new economic forecast for California and the Inland Empire takes a relatively optimistic tone, with both the state and region outperforming the nation over the next year or more. Key domestic indicators, including the national labor markets and median real wages, are also growing positively, says Christopher Thornberg, director of the UC Riverside School of Business Center for Economic Forecasting and Development, which released the forecast in late September. The outlook for California and the Inland Empire is even brighter than for the US, according to the forecast. California’s economy is poised to outpace most other states in the nation over the next several quarters, while the Inland Empire’s robust job growth—the region has experienced the fastest rate of job gains in Southern California over the past five years—is expected to continue, driven partly by healthy population gains.

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