County's Job Outlook Still Good

ORANGE COUNTY, CA-Though the US economy is slowing, Orange County and most other parts of Southern California should continue creating thousands of new jobs over the next several months, says a new report by local university researchers.

The report was issued by economists at California State University, Fullerton. It coincides with another report, released this morning by the US Census Bureau, that shows Orange County created more jobs in the late 1990s than any other US metropolitan area except Phoenix and the rest of Maricopa County, AZ.

The Cal State Fullerton study includes a relatively new type of regional economic indicator its researchers have devised that’s designed to predict whether employment will rise or fall over the next three to six months. It’s based on a variety of factors that influence business growth, from interest rates and building permits to the health of the stock market.