Thursday, December 11, 2014
The future lies ahead
Generally, the forecast itself was reasonably bright: an acceleration of growth and the California unemployment rate and the U.S. unemployment converging to around 5% by the end of 2016. Although the impact of that growth, if it occurs as predicted, on the state budget would be positive, the Forecast does not routinely connect its general economic numbers to state fiscal affairs.
A summary of the forecast is at http://newsroom.ucla.edu/releases/ucla-anderson-forecast-national-economy-out-of-the-doldrums-unemployment-continues-to-declin