Calif. Economy Improving as 2013 Nears Its End



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(Sacramento, CA)
Friday, December 20, 2013

By any measure, California had a strong November on the economic front.  The state added nearly 45,000 jobs, and its unemployment rate dropped two tenths of a point to 8.5 ercent.

“This is the best level of job creation in a year,” says Chapman University economist Esmael Adibi.  “The last time we were anywhere close to this was in October of 2012.” 

But Adibi points out the state is revising its original report of October’s 40,000 job gain down to 30,000. 

“The economy has not picked up steam – yet.  But I believe all the signs point that job creation should gain steam as we go to 2014,” Adibi says. 

He says that’s because nearly every industry is growing at a healthy pace – especially construction, which tends to boost growth in other parts of the economy.

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