California's Employment and Jobs Forecasts Predict Slower Growth
The Los Angeles County Economic Development Corp.’s 2019 Regional Forecast and Economic Outlook predicts that California’s economy is expected to add 322,700 jobs this year and 318,500 next year. By comparison, California added 424,200 jobs in 2014, 474,000 in 2015 and 427,100 in 2016. The Los Angeles County Economic Development Corp. further predicts that California’s average annual income will hit $52,447 in 2020, an annual increase of $7,572 from 2014.
