The 2008 edition of California Economic Growth
Does your organization have a long-term stake in the California economy? Do you need to be briefed on current economic trends and policy challenges? Does anyone on your staff need detailed data and projections for any of California's five major regional economies? If you answered yes to any of the above, the 2008 edition of California Economic Growth speaks to your needs.
Today the state and nation are in the midst of an economic slowdown. Housing markets are in the middle of a substantial downward correction in housing prices. The first baby boomers turned 62 in 2008 beginning a tidal wave of aging that will reshape the state's housing and labor markets. Since 2000, California's share of U.S. jobs has remained constant, the first time that the state has failed to outpace the nation in job growth when the U.S. economy was growing.
Which trends are temporary and which signify more permanent changes and challenges for California? One trend is certain—for the next ten years the number of residents aged 35-54 will show little growth and the current generation of baby boomers will be slowly replaced by the children and grandchildren of immigrants. How will this change housing and labor markets?
The 2008 edition includes:
- An overview of job, population, household, income and spending growth trends in the next ten years for California and the state's five major economic regions with detailed projections.
- An analysis of California's changing demographics and of the challenges facing residential construction markets in the state.
- An analysis of current economic trends in the state and nation and the outlook for 2008 and 2009.
- A discussion of the key challenges facing California in creating a competitive economy, a great place to live and broadly shared prosperity.
- The objective of California Economic Growth remains the same as it has been for 30 years - to provide an in-depth and independent assessment of the world's eighth largest economy.
To get more information about the 2008 edition you can view the Table of Contents.
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