Coastal Areas Lead Recovery

LOS ANGELES-California’s coastal cities show the strongest employment gains, according to the fourth quarter UCLA Anderson Forecast. In total, California has nearly regained the jobs lost during the downturn, gaining over 1 million jobs through October 2013. The report determined that new enterprises are fueling the growth and occurring more rapidly than businesses are hiring additional employees.

The Inland Empire lagged behind somewhat in the growth. This is expected to change in the coming year, however, with the addition of a new medical center at the University of California, Riverside. Specifically, the medical center will add higher education jobs to the inland region. Kern County’s energy boom is also expected to augment higher education jobs in the region.