IE Business Daily Business news for the Inland Empire.
Employment in California should grow 1.1 percent this year, followed by .9 percent growth in each of the next two years, according to a report released Wednesday.
Payrolls statewide are expected to grow at about the same rate during that time, while personal income should increase two percent this year and 3.1 percent in 2018 and 2019, the UCLA Anderson School of Management’s third quarter forecast predicted.
The report painted a bleak picture of the state’s retail industry, noting that about 29,000 jobs in that sector have been eliminated during the past year.
Because of online shopping and more stores replacing cashiers with automated checkout, retail “[might] become the next shrinking sector in terms of jobs,” the forecast stated.
