Wednesday, June 24, 2009

Latest Forecast Released

Our June 2009 California and Metro Forecast was released today. The press release and highlights are posted here.

The headline is that California non-farm job losses will exceed 1 million (1.02 to be exact) in the recession. This is an increase of about 50,000 from our March forecast.

Overall, there is little difference between the June and March forecast (current one is slightly more pessimistic), at the state or metro level. I would like nothing better than some positive surprises that cause us to change the forecast between now and September.

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