CCSCE Study Addresses Economic Prospects and Challenges for California -- Volume 10, Bulletin 22 -- July 25, 2003

A new study by the Center for Continuing Study of the California Economy (CCSCE) finds that the California economy has not lagged behind the nation and that future job and income growth within the state will outpace that of the nation. However, this annual update, California Economic Growth - 2003 Edition, cautions that California will be impacted by slower national job growth and by the uncertainty surrounding the U.S. fiscal condition.

According to the study, California job levels were slightly up from April 2000 to April 2003, while national job levels were down. Over the same period, the Bay Area was the only region within California to experience a decline in jobs. From 2000 to 2010, CCSCE projects average job growth per year for the Los Angeles Basin (122,000 jobs), San Francisco Bay Area (45,100 jobs), San Diego region (32,400 jobs), Sacramento region (24,700 jobs), and San Joaquin Valley (32,400 jobs).

The report notes that the Bay Area and the Los Angeles Basin have reversed positions from a decade ago: "Then, it was the Basin (the site of aerospace job losses) that accounted for nearly all of the state's job losses and ended the 1990s with the lowest job growth rate. Now, it is the Bay Area that has been hard hit by tech job losses and will end this decade with the state's lowest job growth rate."

CCSCE is an independent, private research organization which focuses on long-term economic and demographic trends in California. For more information, visit http://www.ccsce.com .

To expand communications between Washington and California, the California Institute provides periodic bulletins regarding current activity on Capitol Hill that directly impacts our state. Bulletins are published weekly during sessions of Congress, and occasionally during other periods.

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