X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Sacramento’s economy will lag the nation into recovery, as California state budget shortfalls and a soft housing market hinder its progress. Employment growth will resume this year, though, a welcome turnaround after losing a combined 86,000 jobs in 2008 and 2009. During 2010, local Employment will rise by 0.7% with the addition of 5,300 jobs, 30 basis points shy of the US job growth forecast. Despite this small step in the right direction, the unemployment rate will remain well above average in the near term. As of mid-2010, local unemployment had fallen from its peak in the first quarter, but at 12%, it remained approximately 200 basis points above the US figure.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.